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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 24% 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
$599,0003$199,667-1.16%35.650.87%
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 $7248 $20068 $27316 $2277
Total         $7,248 $20,068 $27,316   $-34,293 $7,248 $-27,045
Stabilized         $7,248 $20,068 $27,316   $11,679 $7,248 $18,927
Custom         $7248 $20068 $27316   $11679 $7248 $18927




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,2502,2775921,6855921,6852,277
2448,6582,2775951,6821,1873,3674,554
3448,0632,2775971,6801,7845,0476,831
4447,4662,2775991,6782,3836,7259,108
5446,8672,2776011,6762,9848,40111,385
6446,2662,2776041,6733,58710,07513,662
7445,6632,2776061,6714,19311,74615,939
8445,0572,2776081,6694,80113,41518,216
9444,4492,2776101,6675,41115,08220,493
10443,8392,2776131,6646,02416,74622,770
11443,2262,2776151,6626,63918,40825,047
12442,6112,2776171,6607,25620,06827,324
13441,9942,2776201,6577,87621,72529,601

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

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