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3 Flat 1527 Bell West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: K

Lot Dimensions: 37.5X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $2100

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Unit 3 Floor 3: 3 bedrooms 1 baths $2100

Detailed Listing Description

Beautiful Victorian 3 Flat located in booming Wicker Park. All brick and features original oak fireplaces, built-ins and window/door trim. Family owned for several generations. Well managed and maintained. Large 3 bedroom apartments and can accommodate easy upgrade to HVAC and washer & dryer in each apartment. 1st floor easily duplexed down to partially finished basement for future owners unit. Zoned RT4 with 37.5 foot wide lot! 3 car garage, back wood decks and concrete pad in rear. Updates include vinyl windows throughout, building roof partially replaced 5-7 yrs ago, garage roof 2 yrs old, updated electric 2010, hot water heater, boiler, Hardwood floors through living areas. Coin laundry and storage in basement. All leases month to month. Seller offering in as-is condition.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,E,S
  • Appliances Unit 2A,B,E,S
  • Appliances Unit 3A,B,E,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 25% 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 31% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $75,600 Monthly $6,300
Rental Income Stabilized : Annual $71,580 Monthly $5,965
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,149,0003$383,0003.74%15.200.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,300$5,965
Year Total$75,600$71,580
Expense
Total$32,666$32,666
Net Operating Income$42,934$38,914
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13902 $38495 $52397 $4367
Total         $13,902 $38,495 $52,397   $-9,463 $13,902 $4,439
Stabilized         $13,902 $38,495 $52,397   $-13,483 $13,902 $419
Custom         $13902 $38495 $52397   $-13483 $13902 $419




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1861,7504,3671,1353,2321,1353,2324,367
2860,6154,3671,1403,2272,2756,4598,734
3859,4754,3671,1443,2233,4199,68213,101
4858,3314,3671,1483,2194,56712,90117,468
5857,1834,3671,1533,2145,72016,11521,835
6856,0304,3671,1573,2106,87719,32526,202
7854,8734,3671,1613,2068,03822,53130,569
8853,7124,3671,1663,2019,20425,73234,936
9852,5464,3671,1703,19710,37428,92939,303
10851,3764,3671,1743,19311,54832,12243,670
11850,2024,3671,1793,18812,72735,31048,037
12849,0234,3671,1833,18413,91038,49452,404
13847,8404,3671,1883,17915,09741,67456,771

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Listing Agent: Paul Fasold
Listing Office: RE/MAX 10 Lincoln Park
2127 Leland Chicago

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