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4 Flat 1740 North West Town Chicago IL Mu Investm

City: CHICAGO ZIP: 60622

Built In: 1885

Lot Size: A

Lot Dimensions: 24X124

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $1075

Unit 2 Floor 1: 2 bedrooms 1 baths $950

Unit 3 Floor 2: 2 bedrooms 1 baths $975

Unit 4 Floor 2: 1 bedrooms 1 baths $950

Gross Income $47,400

Detailed Listing Description

Location Location- one of the most desired locations in Chicago Rarely available Wicker park 4 flat with huge upward potential. Zoned C1-2 for business potential- Retail storefront, liquor store, warehouse, auto shop, with apartments above For sale separate or as a Portfolio with : 2102 w roscoe zoned B1-2 1731 w Potomac zoned RS-3

Additional Property Details

Garage & Parking
  • Gargage DetailsN
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 18% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 23% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $47,400 Monthly $3,950
Rental Income Stabilized : Annual $81,684 Monthly $6,807
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0004$199,7501.75%16.860.85%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,950$6,807
Year Total$47,400$81,684
Expense
Total$33,390$33,390
Net Operating Income$14,010$48,294
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-22,427 $9,668 $-12,759
Stabilized         $9,668 $26,769 $36,437   $11,857 $9,668 $21,525
Custom         $9668 $26769 $36437   $11857 $9668 $21525




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: Edgar Pedraza
Listing Office: Mid-American LLC

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.