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2 Flat 1225 Addison Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1901

Lot Size: A

Lot Dimensions: 2640

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Opportunity knocks! Beautiful Greystone 2 flat zoned RT 3.5 in an amazing location!!! Walk to everything including restaurants, the EL, and Wrigley Field. Both units have three bedrooms. Cute backyard with a detached two car garage! Sold AS IS!!!!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,E,J,X
  • Appliances Unit 2A,B,E,F,J
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 6% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 9% 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 $41,491 Monthly $3,458
Rental Income Stabilized : Annual $51,864 Monthly $4,322
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0002$399,5002.59%19.260.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,458$4,322
Year Total$41,491$51,864
Expense
Total$20,820$20,820
Net Operating Income$20,671$31,044
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-15,766 $9,668 $-6,098
Stabilized         $9,668 $26,769 $36,437   $-5,393 $9,668 $4,275
Custom         $9668 $26769 $36437   $-5393 $9668 $4275




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: Courtney Smith
Listing Office: Coldwell Banker Residential
6040 N Monitor Chicago

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