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4 Flat 900 Newport Chi Lake View Chicago IL Mu

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X118

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $1600

Unit 2 Floor 1: 4 bedrooms 1 baths $2800

Unit 3 Floor 2: 4 bedrooms 1 baths $2600

Unit 4 Floor 3: 4 bedrooms 2 baths $3440

Detailed Listing Description

Gorgeous legal three flat plus garden apartment in an awesome Lakeview/Wrigleyville location. This is a fully rented, turn-key investment opportunity. The recently updated units offer central heat and air,and hardwood floors on upper units. There is coin operated laundry in the basement as well as a two car garage for additional rental income. Great ceiling height throughout. Amazing location just steps from Wrigley Field, the lake, public transportation, fab nightlife, and great dining. Nettelhorst School!

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Tenant Pays Unit 4Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Central Air Conditioner,
  • Appliances Unit 4Stove, Refrigerator, Central Air Conditioner,
Schools
  • Grade SchoolNETTELHORST ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolNETTELHORST ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 30% 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 24% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $125,280 Monthly $10,440
Rental Income Stabilized : Annual $125,856 Monthly $10,488
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,290,0004$322,5006.65%10.300.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$10,440$10,488
Year Total$125,280$125,856
Expense
Total$39,438$39,438
Net Operating Income$85,842$86,418
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15608 $43219 $58827 $4903
Total         $15,608 $43,219 $58,827   $27,015 $15,608 $42,623
Stabilized         $15,608 $43,219 $58,827   $27,591 $15,608 $43,199
Custom         $15608 $43219 $58827   $27591 $15608 $43199




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1967,5004,9031,2753,6281,2753,6284,903
2966,2254,9031,2803,6232,5557,2519,806
3964,9454,9031,2843,6193,83910,87014,709
4963,6614,9031,2893,6145,12814,48419,612
5962,3724,9031,2943,6096,42218,09324,515
6961,0784,9031,2993,6047,72121,69729,418
7959,7794,9031,3043,5999,02525,29634,321
8958,4754,9031,3093,59410,33428,89039,224
9957,1664,9031,3143,58911,64732,48044,127
10955,8534,9031,3193,58412,96636,06449,030
11954,5344,9031,3233,58014,29039,64353,933
12953,2104,9031,3283,57515,61843,21858,836
13951,8824,9031,3333,57016,95146,78863,739

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Listing Agent: Emily Sachs Wong
Listing Office: @properties
2246 N Burling Chicago

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