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3 Flat 1057 Cornelia Chi Lake View Chicago IL M

City: CHICAGO ZIP: 60657

Built In: 1891

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1650

Unit 2 Floor 1: 3 bedrooms 1 baths $2000

Unit 3 Floor 2: 4 bedrooms 2 baths $3700

Gross Income $74,390

Net Op. Income $60,000

Detailed Listing Description

This 3 unit building is in a great location with 2 of the units currently leased. Well maintained and upgraded, it also includes 8 parking spaces. The roof is less than 10 years old and many of the appliances have been recently replaced. Hardwood floors throughout. Only 2 blocks from Wrigley Field, these apartments are in high demand.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces8
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
  • Tenant Pays Unit 3All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 11% more than other 3 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 7% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $88,200 Monthly $7,350
Rental Income Stabilized : Annual $93,012 Monthly $7,751
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$970,0003$323,3336.40%11.000.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,350$7,751
Year Total$88,200$93,012
Expense
Total$26,090$26,090
Net Operating Income$62,110$66,922
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11737 $32498 $44235 $3687
Total         $11,737 $32,498 $44,235   $17,875 $11,737 $29,612
Stabilized         $11,737 $32,498 $44,235   $22,687 $11,737 $34,424
Custom         $11737 $32498 $44235   $22687 $11737 $34424




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1727,5003,6879592,7289592,7283,687
2726,5413,6879622,7251,9215,4537,374
3725,5793,6879662,7212,8878,17411,061
4724,6133,6879702,7173,85710,89114,748
5723,6433,6879732,7144,83013,60518,435
6722,6703,6879772,7105,80716,31522,122
7721,6933,6879812,7066,78819,02125,809
8720,7123,6879842,7037,77221,72429,496
9719,7283,6879882,6998,76024,42333,183
10718,7403,6879922,6959,75227,11836,870
11717,7483,6879952,69210,74829,80940,557
12716,7523,6879992,68811,74732,49744,244
13715,7533,6871,0032,68412,75035,18147,931

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Listing Agent: Jack Quill
Listing Office: @properties
195 North Harbor Dr #1102 Chicago

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