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4 Flat 1523 Fry Chi West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60642

Built In: 1994

Lot Size: Less Than .25 Acre

Lot Dimensions: 24 X 125

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $1595

Unit 2 Floor 1: 3 bedrooms 2 baths $2100

Unit 3 Floor 2: 3 bedrooms 2 baths $1870

Unit 4 Floor 3: 3 bedrooms 2 baths $2310

Gross Income $94,700

Net Op. Income $80,343

Detailed Listing Description

4 unit building built in 1994, located in Ukrainian Village hip rental market 1 block off Chicago Ave. 2 bed / 1 bath garden unit, and three 3 bed / 2 bath simplex units. Each unit has a large open floor plan, queen/king size bedrooms, fireplaces, decks, and 3 tandem parking rows. Buy to rent as is or huge potential to upgrade each unit.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces6
  • 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, Dishwasher, Central Air Conditioner, Fireplace-Gas, Range Hood,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Central Air Conditioner, Fireplace-Gas, Range Hood, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Central Air Conditioner, Fireplace-Gas, Range Hood, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 4Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Range Hood, Cathedral Ceilings, Hardwood Floors, Skylights/Windows, Walk-In Closet,
Schools
  • Grade School District130
  • Jr High/Middle School District130
  • High School District130

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 7% 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 13% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $94,500 Monthly $7,875
Rental Income Stabilized : Annual $150,360 Monthly $12,530
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,175,0004$293,7505.99%12.431.07%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,875$12,530
Year Total$94,500$150,360
Expense
Total$24,135$24,135
Net Operating Income$70,365$126,225
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14217 $39366 $53583 $4466
Total         $14,217 $39,366 $53,583   $16,782 $14,217 $30,999
Stabilized         $14,217 $39,366 $53,583   $72,642 $14,217 $86,859
Custom         $14217 $39366 $53583   $72642 $14217 $86859




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1881,2504,4661,1613,3051,1613,3054,466
2880,0894,4661,1663,3002,3276,6058,932
3878,9234,4661,1703,2963,4979,90113,398
4877,7534,4661,1743,2924,67113,19317,864
5876,5794,4661,1793,2875,85016,48022,330
6875,4004,4661,1833,2837,03419,76226,796
7874,2164,4661,1883,2788,22123,04131,262
8873,0294,4661,1923,2749,41326,31535,728
9871,8374,4661,1973,26910,61029,58440,194
10870,6404,4661,2013,26511,81132,84944,660
11869,4394,4661,2063,26013,01736,10949,126
12868,2334,4661,2103,25614,22739,36553,592
13867,0234,4661,2153,25115,44142,61758,058

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

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