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3 Flat 1416 Greenview Chi West Town Chicago IL

City: CHICAGO ZIP: 60642

Built In: U

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $1850

Unit 2 Floor 2: 2 bedrooms 2 baths $2550

Unit 3 Floor C: 2 bedrooms 1 baths $1850

Gross Income $75,000

Detailed Listing Description

AMAZING 6% CAP RATE OPPORTUNITY TO OWN A PART OF BOOMING WEST TOWN Large brick 3 unit building in excellent condition. Prime location with easy access to the blue line, expressway, & 606 Trail. Fabulous property includes 2 units in the main building plus separate coach house. 2nd unit is duplexed with 2 bedrooms, 2 baths, dramatic and hip open airy loft style with a BRAND NEW MASTER BATHROOM, plus a gourmet kitchen with island, wbfp, dining area, and perfect space for home office, in-unit w/d and central air. First floor lower unit features 3BRs, 2 recent renovated bathrooms, bamboo floors, newer SS appliances, and brand new in-unit w/d. Sweet coach house with kitchen, 2 bedrooms, 1 bath, in unit w/d, mud room, hardwood floors, & central air. A patio space for grilling and extra storage. Invest, or expand, increase rents, or perfect owner occupied opportunity, no garage. Tenants pay utilities. Close by restaurants, grocery stores, & entertainment. A+WEST TOWN LOCATION

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,J,P,S
  • Appliances Unit 2A,B,C,D,E,I,M,S
  • Appliances Unit 3A,B,C,D,E,I,P,S
Schools
  • Grade SchoolLOZANO ELEMENTARY SCHOOL BILINGU
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 7% more than other 3 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 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $75,000 Monthly $6,250
Rental Income Stabilized : Annual $105,528 Monthly $8,794
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$969,0003$323,0005.19%12.920.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,250$8,794
Year Total$75,000$105,528
Expense
Total$24,671$24,671
Net Operating Income$50,329$80,857
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11725 $32464 $44189 $3683
Total         $11,725 $32,464 $44,189   $6,140 $11,725 $17,865
Stabilized         $11,725 $32,464 $44,189   $36,668 $11,725 $48,393
Custom         $11725 $32464 $44189   $36668 $11725 $48393




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1726,7503,6839582,7259582,7253,683
2725,7923,6839612,7221,9195,4477,366
3724,8313,6839652,7182,8848,16511,049
4723,8663,6839692,7143,85210,88014,732
5722,8983,6839722,7114,82413,59118,415
6721,9263,6839762,7075,80016,29822,098
7720,9503,6839792,7046,78019,00125,781
8719,9703,6839832,7007,76321,70129,464
9718,9873,6839872,6968,75024,39733,147
10718,0003,6839902,6939,74027,09036,830
11717,0103,6839942,68910,73429,77940,513
12716,0163,6839982,68511,73232,46444,196
13715,0183,6831,0022,68112,73435,14547,879

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Listing Agent: Kathleen Whalen
Listing Office: @properties

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