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3 Flat 1244 Huron Chi West Town Chicago IL Mu I

City: CHICAGO ZIP: 60642

Built In: 2017

Lot Size: Less Than .25 Acre

Lot Dimensions: 24X92

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $3500

Unit 2 Floor 2: 3 bedrooms 2 baths $3200

Unit 3 Floor 3: 3 bedrooms 2 baths $3300

Gross Income $12,000

Net Op. Income $93,600

Detailed Listing Description

Leigh Marcus presents this amazing River West new construction multiunit investment opportunity! The three spacious units offer gorgeous kitchens with upgraded stainless steel appliances, white cabinetry, gold hardware, quartz countertops and center island with seating for two. Stylish light hardwood floors & light fixtures, high ceilings, and well appointed bedrooms. Designer inspired bathrooms with great cabinet space & marble tile. All units have a spacious deck and laundry in unit! Unit 1 is a duplex down with 2nd living space/family room. 2 exterior parking spaces available.

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,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors, Walk-In Closet,
Schools
  • 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 52% 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 82% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $120,000 Monthly $10,000
Rental Income Stabilized : Annual $131,220 Monthly $10,935
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,590,0003$530,0006.61%13.250.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$10,000$10,935
Year Total$120,000$131,220
Expense
Total$14,864$14,864
Net Operating Income$105,136$116,356
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $19238 $53269 $72507 $6043
Total         $19,238 $53,269 $72,507   $32,629 $19,238 $51,867
Stabilized         $19,238 $53,269 $72,507   $43,849 $19,238 $63,087
Custom         $19238 $53269 $72507   $43849 $19238 $63087




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,192,5006,0431,5714,4721,5714,4726,043
21,190,9296,0431,5774,4663,1488,93812,086
31,189,3526,0431,5834,4604,73113,39818,129
41,187,7696,0431,5894,4546,32017,85224,172
51,186,1806,0431,5954,4487,91522,30030,215
61,184,5856,0431,6014,4429,51626,74236,258
71,182,9846,0431,6074,43611,12231,17942,301
81,181,3786,0431,6134,43012,73535,60948,344
91,179,7656,0431,6194,42414,35440,03354,387
101,178,1466,0431,6254,41815,97944,45160,430
111,176,5216,0431,6314,41217,61048,86366,473
121,174,8906,0431,6374,40619,24753,26972,516
131,173,2536,0431,6434,40020,89157,66878,559

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Listing Agent: Leigh Marcus
Listing Office: @properties
3330 N Hamilton Chicago

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