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4 Flat 1740 North West Town Chicago IL Mu Investm

City: CHICAGO ZIP: 60622

Built In: 1885

Lot Size: Less Than .25 Acre

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 R-T4

Additional Property Details

Garage & Parking
  • Gargage DetailsNone/NA,
  • 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, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • Appliances Unit 4Stove, Refrigerator,
  • 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 3% 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 8% 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,950$6,807
Year Total$47,400$81,684
Net Operating Income$21,210$55,494
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $11495 $31828 $43323 $3611
Total         $11,495 $31,828 $43,323   $-22,113 $11,495 $-10,618
Stabilized         $11,495 $31,828 $43,323   $12,171 $11,495 $23,666
Custom         $11495 $31828 $43323   $12171 $11495 $23666

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Edgar Pedraza
Listing Office: Pedraza Realty, Inc
7375 N Damen Avenue - 3G Chicago

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