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4 Flat 3804 Leland Albany Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60625

Built In: 1932

Lot Size: A

Lot Dimensions: 4625

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 1: 2 bedrooms 1 baths $900

Unit 3 Floor 2: 2 bedrooms 1 baths $1350

Unit 4 Floor 2: 2 bedrooms 1 baths $1150

Detailed Listing Description

STATELY, ALL BRICK, TRUE 4 FLAT ON CORNER LOT! LONG TIME OWNER IS RETIRING. RENTS ARE ALL WELL BELOW MARKET. INDIVIDUAL FORCED AIR IN EACH UNIT KEEPS EXPENSES LOW. PERMITTED NEW PORCH JUST INSTALLED. 2 CAR GARAGE PLUS 1 EXTERIOR PARKING SPACE. NO SIGN ON PROPERTY. COMPLETE REMODEL OF UNIT 2W JUST COMPLETED!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces1
  • 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,E,F
  • 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 16% 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 0% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,600 Monthly $4,300
Rental Income Stabilized : Annual $69,720 Monthly $5,810
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0004$156,2504.40%12.110.93%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,300$5,810
Year Total$51,600$69,720
Expense
Total$24,070$24,070
Net Operating Income$27,530$45,650
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $-973 $7,563 $6,590
Stabilized         $7,563 $20,940 $28,503   $17,147 $7,563 $24,710
Custom         $7563 $20940 $28503   $17147 $7563 $24710




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Gerasimos Drake
Listing Office: Gerasimos Drake Realty
6070 N. Kirkwood Ave Chicago

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