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4 Flat 3238 Whipple Avondale Chicago IL Mu Invest

City: CHICAGO ZIP: 60618

Built In: 1906

Lot Size: Less Than .25 Acre

Lot Dimensions: 24X125

Lot Description: Fenced Yard,

# of Units: 4

Unit 1 Floor G: 1 bedrooms 1 baths $820

Unit 2 Floor 1: 2 bedrooms 2 baths $1365

Unit 3 Floor 2: 2 bedrooms 2 baths $1350

Unit 4 Floor 3: 1 bedrooms 2 baths $1085

Gross Income $55,649

Net Op. Income $45,176

Detailed Listing Description

Live rent free. Live in one unit, while other units pay your mortgage. Fully occupied. Well maintained 4 flat, comes with two 2-cars garages. Close to transportation: easy access to HWY 90. Short walk to CTA Belmont station. The building consists of: ground floor unit 1bed/1bath; 1st floor unit 2bed/2bath; 2nd floor unit 2bed/2bath; 3rd floor spacious unit 1bed/2bath. In-units washer and dryer. Top floor unit features living room with cathedral ceilings. Rare find to have units with 2 full bathrooms, and in unit washers and dryers. Must see two appreciate.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Tenant Pays Unit 4Electric, Gas,
  • Appliances Unit 1Stove, Refrigerator, Microwave,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Garage/Space, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Garage/Space, Cathedral Ceilings,
  • Grade School District299
  • Jr High/Middle School District299
  • 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 $55,440 Monthly $4,620
Rental Income Stabilized : Annual $76,248 Monthly $6,354
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,620$6,354
Year Total$55,440$76,248
Net Operating Income$37,775$58,583
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $5,898 $8,458 $14,356
Stabilized         $8,458 $23,419 $31,877   $26,706 $8,458 $35,164
Custom         $8458 $23419 $31877   $26706 $8458 $35164

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Svetlana Kushnareva
Listing Office: Kale Realty
540 N Dearborn Unit 10727 Chicago

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