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4 Flat 834 Marshfield West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60622

Built In: 1905

Lot Size: Less Than .25 Acre

Lot Dimensions: 3120

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 2: 2 bedrooms 1 baths $OWN

Unit 3 Floor 3: 2 bedrooms 1 baths $900

Unit 4 Floor 5: 3 bedrooms 2 baths $OWN

Detailed Listing Description

Amazing investor opportunity in the Heart of East Village! Brick 3-Flat with 3-Bedroom Coach House in back. Building has vinyl windows, wood floors underneath, building is vented with HVAC units for each apartment. Coach House has NEW electrical and plumbing, central air conditioning and forced heat, tankless water heater and full size washer and dryer. Some work has been done but needs the right person to remodel it and make it a money maker. Restaurants, public transportation, nightlife in the walk-able surrounding area. This location can't be beat, don't miss out on this Great Opportunity. BUILDING SOLD "AS IS" GUT REHAB--NEEDS THE RIGHT INVESTOR/CONTRACTOR.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher,
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 22% more than other 4 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 27% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $41,124 Monthly $3,427
Rental Income Stabilized : Annual $63,144 Monthly $5,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$759,0004$189,7501.68%18.460.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,427$5,262
Year Total$41,124$63,144
Expense
Total$28,341$28,341
Net Operating Income$12,783$34,803
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9184 $25429 $34613 $2885
Total         $9,184 $25,429 $34,613   $-21,830 $9,184 $-12,646
Stabilized         $9,184 $25,429 $34,613   $190 $9,184 $9,374
Custom         $9184 $25429 $34613   $190 $9184 $9374




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1569,2502,8857502,1357502,1352,885
2568,5002,8857532,1321,5034,2675,770
3567,7472,8857562,1292,2596,3968,655
4566,9912,8857592,1263,0188,52211,540
5566,2322,8857622,1233,78010,64514,425
6565,4702,8857642,1214,54412,76617,310
7564,7062,8857672,1185,31214,88320,195
8563,9382,8857702,1156,08216,99823,080
9563,1682,8857732,1126,85519,11025,965
10562,3952,8857762,1097,63121,21928,850
11561,6192,8857792,1068,41023,32531,735
12560,8402,8857822,1039,19225,42834,620
13560,0582,8857852,1009,97727,52837,505

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Listing Agent: Aaron Kramer
Listing Office: RE/MAX Premier
1506 W Grand Ave. #2W Chicago

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