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2 Flat 1340 Oakley West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: 1890

Lot Size: B

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $1050

Detailed Listing Description

Beautiful Wicker Park 2 Flat on quite 1 way street!! UNDER MARKET RENTS but great tenants in place. 1st floor: 2 Beds 1 Bath with Eat in Kitchen Pantry Closet, Huge Dining Room and Living Room with Fireplace. 2nd Floor: 3 beds 1 Bath Kitchen with Bar, Huge Dining Room and Living Room with Fireplace. Both Floors are Sunny and have High Ceilings! Full Basement with Washer & Dryer. Gorgeous Brick Paver Yard with New Fence and 2 Car Garage. An Awesome City Block with Annual Block Party & EZ street parking year round! REHABBERS, See 1336 Oakley which was converted to SFR and sold for 1.125M!

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 1B,D
  • Tenant Pays Unit 2B,D
  • Appliances Unit 1A,B,K,S
  • Appliances Unit 2A,B,C,D,J,K,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 19% 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 6% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $24,600 Monthly $2,050
Rental Income Stabilized : Annual $44,580 Monthly $3,715
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,050$3,715
Year Total$24,600$44,580
Net Operating Income$3,429$23,409
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7682 $21271 $28953 $2413
Total         $7,682 $21,271 $28,953   $-25,524 $7,682 $-17,842
Stabilized         $7,682 $21,271 $28,953   $-5,544 $7,682 $2,138
Custom         $7682 $21271 $28953   $-5544 $7682 $2138

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Melissa Murphy Hainault
Listing Office: Casey & Wagner Real Estate
727 Bellwood Ave Bellwood

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