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3 Flat 4637 Monticello Albany Park Chicago IL Mu

City: CHICAGO ZIP: 60625

Built In: 1919

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 1 baths $OWN

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Detailed Listing Description

Bring your buyers to this Albany Park gem! True 3 unit can be investment or owner occupant property. 3 bedrooms in each unit with possible 4th tandem bedroom or walk in closet, large closets in each bedroom, hardwood floors throughout, 42 inch cabinets, stainless steel appliances, marble countertops, jacuzzi and electric/gas fireplace. 1st unit has cherry cabinets and cherry hardwood floors. Each unit has its own Central air/furnace unit; Generous sized storage area for each unit, which includes each units own private laundry area as well. Smart water meters installed for each unit; sensor lights throughout building; 6 parking spaces in the rear, two spaces per unit. Close to public transportation, Brown Line, junior high school, park, shopping. Excellent potential as investment and/or condo conversions!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces6
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
  • Tenant Pays Unit 3All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas,
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 7% more than other 3 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 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,028 Monthly $2,669
Rental Income Stabilized : Annual $57,300 Monthly $4,775
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0003$233,0001.93%21.820.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,669$4,775
Year Total$32,028$57,300
Expense
Total$18,571$18,571
Net Operating Income$13,457$38,729
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-18,420 $8,458 $-9,962
Stabilized         $8,458 $23,419 $31,877   $6,852 $8,458 $15,310
Custom         $8458 $23419 $31877   $6852 $8458 $15310




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Teresa Ramirez
Listing Office: Chicago Premier Realty, Inc.
4415 W. Fullerton Chicago

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