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2 Flat 1525 Roscoe Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: 1886

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1700

Unit 2 Floor 2: 3 bedrooms 1 baths $1700

Detailed Listing Description

Amazing opportunity to own a stunning two-flat on this highly desirable tree-lined street in the upscale Lakeview neighborhood. Keep as an investment property or convert to a single family home. The home consists of two large 3BD/1BA units. It is incredibly well maintained and features a newer roof and newer kitchens and baths in both units! Rents are below market as both units are occupied by long term tenants! It is ideal for an investor looking for stable cash flow or an owner occupant who wants to live in one unit while renting out the other. The area is a walkers dream with restaurants, Whole Foods, Mariano's, Target and the Southport Brown Line just steps away. Don't miss this opportunity! Make this your home today!

Additional Property Details

Garage & Parking
  • 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,E,F,J,S
  • Appliances Unit 2A,B,E,F,J,S
Schools
  • Grade SchoolHAMILTON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW 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 8% 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 9% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $40,800 Monthly $3,400
Rental Income Stabilized : Annual $55,380 Monthly $4,615
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0002$399,5002.36%19.580.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,400$4,615
Year Total$40,800$55,380
Expense
Total$21,942$21,942
Net Operating Income$18,858$33,438
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-17,579 $9,668 $-7,911
Stabilized         $9,668 $26,769 $36,437   $-2,999 $9,668 $6,669
Custom         $9668 $26769 $36437   $-2999 $9668 $6669




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: John Berdan
Listing Office: John Berdan
1229 N BRANCH STREET STE 201 Chicago

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