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2 Flat 1626 Wolcott West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 24 X 121

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Extremely rare opportunity to build your dream home in a premier location on the Wicker Park/Bucktown border, just steps from some of the best restaurants and shops and transportations. Surrounded by multi-million dollar homes, this lot is 24' x 121' and zoned RS-3. Currently a 2 flat, property being sold As-Is. Tear down or gut rehab. Please do not disturb occupants.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,C,D,E,F,J,P,S
  • Appliances Unit 2J,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 36% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 22% 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 $42,038 Monthly $3,503
Rental Income Stabilized : Annual $52,548 Monthly $4,379
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$729,5002$364,7504.11%17.350.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,503$4,379
Year Total$42,038$52,548
Expense
Total$12,029$12,029
Net Operating Income$30,009$40,519
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8827 $24441 $33268 $2773
Total         $8,827 $24,441 $33,268   $-3,259 $8,827 $5,568
Stabilized         $8,827 $24,441 $33,268   $7,251 $8,827 $16,078
Custom         $8827 $24441 $33268   $7251 $8827 $16078




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1547,1252,7737212,0527212,0522,773
2546,4042,7737242,0491,4454,1015,546
3545,6802,7737272,0462,1726,1478,319
4544,9532,7737292,0442,9018,19111,092
5544,2242,7737322,0413,63410,23113,865
6543,4912,7737352,0384,36812,27016,638
7542,7572,7737382,0355,10614,30519,411
8542,0192,7737402,0335,84716,33722,184
9541,2782,7737432,0306,59018,36724,957
10540,5352,7737462,0277,33620,39427,730
11539,7892,7737492,0248,08522,41830,503
12539,0402,7737522,0218,83624,44033,276
13538,2892,7737542,0199,59126,45836,049

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Listing Agent: Tim Lorimer
Listing Office: Compass
1248 N Campbell Ave Chicago

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