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4 Flat 1761 Augusta Chi West Town Chicago IL Mu

City: CHICAGO ZIP: 60622

Built In: 1878

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X100

Lot Description: Corner,

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 2 baths $3050

Unit 2 Floor 2: 1 bedrooms 1 baths $1750

Unit 3 Floor 2: 2 bedrooms 1 baths $1625

Unit 4 Floor 3: 3 bedrooms 2 baths $3000

Gross Income $11,310

Net Op. Income $92,582

Detailed Listing Description

Prime Ukrainian Village Corner of Augusta & Wood- Turnkey Building-6.5+ Cap! Excellent opportunity for Investor/Owner Occupant-Jumbo 4 unit building with 3 car brick garage. Building was total gut renovation with new plumbing, windows, electric (400 amp service), HVAC and mechanicals All units feature hardwood floors, custom kitchen cabinetry with Stainless appliances and granite countertops, luxury bathroom(s) with custom vanities, poured shower bases & high-end tile. Units offer large open floor plans with plenty of storage, natural light, and 7' doorways. Apartments are well maintained and leased up-room to increase rents upon renewal!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), 7 Foot or more high garage door,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces3
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 3Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet,
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 53% 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 44% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $113,100 Monthly $9,425
Rental Income Stabilized : Annual $109,260 Monthly $9,105
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,495,0004$373,7505.59%13.220.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,425$9,105
Year Total$113,100$109,260
Expense
Total$29,492$29,492
Net Operating Income$83,608$79,768
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18089 $50087 $68176 $5682
Total         $18,089 $50,087 $68,176   $15,432 $18,089 $33,521
Stabilized         $18,089 $50,087 $68,176   $11,592 $18,089 $29,681
Custom         $18089 $50087 $68176   $11592 $18089 $29681




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,121,2505,6821,4774,2051,4774,2055,682
21,119,7735,6821,4834,1992,9608,40411,364
31,118,2905,6821,4884,1944,44912,59717,046
41,116,8015,6821,4944,1885,94316,78522,728
51,115,3075,6821,5004,1827,44220,96828,410
61,113,8085,6821,5054,1778,94725,14534,092
71,112,3035,6821,5114,17110,45829,31639,774
81,110,7925,6821,5174,16511,97533,48145,456
91,109,2755,6821,5224,16013,49737,64151,138
101,107,7535,6821,5284,15415,02541,79556,820
111,106,2255,6821,5344,14816,55945,94362,502
121,104,6915,6821,5394,14318,09850,08668,184
131,103,1525,6821,5454,13719,64354,22373,866

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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