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3 Flat 918 Wolfram Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: 1911

Lot Size: A

Lot Dimensions: 25' X 125'

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $925

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $950

Detailed Listing Description

Classical Chicago masonry/brick 3Flat on a standard 25'x125' lot, backyard with 2Car garage, one block north of Diversey, east of Brown/Red line and just west of Mildred. Excellent bones, newer windows, newer mechanicals, roofing and tuckpointing about 10 years ago, original, stripped wood including 3/4" tongue & groove floors. Open, high ceiling basement currently used for storage. Good rental upside or conversion for investor/developer, rehabber, rental or SFH.

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 2J
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,E,F,S
  • Appliances Unit 3A,B,E,F,I,S,T
Schools
  • Grade SchoolAGASSIZ ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolAGASSIZ ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • 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 4% more than other 3 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 1% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,500 Monthly $1,875
Rental Income Stabilized : Annual $59,928 Monthly $4,994
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,050,0003$350,000-0.23%46.670.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,875$4,994
Year Total$22,500$59,928
Expense
Total$24,894$24,894
Net Operating Income$-2,394$35,034
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12705 $35178 $47883 $3991
Total         $12,705 $35,178 $47,883   $-50,277 $12,705 $-37,572
Stabilized         $12,705 $35,178 $47,883   $-12,849 $12,705 $-144
Custom         $12705 $35178 $47883   $-12849 $12705 $-144




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1787,5003,9911,0382,9531,0382,9533,991
2786,4623,9911,0422,9492,0805,9027,982
3785,4203,9911,0462,9453,1258,84811,973
4784,3753,9911,0502,9414,17511,78915,964
5783,3253,9911,0542,9375,22814,72719,955
6782,2723,9911,0572,9346,28617,66023,946
7781,2143,9911,0612,9307,34720,59027,937
8780,1533,9911,0652,9268,41323,51531,928
9779,0873,9911,0692,9229,48226,43735,919
10778,0183,9911,0732,91810,55629,35439,910
11776,9443,9911,0772,91411,63332,26843,901
12775,8673,9911,0812,91012,71535,17747,892
13774,7853,9911,0862,90513,80038,08351,883

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Listing Agent: Stephen Chertok
Listing Office: @properties
117 Rockford Ave. Forest Park

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