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3 Flat 3721 Ashland Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1896

Lot Size: L

Lot Dimensions: 25 X 123

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $2125

Unit 2 Floor 2: 3 bedrooms 1 baths $2000

Unit 3 Floor G: 2 bedrooms 1 baths $1600

Gross Income $5,875

Detailed Listing Description

Beautiful Brick 2 flat (3 units) in sought after Lakeview/Southport Corridor. Blaine school district. Renovated units with newer windows, updated kitchen and baths. Electric and plumbing has been updated where needed during renovations in 2014 & 2015. Units have large kitchens, sunrooms, white cabinets, granite counter tops, in unit washer/dryer's. Walk to it all, grocery stores, shops, bars, restaurants, easy transportation all around; easy walk to Brown line. This is a legal 2 flat with an un-conforming garden unit that rents for $1600/month. GARDEN UNIT:APROX 1125SQFT, 2 BED PLUS DEN W/ LARGE STORAGE CLOSET; w/d. 1ST FLOOR APROX 1300 SQFT, 2 BED 1 BATH W/LARGE KITCHEN, SUNROOM, PANTRY, IN UNIT W/D. HWFL IN LR & DR. 2ND FLOOR APROX 1300 SQFT: 3 BED 1 BATH W/LG KITCHEN,SUNROOM, PANTRY, IN UNIT W/D AND STORAGE. HWFL IN BED 3, LR & DR. ELFA SHELVING IN UNIT 1 & 2. One garage space is also rented for $150 extra

Additional Property Details

Garage & Parking
  • Gargage DetailsA,D
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1E
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,N,P,S
  • Appliances Unit 2A,B,C,D,E,F,P,S
  • Appliances Unit 3A,B,C,D,E,F,N,P
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 25% 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 28% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $68,700 Monthly $5,725
Rental Income Stabilized : Annual $62,340 Monthly $5,195
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,9003$249,9675.72%10.920.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,725$5,195
Year Total$68,700$62,340
Expense
Total$25,777$25,777
Net Operating Income$42,923$36,563
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9074 $25124 $34198 $2850
Total         $9,074 $25,124 $34,198   $8,725 $9,074 $17,799
Stabilized         $9,074 $25,124 $34,198   $2,365 $9,074 $11,439
Custom         $9074 $25124 $34198   $2365 $9074 $11439




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,4252,8507412,1097412,1092,850
2561,6842,8507442,1061,4854,2155,700
3560,9402,8507462,1042,2316,3198,550
4560,1942,8507492,1012,9808,42011,400
5559,4452,8507522,0983,73210,51814,250
6558,6932,8507552,0954,48712,61317,100
7557,9382,8507582,0925,24514,70519,950
8557,1802,8507612,0896,00616,79422,800
9556,4192,8507632,0876,76918,88125,650
10555,6562,8507662,0847,53520,96528,500
11554,8902,8507692,0818,30523,04531,350
12554,1202,8507722,0789,07725,12334,200
13553,3482,8507752,0759,85227,19837,050

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Listing Agent: Juana Honeycutt
Listing Office: Jameson Sotheby's Intl Realty
3505 n marshfield Chicago

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