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3 Flat 4637 Monticello Albany Park Chicago IL Mu

City: CHICAGO ZIP: 60625

Built In: 1919

Lot Size: L

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 1 baths $OWN

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Detailed Listing Description

Albany Park gem! This true 3 unit boasts 3 bedrooms in each unit with possible 4th tandem bedroom or walk in closet in each; large closets in each bedroom, hardwood floors throughout, 42 inch cabinets, stainless steel appliances, marble countertops, jacuzzi and electric/gas fireplace. 1st unit has cherry cabinets and cherry hardwood floors. Each unit has its own Central air/furnace unit; Generous sized storage area in the basement for each unit, which includes each units own private laundry area as well. Smart water meters installed for each unit; sensor lights throughout building; 6 parking spaces in the rear, two spaces per unit. Close to public transportation, Brown Line, junior high school, park, shopping. Excellent potential as investment and/or condo conversions!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,L,S
  • Appliances Unit 2A,B,C,D,E,F,I,L
  • Appliances Unit 3A,B,C,D,E,F,I,L
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 3% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 22% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,880 Monthly $2,740
Rental Income Stabilized : Annual $57,300 Monthly $4,775
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$669,0003$223,0001.89%20.350.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,740$4,775
Year Total$32,880$57,300
Expense
Total$20,264$20,264
Net Operating Income$12,616$37,036
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8095 $22414 $30509 $2543
Total         $8,095 $22,414 $30,509   $-17,893 $8,095 $-9,798
Stabilized         $8,095 $22,414 $30,509   $6,527 $8,095 $14,622
Custom         $8095 $22414 $30509   $6527 $8095 $14622




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1501,7502,5436611,8826611,8822,543
2501,0892,5436641,8791,3253,7615,086
3500,4252,5436661,8771,9925,6377,629
4499,7582,5436691,8742,6617,51110,172
5499,0892,5436711,8723,3329,38312,715
6498,4182,5436741,8694,00611,25215,258
7497,7442,5436761,8674,68213,11917,801
8497,0682,5436791,8645,36114,98320,344
9496,3892,5436821,8616,04316,84422,887
10495,7072,5436841,8596,72718,70325,430
11495,0232,5436871,8567,41420,55927,973
12494,3362,5436891,8548,10322,41330,516
13493,6472,5436921,8518,79524,26433,059

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Listing Agent: Teresa Ramirez
Listing Office: Chicago Premier Realty, Inc.
4415 W. Fullerton Chicago

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