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3 Flat 1041 Western West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: 1900

Lot Size: A

Lot Dimensions: 2362

# of Units: 3

Unit 1 Floor 1: 0 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $1100

Detailed Listing Description

Investment opportunity! Mixed-use building located in heart of Ukrainian Village. Solid brick building includes a main floor retail unit, 2nd & 3rd floor residential units. Perfect for an owner/operator or lease. Both apartments feature 2 beds, 1 bath, living rm, dining rm, eat in kitchen & a heated enclosed porch. Updates include: Newer exterior front brick elevation, electric service, roof 2017 & copper water lines. Units feature, 9.5' ceilings, hd/wd flrs, granite counters, SS appliances, separate utilities & central a/c. Full unfinished bsmt for extra storage & laundry. 2 car garage in rear. Turn key.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2A,B,E
  • Appliances Unit 3A,B,E
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 18% more than other 3 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 14% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $13,200 Monthly $1,100
Rental Income Stabilized : Annual $41,712 Monthly $3,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,0003$249,667-1.19%56.740.46%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,100$3,476
Year Total$13,200$41,712
Expense
Total$22,121$22,121
Net Operating Income$-8,921$19,591
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9063 $25094 $34157 $2847
Total         $9,063 $25,094 $34,157   $-43,078 $9,063 $-34,015
Stabilized         $9,063 $25,094 $34,157   $-14,566 $9,063 $-5,503
Custom         $9063 $25094 $34157   $-14566 $9063 $-5503




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1561,7502,8477402,1077402,1072,847
2561,0102,8477432,1041,4844,2105,694
3560,2662,8477462,1012,2306,3118,541
4559,5202,8477492,0982,9788,41011,388
5558,7722,8477522,0953,73010,50514,235
6558,0202,8477542,0934,48412,59817,082
7557,2662,8477572,0905,24214,68719,929
8556,5082,8477602,0876,00216,77422,776
9555,7482,8477632,0846,76518,85825,623
10554,9852,8477662,0817,53120,93928,470
11554,2192,8477692,0788,29923,01831,317
12553,4512,8477722,0759,07125,09334,164
13552,6792,8477742,0739,84527,16637,011

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Listing Agent: Louie Kritikos
Listing Office: Dream Town Realty
2850 W. Catalpa Chicago

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