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3 Flat 3854 Janssen Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1922

Lot Size: A

Lot Dimensions: 30 X 117

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 2 baths $3250

Unit 2 Floor 2: 2 bedrooms 1 baths $2100

Unit 3 Floor 3: 2 bedrooms 1 baths $2100

Gross Income $89,400

Net Op. Income $66,648

Detailed Listing Description

Perfect for Investor or Owner Occupant. Blaine School District and 1/2 block walk to school. Current below market rents support a Positive Cash Flow with 20% down at current interest rates. As an investor or an Owner Occupant this property is a win either way. This original 1920's gold brick architecturally built as a real 3 flat, not a 2 flat with basement legalized to a 3, but a real rare 3 flat offers each unit as a meticulously rehabbed work of art. The first floor down duplex offers 4 bedrooms, 2 baths, and a formal dining room. The 2nd& 3rd floors offer 2 bedrooms, 1 bath, and formal dining rooms. Highest quality hardwood flooring, custom cabinetry, and designer lighting along with high grade granite and marble throughout all kitchens and baths. Very high end and newer Appliances in every unit including each unit's furnace and central air. Best of all are up-to-code built private outdoor decks large enough for dining and entertaining. Southport Corridor and all it offers too.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipN
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,C,D,E,F,I,L,S,U
  • Appliances Unit 2A,B,C,D,E,F,I,J,S,U
  • Appliances Unit 3A,B,C,D,E,F,I,J,S,U
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 27% more than other 3 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 23% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $89,400 Monthly $7,450
Rental Income Stabilized : Annual $81,936 Monthly $6,828
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,450$6,828
Year Total$89,400$81,936
Net Operating Income$59,893$52,429
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15415 $42683 $58098 $4842
Total         $15,415 $42,683 $58,098   $1,795 $15,415 $17,210
Stabilized         $15,415 $42,683 $58,098   $-5,669 $15,415 $9,746
Custom         $15415 $42683 $58098   $-5669 $15415 $9746

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Alexis Eldorrado
Listing Office: Eldorrado Chicago Real Estate
5500 N. Sawyer Chicago

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