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4 Flat 2004 Edmaire Morgan Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60643

Built In: 1924

Lot Size: Less Than .25 Acre

Lot Dimensions: 50 X 130

# of Units: 4

Unit 1 Floor B: 2 bedrooms 1 baths $0.00

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Beautiful Brick multiunit building close to Metra, shopping and schools. Each unit has a flexible floor plan arrangement with one of the 2 bedrooms in the unit a poitential dining room instead. Newer Replacement Windows,Individual Heat and outside intercoms All Apts. Have Modern Kitchen Cabinets and Sinks, Extra Janitor Garden Apt. Newer Electric Circuit Breakers,Ceiling Fans in Each Apt. 1 Coin Op Washer & 1 Coin-Op Dryer. Property needs porch repair or replacement, building code violation

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • 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
  • Appliances Unit 1Central Air Conditioner,
  • Appliances Unit 2Central Air Conditioner,
  • Appliances Unit 3Central Air Conditioner,
  • Appliances Unit 4Central Air Conditioner,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60643

Listings in this Zip Code average: 2 to 3 units,

Neighborhood Comparison:
CHI - Morgan Park

Listings in this Neighborhood average: 2 to 3 units,

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $34,502 Monthly $2,875
Rental Income Stabilized : Annual $43,128 Monthly $3,594
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$199,9004$49,9757.67%5.791.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,875$3,594
Year Total$34,502$43,128
Expense
Total$19,172$19,172
Net Operating Income$15,330$23,956
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2419 $6698 $9117 $760
Total         $2,419 $6,698 $9,117   $6,213 $2,419 $8,632
Stabilized         $2,419 $6,698 $9,117   $14,839 $2,419 $17,258
Custom         $2419 $6698 $9117   $14839 $2419 $17258




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1149,925760198562198562760
2149,7277601995613961,1241,520
3149,5297601995615961,6842,280
4149,3297602005607962,2443,040
5149,1297602015599962,8043,800
6148,9297602025581,1983,3624,560
7148,7277602025581,4003,9205,320
8148,5257602035571,6034,4776,080
9148,3227602045561,8075,0336,840
10148,1187602055552,0125,5887,600
11147,9137602055552,2176,1438,360
12147,7087602065542,4236,6979,120
13147,5027602075532,6307,2509,880

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Listing Agent: Barbara Thouvenell
Listing Office: P.R.S. Associates, Inc.
2322 W 109th St Chicago

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