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4 Flat 1118 Barry Lake View Chicago IL Mu Investm

City: CHICAGO ZIP: 60657

Built In: 1884

Lot Size: A

Lot Dimensions: 33X99

Lot Description: H

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1550

Unit 2 Floor 2: 3 bedrooms 1 baths $1600

Unit 3 Floor 3: 2 bedrooms 1 baths $1400

Unit 4 Floor G: 1 bedrooms 1 baths $1000

Gross Income $66,600

Detailed Listing Description

Hurry to see this 4 unit building in a prime Lakeview location. 3168 sqft (per assessor) above grade plus a garden apartment. Three legal units plus an in-law apartment. First and second floors have original bulls-eye woodwork, built-in hutches, walk in pantries and huge airy and bright rooms. First floor with new laminate flooring and paint 2016. 2nd floor has pine and maple floors, pocket doors, ceiling medallions and a remodeled bath (2011). Third floor is bright, charming space with large rooms plus a huge den and oak floors. Recent improvements include new (2016) shingle roof, gutters & fascia, front porch & stairs and hot water heater. Rear porches rebuilt in 2010. This is a well maintained property with stable tenants with room for large rent increases with upgrades. Great schools, great location. Walk to brown and red line el, shopping and entertainment. This is a great opportunity!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,E,S
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • Grade SchoolAGASSIZ ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLINCOLN PARK HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 55% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 51% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $66,600 Monthly $5,550
Rental Income Stabilized : Annual $85,812 Monthly $7,151
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$829,0004$207,2504.29%12.450.86%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,550$7,151
Year Total$66,600$85,812
Expense
Total$31,042$31,042
Net Operating Income$35,558$54,770
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10031 $27774 $37805 $3151
Total         $10,031 $27,774 $37,805   $-2,247 $10,031 $7,784
Stabilized         $10,031 $27,774 $37,805   $16,965 $10,031 $26,996
Custom         $10031 $27774 $37805   $16965 $10031 $26996




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1621,7503,1518192,3328192,3323,151
2620,9313,1518232,3281,6424,6606,302
3620,1083,1518262,3252,4686,9859,453
4619,2823,1518292,3223,2969,30812,604
5618,4543,1518322,3194,12811,62715,755
6617,6223,1518352,3164,96313,94318,906
7616,7873,1518382,3135,80116,25622,057
8615,9493,1518412,3106,64218,56625,208
9615,1083,1518442,3077,48720,87228,359
10614,2633,1518482,3038,33423,17631,510
11613,4163,1518512,3009,18525,47634,661
12612,5653,1518542,29710,03927,77337,812
13611,7113,1518572,29410,89630,06740,963

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Listing Agent: Karen Breen Elia
Listing Office: RE/MAX Exclusive Properties
2931 N. Milwaukee 3S Chicago

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