Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









4 Flat 3457 Avers Avondale Chicago IL Mu Investme

City: CHICAGO ZIP: 60618

Built In: 1920

Lot Size: Oversized Chicago Lot

Lot Dimensions: 48.9'X125.4'

Lot Description: Corner,

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1150

Unit 2 Floor 2: 2 bedrooms 1 baths $1225

Unit 3 Floor 1: 2 bedrooms 1 baths $1390

Unit 4 Floor 2: 2 bedrooms 1 baths $1495

Gross Income $63,120

Detailed Listing Description

Avondale 4 Unit on a Corner Double Lot - Clean, updated center entrance 4 flat. Easily rented apartments offer a short walk to the Blue Line el (stops at Addison St or Irving Park Rd) or Metra (at Irving Park Rd). This income producing building has a lot of its original character intact, including hardwood flooring, crown moldings, built-ins, french doors, and some updated kitchens and baths. All units have walk-in kitchen pantry. One unit has in-unit laundry. Windows, gutters, and down spouts replaced within last 15 years. Nice large yard on a double lot. All apartments are 5 room, 2 bedrooms, 1 bathrooms plus enclosed sun porches.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
  • Tenant Pays Unit 4Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
Schools
  • Grade SchoolREILLY ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolREILLY ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 14% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 5% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $63,120 Monthly $5,260
Rental Income Stabilized : Annual $70,392 Monthly $5,866
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$700,0004$175,0004.80%11.090.84%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,260$5,866
Year Total$63,120$70,392
Expense
Total$29,526$29,526
Net Operating Income$33,594$40,866
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8470 $23452 $31922 $2661
Total         $8,470 $23,452 $31,922   $1,672 $8,470 $10,142
Stabilized         $8,470 $23,452 $31,922   $8,944 $8,470 $17,414
Custom         $8470 $23452 $31922   $8944 $8470 $17414




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1525,0002,6616921,9696921,9692,661
2524,3082,6616951,9661,3873,9355,322
3523,6132,6616971,9642,0855,8987,983
4522,9152,6617001,9612,7857,85910,644
5522,2152,6617031,9583,4879,81813,305
6521,5132,6617051,9564,19311,77315,966
7520,8072,6617081,9534,90113,72618,627
8520,0992,6617111,9505,61115,67721,288
9519,3892,6617131,9486,32517,62423,949
10518,6752,6617161,9457,04019,57026,610
11517,9602,6617191,9427,75921,51229,271
12517,2412,6617211,9408,48023,45231,932
13516,5202,6617241,9379,20525,38834,593

Explore Nearby Neighborhoods

North CenterNearby Neighborhoods X Plus Real Estate

North Center

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Listing Agent: Matthew Shrake
Listing Office: Coldwell Banker Residential
1052 West Wellington Avenue Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.