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4 Flat 1045 California Chi West Town Chicago IL

City: CHICAGO ZIP: 60622

Built In: 2008

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 0 bedrooms 1 baths $1575

Unit 2 Floor 2: 3 bedrooms 2 baths $2150

Unit 3 Floor 3: 3 bedrooms 2 baths $2450

Unit 4 Floor 4: 3 bedrooms 2 baths $2650

Net Op. Income $90,504

Detailed Listing Description

Booming California/Augusta corridor new construction contemporary style (true) four unit building. Property consists of three oversized 3b/2b units with 12' ceilings on all floors and one wonderful commercial space with long term tenant. Three parking spaces in rear, two of which are tandem. Penthouse unit has rooftop access with an additional office/den area. Rooftop has incredible downtown views.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
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 51% 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 42% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $105,900 Monthly $8,825
Rental Income Stabilized : Annual $119,124 Monthly $9,927
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,475,0004$368,7504.78%13.930.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,825$9,927
Year Total$105,900$119,124
Expense
Total$35,436$35,436
Net Operating Income$70,464$83,688
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $17847 $49417 $67264 $5606
Total         $17,847 $49,417 $67,264   $3,200 $17,847 $21,047
Stabilized         $17,847 $49,417 $67,264   $16,424 $17,847 $34,271
Custom         $17847 $49417 $67264   $16424 $17847 $34271




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,106,2505,6061,4584,1481,4584,1485,606
21,104,7925,6061,4634,1432,9218,29111,212
31,103,3295,6061,4694,1374,38912,42916,818
41,101,8615,6061,4744,1325,86316,56122,424
51,100,3875,6061,4804,1267,34320,68728,030
61,098,9075,6061,4854,1218,82824,80833,636
71,097,4225,6061,4914,11510,31828,92439,242
81,095,9325,6061,4964,11011,81533,03344,848
91,094,4355,6061,5024,10413,31737,13750,454
101,092,9335,6061,5074,09914,82441,23656,060
111,091,4265,6061,5134,09316,33745,32961,666
121,089,9135,6061,5194,08717,85649,41667,272
131,088,3945,6061,5254,08119,38153,49772,878

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Listing Agent: Alan Cosby
Listing Office: TriView Property & Investments
247 W Scott #404 Chicago

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