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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
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • 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
Schools
  • 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
$815,0004$203,7506.14%11.130.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,100$7,165
Year Total$73,200$85,980
Expense
Total$23,125$23,125
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
Down
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
1611,2503,0988062,2928062,2923,098
2610,4443,0988092,2891,6154,5816,196
3609,6353,0988122,2862,4276,8679,294
4608,8233,0988152,2833,2419,15112,392
5608,0093,0988182,2804,05911,43115,490
6607,1913,0988212,2774,88013,70818,588
7606,3703,0988242,2745,70515,98121,686
8605,5453,0988272,2716,53218,25224,784
9604,7183,0988302,2687,36220,52027,882
10603,8883,0988332,2658,19522,78530,980
11603,0553,0988372,2619,03225,04634,078
12602,2183,0988402,2589,87227,30437,176
13601,3783,0988432,25510,71529,55940,274

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

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