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4 Flat 3212 Clifton Chi Lake View Chicago IL Mu

City: CHICAGO ZIP: 60657

Built In: 1900

Lot Size: .50-.99 Acre

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $2100

Unit 2 Floor 1: 3 bedrooms 1 baths $2085

Unit 3 Floor 2: 2 bedrooms 1 baths $1855

Unit 4 Floor 3: 1 bedrooms 1 baths $2400

Detailed Listing Description

View our virtual 3D tour! Lakeview legal 4 unit investment property. 3 units in the Front plus coach house in the back with a Value add component to this already high income earning building. Grossing over 100k annually. 6% plus capitalization rate. Various updates to all units. Too many to list here.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
  • Tenant Pays Unit 4Electric,
Appliances
  • Appliances Unit 1Refrigerator, Dishwasher, Cooktop,
  • Appliances Unit 2Refrigerator, Dishwasher, Cooktop,
  • Appliances Unit 3Refrigerator, Dishwasher, Cooktop,
  • Appliances Unit 4Refrigerator, Dishwasher, Cooktop,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 33% more than other 4 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 28% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $101,280 Monthly $8,440
Rental Income Stabilized : Annual $98,676 Monthly $8,223
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,224,9004$306,2255.35%12.090.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,440$8,223
Year Total$101,280$98,676
Expense
Total$35,710$35,710
Net Operating Income$65,570$62,966
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14821 $41038 $55859 $4655
Total         $14,821 $41,038 $55,859   $9,711 $14,821 $24,532
Stabilized         $14,821 $41,038 $55,859   $7,107 $14,821 $21,928
Custom         $14821 $41038 $55859   $7107 $14821 $21928




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1918,6754,6551,2103,4451,2103,4454,655
2917,4654,6551,2153,4402,4246,8869,310
3916,2514,6551,2193,4363,64410,32113,965
4915,0314,6551,2243,4314,86713,75318,620
5913,8084,6551,2283,4276,09517,18023,275
6912,5804,6551,2333,4227,32820,60227,930
7911,3474,6551,2373,4188,56624,01932,585
8910,1094,6551,2423,4139,80827,43237,240
9908,8674,6551,2473,40811,05530,84041,895
10907,6204,6551,2513,40412,30634,24446,550
11906,3694,6551,2563,39913,56237,64351,205
12905,1134,6551,2613,39414,82341,03755,860
13903,8524,6551,2663,38916,08844,42760,515

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Listing Agent: James Sheehan
Listing Office: Dream Town Realty
2664 N. Southport Chicago

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