2 Flat 3748 Racine Lake View Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 3748 Racine Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60613

Built In: 1896

Lot Size: A

Lot Dimensions: 25X123

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 0: 2 bedrooms 1 baths $0

Detailed Listing Description

Solid Greystone, classic 2 Flat in popular Wrigleyville. Family owned/occupied for generations. Original features include beautiful hardwood floors, solid wood trim and "built ins" plus high ceilings & arched doorways. Walls & ceilings are fully insulated & dry walled on 1st & 2nd floors. Both units have living rm, dining rm, eat in kitchen, full bath & 2 bedrooms each. 2nd floor has Skylight & office that could be 3rd bedroom. Full basement has such character w/exposed brick & allows potential for additional living space great for rec rm/workout rm/office & has a full bathroom plus washer & dryer! Both units have enclosed & insulated back porches. Dual pane, solid core, easy clean windows. Gas Forced Air & Central AC both units. Roof is only 3 years old & complete tear off! 2 exterior parking spaces plus room to add a garage! Great Location!! Walk to baseball games. school, dining, popular local eateries & pubs, shopping & entertainment are so close!!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Appliances Unit 1A,B,I,S
  • Appliances Unit 2A,B,I,S,T
  • 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 18% 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 1% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $20,938 Monthly $1,745
Rental Income Stabilized : Annual $26,172 Monthly $2,181
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,745$2,181
Year Total$20,938$26,172
Net Operating Income$-1,050$4,184
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10708 $29650 $40358 $3364
Total         $10,708 $29,650 $40,358   $-41,408 $10,708 $-30,700
Stabilized         $10,708 $29,650 $40,358   $-36,174 $10,708 $-25,466
Custom         $10708 $29650 $40358   $-36174 $10708 $-25466

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Laurie Catallo
Listing Office: Weichert, Realtors - All Pro

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