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3 Flat 4009 Elston Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: A

Lot Dimensions: 3225

# of Units: 3

Unit 1 Floor 1: 0 bedrooms 0 baths $2000

Unit 2 Floor 2: 3 bedrooms 1 baths $1300

Unit 3 Floor 3: 3 bedrooms 1 baths $1200

Detailed Listing Description

CASH COW! Incredible Investment Opportunity in Irving Park! Gorgeous 3 Unit Grey Stone! All Units Above Grade. Large Restaurant on First Floor with Long-Term Tenant willing to sign long-term lease. 2 Apartments Above Grade with In-unit Laundry, Hardwood Floors & Updated Kitchens/Baths. Updates to Windows and Roof. Rare, Over-sized Lot with 7 Parking Exterior Parking Spaces. Potential for Owner Occupant or Fully Rented 3 Units. Incredible Elston/Irving Park Location Close to High Traffic Intersection & Xpressway!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces7
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D,E
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2A,B,C,D
  • Appliances Unit 3A,B,C,D
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 5% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,000 Monthly $4,500
Rental Income Stabilized : Annual $72,048 Monthly $6,004
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$560,0003$186,6675.50%10.371.07%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,500$6,004
Year Total$54,000$72,048
Expense
Total$23,191$23,191
Net Operating Income$30,809$48,857
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6776 $18762 $25538 $2129
Total         $6,776 $18,762 $25,538   $5,271 $6,776 $12,047
Stabilized         $6,776 $18,762 $25,538   $23,319 $6,776 $30,095
Custom         $6776 $18762 $25538   $23319 $6776 $30095




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1420,0002,1295541,5755541,5752,129
2419,4462,1295561,5731,1103,1484,258
3418,8902,1295581,5711,6684,7196,387
4418,3322,1295601,5692,2286,2888,516
5417,7722,1295621,5672,7917,85410,645
6417,2092,1295641,5653,3559,41912,774
7416,6452,1295671,5623,92210,98114,903
8416,0782,1295691,5604,49112,54117,032
9415,5092,1295711,5585,06114,10019,161
10414,9392,1295731,5565,63415,65621,290
11414,3662,1295751,5546,21017,20923,419
12413,7902,1295771,5526,78718,76125,548
13413,2132,1295791,5507,36620,31127,677

Explore Nearby Neighborhoods

Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Listing Agent: Santiago Valdez
Listing Office: Compass
30 E Elm 10C Chicago

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