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2 Flat 3748 Racine Chi Lake View Chicago IL Mu

City: CHICAGO ZIP: 60613

Built In: 1896

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X123

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 0: 2 bedrooms 1 baths $0

Detailed Listing Description

Check out the 3D Tour, click the link above photo! Classic, solid stone & brick 2 flat in popular Wrigleyville. This building is family owned & occupied for generations. So many original features remain including beautiful hardwood floors, solid wood trim & built ins. High ceilings, arched doorways & solid plaster walls make this a perfect investment property or convert to a single family. Spacious 1st & 2nd floor units have living room, dining room, eat in kitchen, full bath & 2 bedrooms each. 2nd floor has office that could be a 3rd bedroom. Full basement has such character with the exposed brick & allows potential for additional living space, rec rm, workout rm or a great office space & has a full bathroom! 2 exterior parking spaces included, but room to add a garage if so desired. The location is amazing! Close & move in before "Opening Day" to hear the crowd & walk to games! Not to mention the choices of dining, shopping & entertainment all within walking distance!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Other,
  • Tenant Pays Unit 2Other,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 24% more than other 2 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 6% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $20,938 Monthly $1,745
Rental Income Stabilized : Annual $26,172 Monthly $2,181
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$930,0002$465,000-0.04%44.420.23%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,745$2,181
Year Total$20,938$26,172
Expense
Total$21,323$21,323
Net Operating Income$-385$4,849
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11253 $31158 $42411 $3535
Total         $11,253 $31,158 $42,411   $-42,796 $11,253 $-31,543
Stabilized         $11,253 $31,158 $42,411   $-37,562 $11,253 $-26,309
Custom         $11253 $31158 $42411   $-37562 $11253 $-26309




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1697,5003,5359192,6169192,6163,535
2696,5813,5359232,6121,8425,2287,070
3695,6583,5359262,6092,7687,83710,605
4694,7323,5359302,6053,69810,44214,140
5693,8023,5359332,6024,63113,04417,675
6692,8693,5359372,5985,56815,64221,210
7691,9323,5359402,5956,50818,23724,745
8690,9923,5359442,5917,45220,82828,280
9690,0483,5359472,5888,40023,41531,815
10689,1003,5359512,5849,35026,00035,350
11688,1503,5359542,58110,30528,58038,885
12687,1953,5359582,57711,26331,15742,420
13686,2373,5359622,57312,22533,73045,955

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Listing Agent: Laurie Catallo
Listing Office: Weichert, Realtors - All Pro
2320 N. 77TH CT. ELMWOOD PARK

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