4 Flat 4355 57 Hermitage Lake View Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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4 Flat 4355 57 Hermitage Lake View Chicago IL Mu

City: CHICAGO ZIP: 60613

Built In: 1896

Lot Size: A

Lot Dimensions: 46 X 112

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1750

Unit 2 Floor 1: 3 bedrooms 1 baths $1500

Unit 3 Floor 2: 2 bedrooms 1 baths $1650

Unit 4 Floor 2: 2 bedrooms 1 baths $1600

Gross Income $90,000

Net Op. Income $63,932

Detailed Listing Description

AN INVESTOR'S DREAM PROPERTY! Turn-Key income producing investment! Originally, this 122-year-old property was two buildings, and at one time served as a restaurant. Zoned as RS-3, this solid, multi-unit building has been pristinely maintained by the owner and tastefully updated while leaving the character of the building intact. You can duplex up or down to create additional income. All of the units are 100% rented and have their own separate utilities. An onsite laundry generates additional income. A relative currently lives in the top floor loft-style attic, which could increase the annual income. The corner property is located in a prime, residential neighborhood near restaurants, shops, schools, and the Brown line Montrose stop. Serious Buyers must provide proof of funds & pre-approval letter prior to viewing all tenant-occupied units. 1st Showings will only include Common Areas & Top Floor loft-style attic Unit. 2nd Showings will include other available tenant-occupied units.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,E,F,I,S
  • Appliances Unit 4A,B,E,F,I,S
Schools
  • Grade SchoolRAVENSWOOD ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolRAVENSWOOD ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 35% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 11% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $78,000 Monthly $6,500
Rental Income Stabilized : Annual $87,972 Monthly $7,331
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,499,9994$375,0002.64%19.230.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,500$7,331
Year Total$78,000$87,972
Expense
Total$38,460$38,460
Net Operating Income$39,540$49,512
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18149 $50254 $68403 $5701
Total         $18,149 $50,254 $68,403   $-28,863 $18,149 $-10,714
Stabilized         $18,149 $50,254 $68,403   $-18,891 $18,149 $-742
Custom         $18149 $50254 $68403   $-18891 $18149 $-742




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,125,0005,7011,4824,2191,4824,2195,701
21,123,5185,7011,4884,2132,9708,43211,402
31,122,0305,7011,4934,2084,46312,64017,103
41,120,5375,7011,4994,2025,96216,84222,804
51,119,0385,7011,5054,1967,46721,03828,505
61,117,5335,7011,5104,1918,97725,22934,206
71,116,0235,7011,5164,18510,49329,41439,907
81,114,5075,7011,5224,17912,01533,59345,608
91,112,9855,7011,5274,17413,54237,76751,309
101,111,4585,7011,5334,16815,07541,93557,010
111,109,9255,7011,5394,16216,61446,09762,711
121,108,3865,7011,5454,15618,15850,25468,412
131,106,8425,7011,5504,15119,70954,40474,113

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Listing Agent: John Kovacevic
Listing Office: Baird & Warner
850 N. DeWitt #9H Chicago

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