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2 Flat 3722 Claremont Chi North Center Chicago

City: CHICAGO ZIP: 60618

Built In: 1921

Lot Size: Less Than .25 Acre

Lot Dimensions: 30 X 123

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Solid brick multi-unti on an over-sized lot in North Center. Prime location right next to Bell school. Home is in need of some TLC and is perfect for de-converting to a single family home or making it a duplex down with an upstairs apartment. Top two units have two bedrooms and the basement has one. Perfect location - close to Starbucks, Mariano's, Lane Tech, Wrigley, restraurants and public transportation. Owner and listing agent do not warrant the legality of the basement unit. Sold as-is.

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, Gas, Heat, Sewer, Water,
  • Tenant Pays Unit 2Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade SchoolBELL ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBELL ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLANE TECHNICAL HIGH SCHOOL
  • 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 25% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 8% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $28,157 Monthly $2,346
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$600,0002$300,0001.34%21.310.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,346$2,933
Year Total$28,157$35,196
Expense
Total$20,089$20,089
Net Operating Income$8,068$15,107
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7260 $20102 $27362 $2281
Total         $7,260 $20,102 $27,362   $-19,294 $7,260 $-12,034
Stabilized         $7,260 $20,102 $27,362   $-12,255 $7,260 $-4,995
Custom         $7260 $20102 $27362   $-12255 $7260 $-4995




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1450,0002,2815941,6885941,6882,281
2449,4072,2815961,6851,1893,3734,562
3448,8112,2815981,6831,7875,0566,843
4448,2132,2816001,6812,3876,7379,124
5447,6132,2816021,6792,9908,41511,405
6447,0102,2816051,6763,59510,09113,686
7446,4052,2816071,6744,20211,76515,967
8445,7982,2816091,6724,81113,43718,248
9445,1892,2816121,6695,42215,10720,529
10444,5782,2816141,6676,03616,77422,810
11443,9642,2816161,6656,65218,43925,091
12443,3482,2816181,6637,27120,10127,372
13442,7292,2816211,6607,89221,76129,653

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Listing Agent: Michael Saladino
Listing Office: Keller Williams Chicago-Lakeview
4505 North Kenneth Ave Chicago

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