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4 Flat 2054 Division Chi West Town Chicago IL M

City: CHICAGO ZIP: 60622

Built In: 1993

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 121

# of Units: 4

Unit 1 Floor G: 2 bedrooms 2 baths $2120

Unit 2 Floor 1: 3 bedrooms 2 baths $2880

Unit 3 Floor 2: 3 bedrooms 2 baths $2910

Unit 4 Floor 3: 3 bedrooms 2 baths $3060

Gross Income $13,164

Net Op. Income $10,704

Detailed Listing Description

Massive 4 unit building located on Division and Damen. This 1993 built consists of one garden 2 bed / 2 bath, and three 3 bed / 2 bath units. Huge layouts, open floor plan, queen/king size bedrooms, back decks with shared roof top deck, and 4 exterior spots. Buy to rent as is or huge potential to upgrade each unit.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces4
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Cathedral Ceilings, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 54% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 45% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $131,640 Monthly $10,970
Rental Income Stabilized : Annual $126,720 Monthly $10,560
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,499,9504$374,9886.49%11.390.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$10,970$10,560
Year Total$131,640$126,720
Expense
Total$34,260$34,260
Net Operating Income$97,380$92,460
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18149 $50253 $68402 $5701
Total         $18,149 $50,253 $68,402   $28,978 $18,149 $47,127
Stabilized         $18,149 $50,253 $68,402   $24,058 $18,149 $42,207
Custom         $18149 $50253 $68402   $24058 $18149 $42207




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,124,9635,7011,4824,2191,4824,2195,701
21,123,4815,7011,4884,2132,9708,43211,402
31,121,9935,7011,4944,2074,46412,63917,103
41,120,4995,7011,4994,2025,96316,84122,804
51,119,0005,7011,5054,1967,46821,03728,505
61,117,4955,7011,5104,1918,97825,22834,206
71,115,9855,7011,5164,18510,49429,41339,907
81,114,4695,7011,5224,17912,01633,59245,608
91,112,9475,7011,5274,17413,54337,76651,309
101,111,4205,7011,5334,16815,07741,93357,010
111,109,8865,7011,5394,16216,61546,09662,711
121,108,3485,7011,5454,15618,16050,25268,412
131,106,8035,7011,5504,15119,71154,40274,113

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Listing Agent: Roman Serra
Listing Office: Spaces Real Estate LLC
3223 N Sheffield Chicago

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