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4 Flat 3968 Avondale Chi Irving Park Chicago IL

City: CHICAGO ZIP: 60641

Built In: 2017

Lot Size: Less Than .25 Acre

Lot Dimensions: 30 X 60

# of Units: 4

Unit 1 Floor S: 2 bedrooms 2 baths $0

Unit 2 Floor C: 3 bedrooms 2 baths $2650

Unit 3 Floor B: 3 bedrooms 2 baths $2750

Unit 4 Floor A: 3 bedrooms 2 baths $2850

Gross Income $13,320

Net Op. Income $95,817

Detailed Listing Description

This is the ideal live-in or investment 4-unit apartment complex in the Old Irving Park neighborhood of Chicago, situated adjacent to the Irving Park CTA "Blue Line" Station and the Irving Park Metra Station. The 4 story property includes 5,573sf of residential space and 2 parking spaces. High-end finishes include Abaco by Snaidero designer Italian cabinetry, in unit washers and dryers, Balterio gray stone plank flooring, built in closets, quartz kitchen counter tops and Energy Star appliances. The property offers a best-in-class location in Irving Park with immediate highway access and public transportation options.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • 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, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Handicap Access,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 174% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 142% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $99,000 Monthly $8,250
Rental Income Stabilized : Annual $99,000 Monthly $8,250
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,549,0004$387,2503.93%15.650.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,250$8,250
Year Total$99,000$99,000
Expense
Total$38,165$38,165
Net Operating Income$60,835$60,835
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18742 $51896 $70638 $5887
Total         $18,742 $51,896 $70,638   $-9,803 $18,742 $8,939
Stabilized         $18,742 $51,896 $70,638   $-9,803 $18,742 $8,939
Custom         $18742 $51896 $70638   $-9803 $18742 $8939




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,161,7505,8871,5304,3571,5304,3575,887
21,160,2205,8871,5364,3513,0678,70711,774
31,158,6835,8871,5424,3454,60913,05217,661
41,157,1415,8871,5484,3396,15617,39223,548
51,155,5945,8871,5544,3337,71021,72529,435
61,154,0405,8871,5594,3289,26926,05335,322
71,152,4815,8871,5654,32210,83430,37541,209
81,150,9165,8871,5714,31612,40534,69147,096
91,149,3455,8871,5774,31013,98239,00152,983
101,147,7685,8871,5834,30415,56543,30558,870
111,146,1855,8871,5894,29817,15447,60364,757
121,144,5965,8871,5954,29218,74951,89570,644
131,143,0015,8871,6014,28620,35056,18176,531

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Listing Agent: Michael Milstead
Listing Office: S Hansen Realty Inc.
2800 N Orchard St Chicago

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