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3 Flat 4481 Keokuk Chi Irving Park Chicago IL M

City: CHICAGO ZIP: 60630

Built In: 1921

Lot Size: Standard Chicago Lot

Lot Dimensions: 25 X 125

Lot Description: Fenced Yard,

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1100

Unit 2 Floor 1: 2 bedrooms 1 baths $1550

Unit 3 Floor 2: 2 bedrooms 1 baths $1475

Detailed Listing Description

Beautiful 2-flat, recently renovated from top to bottom in the heart of Mayfair & Old Irving Park area! Many new upgrades include: Rheem HVAC systems~water heaters~custom cabinets~quartz counter tops~3 sets of black stainless appliances & washer/dryer sets on all 3 floors~dark hardwood floors~windows~tuck pointing & more! All units currently rented. Also, includes a 2 BR, 1 BA garden unit with a front and rear entrance! 1st Floor and Garden unit share utilities, tenants are willing to renew. Both garage spaces are also rented. Great income potential. Occupied units need 24 hour notice

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2None,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Garage/Space, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Garage/Space, Walk-In Closet,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60630

Listings in this Zip Code average: 2 to 3 units, and are priced at $387,305 to $445,558
This listing is 26% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $49,500 Monthly $4,125
Rental Income Stabilized : Annual $50,640 Monthly $4,220
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$559,9003$186,6335.13%11.310.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,125$4,220
Year Total$49,500$50,640
Expense
Total$20,757$20,757
Net Operating Income$28,743$29,883
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6775 $18759 $25534 $2128
Total         $6,775 $18,759 $25,534   $3,209 $6,775 $9,984
Stabilized         $6,775 $18,759 $25,534   $4,349 $6,775 $11,124
Custom         $6775 $18759 $25534   $4349 $6775 $11124




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1419,9252,1285531,5755531,5752,128
2419,3722,1285551,5731,1093,1474,256
3418,8162,1285571,5711,6664,7186,384
4418,2592,1285601,5682,2266,2868,512
5417,6992,1285621,5662,7877,85310,640
6417,1382,1285641,5643,3519,41712,768
7416,5742,1285661,5623,91710,97914,896
8416,0082,1285681,5604,48512,53917,024
9415,4402,1285701,5585,05514,09719,152
10414,8702,1285721,5565,62715,65321,280
11414,2982,1285741,5546,20217,20623,408
12413,7232,1285771,5516,77818,75825,536
13413,1472,1285791,5497,35720,30727,664

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Listing Agent: Daniel Nierman
Listing Office: 4 Sale Realty Advantage
1335 Locust Court Grayslake

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