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4 Flat 721 Buckingham Lake View Chicago IL Mu Inv

City: CHICAGO ZIP: 60657

Built In: 2011

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 4 bedrooms 3 baths $4800

Unit 2 Floor 2: 2 bedrooms 2 baths $3000

Unit 3 Floor 3: 2 bedrooms 2 baths $2900

Unit 4 Floor 4: 2 bedrooms 2 baths $3600

Gross Income $14,300

Detailed Listing Description

Highly upgraded 4-unit building in the heart of East Lakeview on one the best tree-lined streets to walk-to-everything. This all brick building was built in 2011 by quality developer Jasper Construction. Building has excellent income and amazing investment. Unit 1 is a duplex down 4 bedroom, 3 baths. Unit 2 and unit 3 are 2-bedroom 2 bath simplexes. Unit 4 is a top floor 2-bedroom, 2 bathrooms with interior stairs to private roof deck. All units feature custom cabinets, granite kitchen, super high-end appliances with Wolf and Sub-Zero. Stone bathrooms. Master bathrooms feature throughout double bowl vanity, separate tub and huge walk-in shower and heated floors. Organized closets throughout. Hardwood floors throughout. Finished Roof top with pergola and an amazing south view of the city skyline. Easy to maintain and easy to keep rented with all high-end and upgraded finishes. 2 car attached garage plus 2 car exterior parking. Crazy good investment!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces2
  • 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,
  • Tenant Pays Unit 4Electric, Gas, Heat, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
Schools
  • Grade SchoolNETTELHORST ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolNETTELHORST ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • 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 28% 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 39% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $171,600 Monthly $14,300
Rental Income Stabilized : Annual $157,224 Monthly $13,102
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$2,350,0004$587,5004.96%13.690.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$14,300$13,102
Year Total$171,600$157,224
Expense
Total$54,999$54,999
Net Operating Income$116,601$102,225
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $28434 $78731 $107165 $8931
Total         $28,434 $78,731 $107,165   $9,436 $28,434 $37,870
Stabilized         $28,434 $78,731 $107,165   $-4,940 $28,434 $23,494
Custom         $28434 $78731 $107165   $-4940 $28434 $23494




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,762,5008,9312,3226,6092,3226,6098,931
21,760,1788,9312,3306,6014,65213,21017,862
31,757,8488,9312,3396,5926,99119,80226,793
41,755,5098,9312,3486,5839,33926,38535,724
51,753,1618,9312,3576,57411,69632,95944,655
61,750,8048,9312,3656,56614,06139,52553,586
71,748,4398,9312,3746,55716,43546,08262,517
81,746,0658,9312,3836,54818,81952,62971,448
91,743,6818,9312,3926,53921,21159,16880,379
101,741,2898,9312,4016,53023,61265,69889,310
111,738,8888,9312,4106,52126,02272,21998,241
121,736,4788,9312,4196,51228,44178,731107,172
131,734,0598,9312,4286,50330,87085,233116,103

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Listing Agent: Pasquale Recchia
Listing Office: @properties
1255 S. State St. #916 Chicago

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