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3 Flat 1014 Wolfram Chi Lake View Chicago IL Mu

City: CHICAGO ZIP: 60657

Built In: 1970

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 3 baths $OWNR

Unit 2 Floor 1: 1 bedrooms 1 baths $1050

Unit 3 Floor 2: 1 bedrooms 1 baths $1700

Detailed Listing Description

Extremely rare piece of property. Stand alone 'all above grade' duplex building w/ a 2 unit building in rear w/ a 2 car garage. Front building has 1st flr living rm, family rm, dining area & kitchen w/ full bath (the 2nd living area would be a perfect 3rd bedrm. 2nd flr has 2 bedrms both w/ there own baths - 2nd bedrm has a huge office/den that can be absorbed to make a bigger bedrm or a perfect tandem room. This is a perfect owners unit for that buyer that wants a multi unit/investment piece but at the same time doesn't want to live with others. Small courtyard behind main building - 2nd building w/ 2 great one bedrm units (1st and 2nd floor w/ there own separate entrances). Perfect for a yearly renter and short term renter. close to 80k yearly rent as total investment - just renting out the back 40k in yearly rent. 2018 taxes 13,500 (new assessment came in). so many possibilities. W/D , furnaces in all units. AC in front dplex - window AC in 1 beds. gutted/addition in 2003-06

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s), 7 Foot or more high garage door,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Wood, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Skylights/Windows, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Window Air Conditioner, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Window Air Conditioner, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors,
  • 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 19% 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 15% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $33,000 Monthly $2,750
Rental Income Stabilized : Annual $36,552 Monthly $3,046
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,750$3,046
Year Total$33,000$36,552
Net Operating Income$6,977$10,529
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10636 $29449 $40085 $3341
Total         $10,636 $29,449 $40,085   $-33,108 $10,636 $-22,472
Stabilized         $10,636 $29,449 $40,085   $-29,556 $10,636 $-18,920
Custom         $10636 $29449 $40085   $-29556 $10636 $-18920

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Meredith Manni
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
1209 North Astor Chicago

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