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3 Flat 4014 Bell North Center Chicago IL Mu Inves

City: CHICAGO ZIP: 60618

Built In: 1899

Lot Size: A

Lot Dimensions: 25X124

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $725

Unit 2 Floor 2: 2 bedrooms 1 baths $675

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Gross Income $1,400

Detailed Listing Description

Family Owned Legal 2 Flat Building with an additional non-conforming lower level apartment in coveted Coonley School District!!!! Building is across the street from Coonley Elementary School!!! Rehab this property to maintain as an investment or tear down for a New Construction Single Family Home in a Top Rated CPS School District!!!!! All tenants are Month-To-Month and the units are highly under rented!!!! Sold AS-IS!!!!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 2% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 27% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $16,800 Monthly $1,400
Rental Income Stabilized : Annual $62,772 Monthly $5,231
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$574,9003$191,633-1.21%34.220.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,400$5,231
Year Total$16,800$62,772
Expense
Total$23,777$23,777
Net Operating Income$-6,977$38,995
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6956 $19261 $26217 $2185
Total         $6,956 $19,261 $26,217   $-33,194 $6,956 $-26,238
Stabilized         $6,956 $19,261 $26,217   $12,778 $6,956 $19,734
Custom         $6956 $19261 $26217   $12778 $6956 $19734




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1431,1752,1855681,6175681,6172,185
2430,6072,1855701,6151,1383,2324,370
3430,0372,1855721,6131,7114,8446,555
4429,4642,1855751,6102,2856,4558,740
5428,8902,1855771,6082,8628,06310,925
6428,3132,1855791,6063,4419,66913,110
7427,7342,1855811,6044,02211,27315,295
8427,1532,1855831,6024,60512,87517,480
9426,5702,1855851,6005,19014,47519,665
10425,9852,1855881,5975,77816,07221,850
11425,3972,1855901,5956,36817,66724,035
12424,8072,1855921,5936,96019,26026,220
13424,2152,1855941,5917,55420,85128,405

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Listing Agent: Nicholas Jakubco
Listing Office: Jakubco Development, Inc
2224 W. Irving Park Road Chicago

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