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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. Some updating desirable.

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 6% 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
$1,025,0003$341,667-0.23%45.560.49%
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 $12402 $34341 $46743 $3896
Total         $12,402 $34,341 $46,743   $-49,137 $12,402 $-36,735
Stabilized         $12,402 $34,341 $46,743   $-11,709 $12,402 $693
Custom         $12402 $34341 $46743   $-11709 $12402 $693




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1768,7503,8961,0132,8831,0132,8833,896
2767,7373,8961,0172,8792,0305,7627,792
3766,7203,8961,0212,8753,0518,63711,688
4765,6993,8961,0252,8714,07611,50815,584
5764,6743,8961,0282,8685,10414,37619,480
6763,6463,8961,0322,8646,13617,24023,376
7762,6143,8961,0362,8607,17320,09927,272
8761,5773,8961,0402,8568,21322,95531,168
9760,5373,8961,0442,8529,25725,80735,064
10759,4933,8961,0482,84810,30528,65538,960
11758,4453,8961,0522,84411,35631,50042,856
12757,3943,8961,0562,84012,41234,34046,752
13756,3383,8961,0602,83613,47237,17650,648

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

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