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3 Flat 1916 Fletcher North Center Chicago IL Mu I

City: CHICAGO ZIP: 60657

Built In: 1908

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1550

Unit 2 Floor 2: 2 bedrooms 1 baths $1350

Unit 3 Floor C: 2 bedrooms 2 baths $1950

Gross Income $72,600

Net Op. Income $54,853

Detailed Listing Description

Great Roscoe Village Investment or tenants for income and your own private home. 2 1/2 Story Front building 2 Apts and additional living space in basement. 2 story Coach House in the rear with a 2 car garage. Nice yard space as well. Both buildings underwent significant updating aprox 10 yrs ago. Kitchens, Baths,interior plumbing and electric ,drywall. Granite . CH duplex with 2 beds/ 2 baths. Master bed is huge with room for an office /nursery. W/D, Nice sun room. Front Building under went the same up dating. Both Apts 2 bed 1 ba nice layout. Laundry in Base.Huge unfinished Attic offers additional potential to the property.Hard to find properties like this.. Room for improving the income. Great location School, parks steps away.1 bed basement living space $900 additional income. Neither Seller nor Broker represent the legality of the space.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), 7 Foot or more high garage door,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • 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, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
Schools
  • Grade SchoolJAHN ELEMENTARY SCHOOL
  • Grade School District299
  • 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 8% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 27% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,200 Monthly $4,850
Rental Income Stabilized : Annual $66,972 Monthly $5,581
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$999,0003$333,0003.29%17.160.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,850$5,581
Year Total$58,200$66,972
Expense
Total$25,336$25,336
Net Operating Income$32,864$41,636
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12088 $33469 $45557 $3797
Total         $12,088 $33,469 $45,557   $-12,693 $12,088 $-605
Stabilized         $12,088 $33,469 $45,557   $-3,921 $12,088 $8,167
Custom         $12088 $33469 $45557   $-3921 $12088 $8167




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1749,2503,7979872,8109872,8103,797
2748,2633,7979912,8061,9785,6167,594
3747,2723,7979952,8022,9738,41811,391
4746,2773,7979982,7993,97211,21615,188
5745,2783,7971,0022,7954,97414,01118,985
6744,2763,7971,0062,7915,98016,80222,782
7743,2703,7971,0102,7876,98919,59026,579
8742,2613,7971,0142,7838,00322,37330,376
9741,2473,7971,0172,7809,02025,15334,173
10740,2303,7971,0212,77610,04127,92937,970
11739,2093,7971,0252,77211,06630,70141,767
12738,1843,7971,0292,76812,09533,46945,564
13737,1553,7971,0332,76413,12836,23349,361

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Listing Agent: Allen Johnson
Listing Office: Menard Johnson & Associates
2200 W Roscoe Chicago

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