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2 Flat 1519 Berteau Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1901

Lot Size: K

Lot Dimensions: 61 X 50

Lot Description: E,H,L

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1650

Unit 2 Floor 2: 2 bedrooms 2 baths $3150

Detailed Listing Description

Unique, charming & extra wide Graceland West greystone; functions well as an investment property. Large, upgraded 2 bed duplex up (2nd/3rd levels) w/sunny kitchen, generous sized center island, 2 big walk-in pantries (note floor plans). Separate dining room & 20'x11' living rm overlooking Berteau Avenue. Oak hardwood floors throughout entire building. Master suite includes 3rd level (20'x16' bedroom); huge walk-in closet, double bowl vanity, large glass shower & laundry closet w/side x side washer/dryer. Enjoy 21'x12' deck outside master bedroom. Unit 1 is newly updated w/ss kitchen appliances, freshly painted & exceptional size for a 1 bedroom apt. Basement provides laundry machine for Unit 1 & massive storage for both units. Courtyard has lots of potential for gardening/entertaining. Recent improvements: New deck & roof under deck, tuck pointing, new cornice, new dryer & furnace & condenser (Unit 2).

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,G,I,N,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,N,P,R,S
Schools
  • Grade SchoolRAVENSWOOD ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 3% more than other 2 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 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $57,600 Monthly $4,800
Rental Income Stabilized : Annual $44,952 Monthly $3,746
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$775,0002$387,5004.22%13.450.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,800$3,746
Year Total$57,600$44,952
Expense
Total$24,917$24,917
Net Operating Income$32,683$20,035
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9377 $25965 $35342 $2946
Total         $9,377 $25,965 $35,342   $-2,659 $9,377 $6,718
Stabilized         $9,377 $25,965 $35,342   $-15,307 $9,377 $-5,930
Custom         $9377 $25965 $35342   $-15307 $9377 $-5930




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1581,2502,9467662,1807662,1802,946
2580,4842,9467692,1771,5354,3575,892
3579,7152,9467722,1742,3086,5308,838
4578,9422,9467752,1713,0838,70111,784
5578,1672,9467782,1683,86010,87014,730
6577,3902,9467812,1654,64113,03517,676
7576,6092,9467842,1625,42515,19720,622
8575,8252,9467872,1596,21217,35623,568
9575,0382,9467902,1567,00119,51326,514
10574,2492,9467932,1537,79421,66629,460
11573,4562,9467962,1508,58923,81732,406
12572,6612,9467992,1479,38825,96435,352
13571,8622,9468022,14410,18928,10938,298

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Listing Agent: Pam Lynch
Listing Office: @properties
1326 W. Huron St. #1 Chicago

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