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3 Flat 3917 Spaulding Chi Irving Park Chicago I

City: CHICAGO ZIP: 60618

Built In: 1912

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30 X 127

Lot Description: Fenced Yard,

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1695

Unit 2 Floor 2: 3 bedrooms 1 baths $1280

Unit 3 Floor G: 2 bedrooms 1 baths $1320

Gross Income $54,540

Detailed Listing Description

Legal Irving Park Brick 3 flat in excellent condition! 1st and 2nd floor includes 3 bedrooms, separate dining and living; garden with 2 beds and common coin laundry and storage in rear. Unit 1 and garden have newer kitchens with stainless steel appliances and updated baths. 2nd floor long standing tenants. All hardwood floors throughout. Tenants pay utilities except gas ($249/month). Coin laundry - $50/month. 2.5 garage rented for $200/month MTM. Close to 90/94, Blue Line, shopping, restaurants and more. Great investment opportunity!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 7% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 8% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,540 Monthly $4,295
Rental Income Stabilized : Annual $58,872 Monthly $4,906
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$549,0003$183,0005.62%10.650.89%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,295$4,906
Year Total$51,540$58,872
Expense
Total$20,700$20,700
Net Operating Income$30,840$38,172
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6643 $18393 $25036 $2087
Total         $6,643 $18,393 $25,036   $5,804 $6,643 $12,447
Stabilized         $6,643 $18,393 $25,036   $13,136 $6,643 $19,779
Custom         $6643 $18393 $25036   $13136 $6643 $19779




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1411,7502,0875431,5445431,5442,087
2411,2072,0875451,5421,0883,0864,174
3410,6622,0875471,5401,6354,6266,261
4410,1152,0875491,5382,1846,1648,348
5409,5662,0875511,5362,7357,70010,435
6409,0152,0875531,5343,2889,23412,522
7408,4622,0875551,5323,84410,76514,609
8407,9062,0875571,5304,40112,29516,696
9407,3492,0875591,5284,96013,82318,783
10406,7902,0875621,5255,52215,34820,870
11406,2282,0875641,5236,08616,87122,957
12405,6642,0875661,5216,65118,39325,044
13405,0992,0875681,5197,21919,91227,131

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Listing Agent: Stephanie Wesson
Listing Office: Dream Town Realty
520 W. Huron, unit 511 Chicago

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