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4 Flat 3042 Gunnison Albany Park Chicago IL Mu In

City: CHICAGO ZIP: 60625

Built In: 1917

Lot Size: A

Lot Dimensions: 34 X 125

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $625

Unit 2 Floor 1: 2 bedrooms 1 baths $850

Unit 3 Floor 2: 2 bedrooms 1 baths $1000

Unit 4 Floor 3: 2 bedrooms 1 baths $850

Gross Income $49,200

Detailed Listing Description

Fully rented and generating a total of $48,000 per year!! Property is on extra wide lot! Must see this solid brick legal 3 unit building + additional garden unit. Current markets slightly below rent. Potential income with market rents could increase to $54,900!

Additional Property Details

Garage & Parking
  • Gargage DetailsG
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG,S
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • 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: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 23% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 8% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,900 Monthly $3,325
Rental Income Stabilized : Annual $67,764 Monthly $5,647
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$574,9004$143,7252.19%14.410.98%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,325$5,647
Year Total$39,900$67,764
Expense
Total$27,288$27,288
Net Operating Income$12,612$40,476
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6956 $19261 $26217 $2185
Total         $6,956 $19,261 $26,217   $-13,605 $6,956 $-6,649
Stabilized         $6,956 $19,261 $26,217   $14,259 $6,956 $21,215
Custom         $6956 $19261 $26217   $14259 $6956 $21215




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1431,1752,1855681,6175681,6172,185
2430,6072,1855701,6151,1383,2324,370
3430,0372,1855721,6131,7114,8446,555
4429,4642,1855751,6102,2856,4558,740
5428,8902,1855771,6082,8628,06310,925
6428,3132,1855791,6063,4419,66913,110
7427,7342,1855811,6044,02211,27315,295
8427,1532,1855831,6024,60512,87517,480
9426,5702,1855851,6005,19014,47519,665
10425,9852,1855881,5975,77816,07221,850
11425,3972,1855901,5956,36817,66724,035
12424,8072,1855921,5936,96019,26026,220
13424,2152,1855941,5917,55420,85128,405

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Listing Agent: Ryan Casper
Listing Office: d'aprile properties
1732 W Hubbard #2A Chicago

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