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2 Flat 1121 Wolfram Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: A

Lot Dimensions: 37.5X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 5 baths $5500

Unit 2 Floor 1: 2 bedrooms 1 baths $2200

Detailed Listing Description

This captivating, one of a kind property in the heart of Lake View is in a league all of its own on an extra wide 37.5' lot. So much attention to detail throughout with intricate hardwood flooring, original mill work, custom kitchen renovation, solid wood doors, a master suite complete w/heated onyx tile floors & separate wet bar, vaulted ceilings, large deck and more storage space than you could possibly fill. This impeccable property also offers a second home on the back of this wide lot which has also been renovated. This second home occupies two levels with 2+ bedrooms, 1 bath, open concept living/dining room and in-unit laundry, great for your au-pair, in-laws or rent it out. If that isn't enough, there is a two car detached garage plus a parking pad. This location can't be beat- on a quiet tree-lined street, walkable to the Diversey Brown Line stop and all that Lake View has to offer. The rental values stated above are estimates. Owner occupied. Property available in June.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,M,N,Q,S
  • Appliances Unit 2A,B,C,D,E,F,I,N,S
Schools
  • Grade SchoolAGASSIZ ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolAGASSIZ ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLINCOLN PARK 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 55% 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 53% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $92,400 Monthly $7,700
Rental Income Stabilized : Annual $87,060 Monthly $7,255
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,350,0002$675,0004.81%14.610.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,700$7,255
Year Total$92,400$87,060
Expense
Total$27,464$27,464
Net Operating Income$64,936$59,596
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16334 $45229 $61563 $5131
Total         $16,334 $45,229 $61,563   $3,373 $16,334 $19,707
Stabilized         $16,334 $45,229 $61,563   $-1,967 $16,334 $14,367
Custom         $16334 $45229 $61563   $-1967 $16334 $14367




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,012,5005,1311,3343,7971,3343,7975,131
21,011,1665,1311,3393,7922,6737,58910,262
31,009,8275,1311,3443,7874,01711,37615,393
41,008,4835,1311,3493,7825,36715,15720,524
51,007,1335,1311,3543,7776,72118,93425,655
61,005,7795,1311,3593,7728,08022,70630,786
71,004,4205,1311,3643,7679,44526,47235,917
81,003,0555,1311,3703,76110,81430,23441,048
91,001,6865,1311,3753,75612,18933,99046,179
101,000,3115,1311,3803,75113,56937,74151,310
11998,9315,1311,3853,74614,95441,48756,441
12997,5465,1311,3903,74116,34445,22861,572
13996,1565,1311,3953,73617,73948,96466,703

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Listing Agent: Laura Topp
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
1543 W. George St. Chicago

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