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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 & "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
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B,I,S
  • Appliances Unit 2A,B,I,S,T
Schools
  • 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 19% 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 2% 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
$895,0002$447,500-0.12%42.750.24%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,745$2,181
Year Total$20,938$26,172
Expense
Total$21,988$21,988
Net Operating Income$-1,050$4,184
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10829 $29985 $40814 $3402
Total         $10,829 $29,985 $40,814   $-41,864 $10,829 $-31,035
Stabilized         $10,829 $29,985 $40,814   $-36,630 $10,829 $-25,801
Custom         $10829 $29985 $40814   $-36630 $10829 $-25801




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1671,2503,4028852,5178852,5173,402
2670,3653,4028882,5141,7735,0316,804
3669,4773,4028912,5112,6647,54210,206
4668,5863,4028952,5073,55910,04913,608
5667,6913,4028982,5044,45712,55317,010
6666,7933,4029022,5005,35915,05320,412
7665,8913,4029052,4976,26417,55023,814
8664,9863,4029082,4947,17220,04427,216
9664,0783,4029122,4908,08422,53430,618
10663,1663,4029152,4878,99925,02134,020
11662,2513,4029192,4839,91727,50537,422
12661,3333,4029222,48010,84029,98440,824
13660,4103,4029252,47711,76532,46144,226

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Listing Agent: Laurie Catallo
Listing Office: Weichert, Realtors - All Pro
2320 N. 77TH CT. ELMWOOD PARK

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