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2 Flat 3021 Racine Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: 1876

Lot Size: A

Lot Dimensions: 2904

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $1750

Unit 2 Floor 2: 3 bedrooms 2 baths $2700

Detailed Listing Description

Ever wanted a front yard in Lakeview? How about a second floor deck directly off your kitchen? This two-flat in south central Lakeview sits near the rear lot line, but leaves room for three parking spots off the alley. 3021 Racine is an excellent owner-occupant candidate. Live in the 2nd to 3rd floor 3 Bed/2 Bath duplex and rent out the 2 Bed / 2 Bath first floor to pay the bank. There's even a full length basement for storage and laundry. Download or request an offering memorandum for more information!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
Appliances
  • Appliances Unit 1A,B,E,G,I,S,U
  • Appliances Unit 2A,B,E,G,I,S,T
Schools
  • 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 20% more than other 2 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 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $53,400 Monthly $4,450
Rental Income Stabilized : Annual $63,636 Monthly $5,303
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$695,0002$347,5004.44%13.010.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,450$5,303
Year Total$53,400$63,636
Expense
Total$22,564$22,564
Net Operating Income$30,836$41,072
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8409 $23285 $31694 $2642
Total         $8,409 $23,285 $31,694   $-858 $8,409 $7,551
Stabilized         $8,409 $23,285 $31,694   $9,378 $8,409 $17,787
Custom         $8409 $23285 $31694   $9378 $8409 $17787




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1521,2502,6426871,9556871,9552,642
2520,5632,6426901,9521,3773,9075,284
3519,8732,6426921,9502,0705,8567,926
4519,1802,6426951,9472,7657,80310,568
5518,4852,6426981,9443,4629,74813,210
6517,7882,6427001,9424,16311,68915,852
7517,0872,6427031,9394,86613,62818,494
8516,3842,6427061,9365,57115,56521,136
9515,6792,6427081,9346,27917,49923,778
10514,9712,6427111,9316,99019,43026,420
11514,2602,6427141,9287,70421,35829,062
12513,5462,6427161,9268,42023,28431,704
13512,8302,6427191,9239,13925,20734,346

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Listing Agent: Thomas Hart
Listing Office: 33 Realty
3024 N. Racine Avenue, unit 2 Chicago

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