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3 Flat 1527 Bell Chi West Town Chicago IL Mu In

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: Oversized Chicago Lot

Lot Dimensions: 37.5X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $0

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 5-7 yrs old, garage roof 2 yrs old, updated electric 2010, hot water heaters, boiler, Hardwood floors throughout. Coin laundry and storage in basement. All leases month to month.

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces3
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Hardwood Floors,
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 35% 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 42% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $50,400 Monthly $4,200
Rental Income Stabilized : Annual $71,580 Monthly $5,965
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,237,0003$412,3331.67%24.540.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,200$5,965
Year Total$50,400$71,580
Expense
Total$29,756$29,756
Net Operating Income$20,644$41,824
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14967 $41443 $56410 $4701
Total         $14,967 $41,443 $56,410   $-35,766 $14,967 $-20,799
Stabilized         $14,967 $41,443 $56,410   $-14,586 $14,967 $381
Custom         $14967 $41443 $56410   $-14586 $14967 $381




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1927,7504,7011,2223,4791,2223,4794,701
2926,5284,7011,2273,4742,4486,9549,402
3925,3024,7011,2313,4703,68010,42314,103
4924,0704,7011,2363,4654,91513,88918,804
5922,8354,7011,2403,4616,15617,34923,505
6921,5944,7011,2453,4567,40120,80528,206
7920,3494,7011,2503,4518,65024,25732,907
8919,1004,7011,2543,4479,90527,70337,608
9917,8454,7011,2593,44211,16431,14542,309
10916,5864,7011,2643,43712,42834,58247,010
11915,3224,7011,2693,43213,69638,01551,711
12914,0544,7011,2733,42814,96941,44356,412
13912,7814,7011,2783,42316,24844,86561,113

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Listing Agent: Michael Michalak
Listing Office: RE/MAX 10 Lincoln Park
346 W 33rd St Chicago

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