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4 Flat 1238 Henderson Chi Lake View Chicago IL

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X126

Lot Description: Cul-de-sac, Fenced Yard,

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $1950

Unit 2 Floor 2: 2 bedrooms 1 baths $1950

Unit 3 Floor 3: 3 bedrooms 1 baths $2190

Unit 4 Floor 1: 4 bedrooms 2 baths $0

Gross Income $115

Net Op. Income $90,453

Detailed Listing Description

4 Large Units=Large income! Rent last year was $115K! 3 flat & 3 level coach house. Units updated w/in-unit W/D, separate utilities, A/C, DW, decks, wood flooring, double pane windows, baths & furnaces. Perfectly placed bldg. located in a desired cul-de-sac of million $ homes which provides plenty of privacy but is also a short distance away from Wrigley and Southport Corridor. No pet building, No yard work required. Agent owned.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • 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, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Window Air Conditioner, Fireplace-Gas,
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 29% more than other 4 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 24% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $73,080 Monthly $6,090
Rental Income Stabilized : Annual $78,132 Monthly $6,511
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,295,0004$323,7503.31%17.720.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,090$6,511
Year Total$73,080$78,132
Expense
Total$30,205$30,205
Net Operating Income$42,875$47,927
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15669 $43386 $59055 $4922
Total         $15,669 $43,386 $59,055   $-16,180 $15,669 $-511
Stabilized         $15,669 $43,386 $59,055   $-11,128 $15,669 $4,541
Custom         $15669 $43386 $59055   $-11128 $15669 $4541




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1971,2504,9221,2803,6421,2803,6424,922
2969,9704,9221,2853,6372,5647,2809,844
3968,6864,9221,2893,6333,85410,91214,766
4967,3964,9221,2943,6285,14814,54019,688
5966,1024,9221,2993,6236,44718,16324,610
6964,8034,9221,3043,6187,75121,78129,532
7963,4994,9221,3093,6139,06025,39434,454
8962,1904,9221,3143,60810,37429,00239,376
9960,8764,9221,3193,60311,69332,60544,298
10959,5574,9221,3243,59813,01636,20449,220
11958,2344,9221,3293,59314,34539,79754,142
12956,9054,9221,3343,58815,67843,38659,064
13955,5724,9221,3393,58317,01746,96963,986

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Listing Agent: Beth Uhen
Listing Office: Dream Town Realty
543 S. Cuyler #2 Oak Park

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