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3 Flat 2301 Montrose North Center Chicago IL Mu I

City: CHICAGO ZIP: 60618

Built In: 1903

Lot Size: L

Lot Dimensions: 24X125

Lot Description: E,H,Q

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $2100

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Unit 3 Floor G: 2 bedrooms 1 baths $1200

Gross Income $5,400

Detailed Listing Description

Great Cash flow investment property located on the border of 3 established neighborhoods: Ravenswood-North Center and Lincoln square. Great views of Wells Park easily attracts great tenants, Plus throw in Coonley School district and its a can't miss opportunity. Meticulously maintained and updated Sun-filled east facing corner building. Great cash flow even with below market rents. Recently Updated Windows Furnace A/C units kitchens/baths. Separate furnace/utilities ea apt. Finished storage w/coin-op laundry. Great location: Restaurants, Shopping, Entertainment, Public Transportation, Library and Parks/Pool/tennis courts, everything you or tenants could want at your fingertips. Summer time offers an easy Metra ride to Ravinia and Wells Park's Tuesday night Concerts in the Park.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 40% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 5% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $64,800 Monthly $5,400
Rental Income Stabilized : Annual $58,872 Monthly $4,906
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,400$4,906
Year Total$64,800$58,872
Net Operating Income$43,978$38,050
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9982 $27640 $37622 $3136
Total         $9,982 $27,640 $37,622   $6,356 $9,982 $16,338
Stabilized         $9,982 $27,640 $37,622   $428 $9,982 $10,410
Custom         $9982 $27640 $37622   $428 $9982 $10410

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Kelly Smith
Listing Office: Urban Real Estate
316 N. Elmwood Oak Park

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