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2 Flat 1724 Fletcher Lake View Chicago IL Mu Inve

City: CHICAGO ZIP: 60657

Built In: 1894

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: D,H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1750

Unit 2 Floor 2: 2 bedrooms 2 baths $0

Detailed Listing Description

Bring your ideas to this 2 unit building with owners duplex in Burley School district. Use it as an investment or live in the duplex while collecting rent. 1st floor features nice 2BR/1BA rental with enclosed back porch and deck. Unit has in-unit laundry and easy street parking current rented at $1,750/month. The owners unit is the 2nd and 3rd floors and also has a rear deck. Great floorplan awaits your ideas for update. The building has a new roof and furnace. Detached 2 car garage with easy walk to CTA Brown Line & Belmont bus. Whole Food is 2 blocks away. Great block with higher end homes on an extra wide street.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,F
  • 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 2B,C,D,F,G,H
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,L,N,P,T,U
Schools
  • Grade SchoolBURLEY ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBURLEY ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 2% more than other 2 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 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,000 Monthly $1,750
Rental Income Stabilized : Annual $53,076 Monthly $4,423
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$885,0002$442,5000.11%42.140.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,750$4,423
Year Total$21,000$53,076
Expense
Total$20,041$20,041
Net Operating Income$959$33,035
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10708 $29650 $40358 $3364
Total         $10,708 $29,650 $40,358   $-39,399 $10,708 $-28,691
Stabilized         $10,708 $29,650 $40,358   $-7,323 $10,708 $3,385
Custom         $10708 $29650 $40358   $-7323 $10708 $3385




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1663,7503,3648752,4898752,4893,364
2662,8753,3648782,4861,7534,9756,728
3661,9973,3648822,4822,6357,45710,092
4661,1153,3648852,4793,5199,93713,456
5660,2313,3648882,4764,40812,41216,820
6659,3423,3648912,4735,29914,88520,184
7658,4513,3648952,4696,19417,35423,548
8657,5563,3648982,4667,09219,82026,912
9656,6583,3649022,4627,99422,28230,276
10655,7563,3649052,4598,89924,74133,640
11654,8513,3649082,4569,80727,19737,004
12653,9433,3649122,45210,71929,64940,368
13653,0313,3649152,44911,63432,09843,732

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Listing Agent: Ken Jungwirth
Listing Office: @properties
548 W. Webster Avenue Chicago

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