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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
  • Tenant Pays Unit 1A,B,C
  • Tenant Pays Unit 2A,B,C
  • Appliances Unit 1O
  • Appliances Unit 2O
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,816$4,940
Year Total$45,792$59,280
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
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

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

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