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3 Flat 4902 Albany Albany Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60625

Built In: 1908

Lot Size: A

Lot Dimensions: 3750 SQ FT

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1400

Unit 2 Floor 2: 3 bedrooms 1 baths $1325

Unit 3 Floor G: 2 bedrooms 1 baths $1100

Gross Income $45,900

Net Op. Income $26,728

Detailed Listing Description

Act Fast! Excellent Brick Investment Property with solid returns and great bones. Owner Occupy or Just Collect Dependable Returns from long-term tenants. Recently Updated and Fully Occupied w/ three dwelling units, separately metered boiler heat, shared coin op laundry, spacious rear yard and garage for extra income. Don't miss this gem! Owner and Agent do not warrant legality of 3rd Unit.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,N,Q,S
  • Appliances Unit 2A,B,N,S
  • Appliances Unit 3A,B,F
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 12% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 5% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $45,900 Monthly $3,825
Rental Income Stabilized : Annual $55,608 Monthly $4,634
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,825$4,634
Year Total$45,900$55,608
Net Operating Income$25,394$35,102
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6958 $19264 $26222 $2186
Total         $6,958 $19,264 $26,222   $-828 $6,958 $6,130
Stabilized         $6,958 $19,264 $26,222   $8,880 $6,958 $15,838
Custom         $6958 $19264 $26222   $8880 $6958 $15838

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Erik Carrier
Listing Office: RedStar Property Management LLC
1727 N. Western Ave Chicago

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