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2 Flat 1653 Claremont West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 3125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $1626

Unit 2 Floor 2: 3 bedrooms 2 baths $2190

Detailed Listing Description

Great location with deep lot; tax records indicate 3125 as the land sq footage; incredible opportunity to own a property in a neighborhood where you are truly close to all forms of transportation and enjoyment. The property is currently being used as a multi unit with leases that have expired. This property is part of a larger portfolio sale

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 1A,B,C
  • Tenant Pays Unit 2A,B,C
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 31% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 14% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $45,792 Monthly $3,816
Rental Income Stabilized : Annual $59,280 Monthly $4,940
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$679,9002$339,9503.86%14.850.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,816$4,940
Year Total$45,792$59,280
Expense
Total$19,561$19,561
Net Operating Income$26,231$39,719
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8227 $22779 $31006 $2584
Total         $8,227 $22,779 $31,006   $-4,775 $8,227 $3,452
Stabilized         $8,227 $22,779 $31,006   $8,713 $8,227 $16,940
Custom         $8227 $22779 $31006   $8713 $8227 $16940




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1509,9252,5846721,9126721,9122,584
2509,2532,5846741,9101,3463,8225,168
3508,5792,5846771,9072,0235,7297,752
4507,9022,5846791,9052,7027,63410,336
5507,2232,5846821,9023,3849,53612,920
6506,5412,5846841,9004,06911,43515,504
7505,8562,5846871,8974,75613,33218,088
8505,1692,5846901,8945,44515,22720,672
9504,4802,5846921,8926,13817,11823,256
10503,7872,5846951,8896,83219,00825,840
11503,0932,5846971,8877,53020,89428,424
12502,3952,5847001,8848,23022,77831,008
13501,6952,5847031,8818,93224,66033,592

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Listing Agent: Nicholas Hansen
Listing Office: @properties
2550 Wellington Westchester

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