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3 Flat 1138 Barry Chi Lake View Chicago IL Mu I

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 24X124

Lot Description: Fenced Yard, Landscaped Professionally,

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1800

Unit 2 Floor 2: 2 bedrooms 1 baths $1950

Unit 3 Floor 3: 3 bedrooms 1 baths $1900

Gross Income $68,400

Net Op. Income $64,050

Detailed Listing Description

OUTSTANDING REVENUE GENERATING 3 FLAT WITH DETACHED 2-CAR GARAGE IN IDEAL, LAKEVIEW RESIDENTIAL LOCATION HAS BEEN IMPROVED AND UPDATED THROUGHOUT! AN EASY WALK TO THE BELMONT EL STATION, CTA BUS LINES, RESTAURANTS, SHOPPING AND ALL THAT THIS THRIVING NEIGHBORHOOD OFFERS. BUY THIS VERY WELL MAINTAINED BLDG WITH GREAT RENTS AS A TURNKEY INVESTMENT OR TO OWNER OCCUPY WITH INCOME! TENANTS PAY UTILITIES. THE BRIGHT, SPACIOUS 2 AND 3 BEDROOM/1 BATH UNITS FEATURE HIGH CEILINGS, REFINISHED HARDWOOD FLOORS, ORIGINAL BUILT-INS + STAINED GLASS WINDOWS ALONG WITH RENOVATED BATHROOMS, IN UNIT WASHER/DRYERS, INDIVIDUAL GAS FORCED HEAT, CENTRAL A/C AND HOT WATER. THE UPGRADED KITCHENS HAVE GRANITE COUNTERS, CHERRY CABINETS, SS APPLIANCES, BREAKFAST BARS AND TABLE SPACE. PRIVATE DECKS OVERLOOK A GARDEN COURTYARD THAT IS IDEAL FOR OUTDOOR ENTERTAINING. SEPARATE OWNER STORAGE AREA IN GARAGE. REQUEST A SHOWING TODAY!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 3Electric, Gas, Heat, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
Schools
  • Grade SchoolAGASSIZ ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLINCOLN PARK HIGH SCHOOL
  • 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 22% 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 18% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $67,800 Monthly $5,650
Rental Income Stabilized : Annual $70,356 Monthly $5,863
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$849,0003$283,0005.03%12.520.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,650$5,863
Year Total$67,800$70,356
Expense
Total$25,105$25,105
Net Operating Income$42,695$45,251
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10273 $28444 $38717 $3227
Total         $10,273 $28,444 $38,717   $3,978 $10,273 $14,251
Stabilized         $10,273 $28,444 $38,717   $6,534 $10,273 $16,807
Custom         $10273 $28444 $38717   $6534 $10273 $16807




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1636,7503,2278392,3888392,3883,227
2635,9113,2278422,3851,6824,7726,454
3635,0683,2278452,3822,5277,1549,681
4634,2233,2278492,3783,3769,53212,908
5633,3743,2278522,3754,22811,90716,135
6632,5223,2278552,3725,08314,27919,362
7631,6673,2278582,3695,94116,64822,589
8630,8093,2278612,3666,80219,01425,816
9629,9483,2278652,3627,66721,37629,043
10629,0833,2278682,3598,53523,73532,270
11628,2153,2278712,3569,40626,09135,497
12627,3443,2278742,35310,28128,44338,724
13626,4693,2278782,34911,15830,79341,951

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Listing Agent: Brent J. Rosenbower
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
550 W Surf Street Chicago

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