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4 Flat 1527 Western West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: 1897

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $1550

Unit 2 Floor 2: 3 bedrooms 1 baths $1795

Unit 3 Floor 3: 3 bedrooms 1 baths $1660

Unit 4 Floor G: 2 bedrooms 1 baths $1095

Gross Income $73,200

Net Op. Income $32,049

Detailed Listing Description

PRICE DROP - $45k price reduction. 3 unit vintage brick building. The unit mix includes three large 3 bedroom/1 bath units. Additionally, there is one non-conforming 2 bedroom/1 bath unit garden apartment. There is room to add value by providing a cosmetic update to the units to increase rental income.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
  • Appliances Unit 1A,B,E,I,S,U
  • Appliances Unit 2A,B,E,I,S,U
  • Appliances Unit 3A,B,E,I,S,U
  • Appliances Unit 4A,B,E,I,S,U
  • 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 16% 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 21% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $73,200 Monthly $6,100
Rental Income Stabilized : Annual $85,980 Monthly $7,165
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,100$7,165
Year Total$73,200$85,980
Net Operating Income$50,075$62,855
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9861 $27305 $37166 $3098
Total         $9,861 $27,305 $37,166   $12,909 $9,861 $22,770
Stabilized         $9,861 $27,305 $37,166   $25,689 $9,861 $35,550
Custom         $9861 $27305 $37166   $25689 $9861 $35550

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Harrison Cohen
Listing Office: Triton Realty Group LLC
1941 W. Balmoral, Garden Unit Chicago

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