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4 Flat 4827 Monticello Albany Park Chicago IL Mu

City: CHICAGO ZIP: 60625

Built In: 1910

Lot Size: Less Than .25 Acre

Lot Dimensions: 36X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 1 bedrooms 1 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

Fantastic opportunity to own this beautiful brick 4 unit building located in desirable Albany Park. All of the units have been completely renovated and are ready for new occupants. The spacious, open concept apartments feature a LR/DR combo with refinished hardwood floors, new kitchens, bathrooms, SS appliances including washers and dryers. The units also feature all new plumbing, electric, HVAC, water heaters and windows. There's private parking in the rear for 4+ vehicles. Great location, close to the CTA's brown line, commuter bus, and expressways. Parks and CPS schools are also within a few minutes walking distance. Bring your buyers!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces4
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 3Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 4Electric, Gas, Heat, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 6% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 27% more than other 4 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $48,816 Monthly $4,068
Rental Income Stabilized : Annual $61,020 Monthly $5,085
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$790,0004$197,5003.54%16.180.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,068$5,085
Year Total$48,816$61,020
Expense
Total$20,852$20,852
Net Operating Income$27,964$40,168
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9559 $26467 $36026 $3003
Total         $9,559 $26,467 $36,026   $-8,062 $9,559 $1,497
Stabilized         $9,559 $26,467 $36,026   $4,142 $9,559 $13,701
Custom         $9559 $26467 $36026   $4142 $9559 $13701




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1592,5003,0037812,2227812,2223,003
2591,7193,0037842,2191,5654,4416,006
3590,9353,0037872,2162,3526,6579,009
4590,1483,0037902,2133,1428,87012,012
5589,3583,0037932,2103,93511,08015,015
6588,5653,0037962,2074,73113,28718,018
7587,7693,0037992,2045,53015,49121,021
8586,9703,0038022,2016,33217,69224,024
9586,1683,0038052,1987,13719,89027,027
10585,3633,0038082,1957,94422,08630,030
11584,5563,0038112,1928,75524,27833,033
12583,7453,0038142,1899,56926,46736,036
13582,9313,0038172,18610,38628,65339,039

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Listing Agent: Victor Jimenez
Listing Office: Homesmart Connect LLC
3012 N. Kenneth Ave Chicago

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