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3 Flat 935 Avers Humboldt Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60651

Built In: U

Lot Size: C

Lot Dimensions: .5

# of Units: 3

Unit 1 Floor B: 2 bedrooms 1 baths $600

Unit 2 Floor 1: 3 bedrooms 1 baths $800

Unit 3 Floor 2: 3 bedrooms 1 baths $800

Detailed Listing Description

CASH COW in WEST HUMBOLDT PARK!!! Come see this income generating legal 3 flat in this emerging area. A Flippers Dream this fully occupied building can be kept with the current tenants in place or rehabbed and can either be flipped or scaled to make an even greater return on investment. With the right renovations this property can be sold for upwards of $375k. Don't miss out on this tremendous opportunity!!! One of the best deals in the city!!! ***First Showings are this Wednesday between 1:00 - 4:30 only. Client will accept best offer Thursday at noon.

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 1B,D
  • Tenant Pays Unit 2B,D
  • Tenant Pays Unit 3B,D
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: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 25% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 40% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $38,856 Monthly $3,238
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$184,9993$61,6664.67%7.011.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$3,238
Year Total$26,400$38,856
Expense
Total$17,762$17,762
Net Operating Income$8,638$21,094
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2239 $6198 $8437 $704
Total         $2,239 $6,198 $8,437   $201 $2,239 $2,440
Stabilized         $2,239 $6,198 $8,437   $12,657 $2,239 $14,896
Custom         $2239 $6198 $8437   $12657 $2239 $14896




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1138,750704184520184520704
2138,5667041845203681,0401,408
3138,3827041855195531,5592,112
4138,1977041865187392,0772,816
5138,0117041865189252,5953,520
6137,8257041875171,1133,1114,224
7137,6377041885161,3003,6284,928
8137,4507041895151,4894,1435,632
9137,2617041895151,6784,6586,336
10137,0727041905141,8685,1727,040
11136,8827041915132,0595,6857,744
12136,6917041915132,2506,1988,448
13136,5007041925122,4426,7109,152

Explore Nearby Neighborhoods

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LakeviewNearby Neighborhoods X Plus Real Estate

Lakeview

Listing Agent: Christopher Johnson
Listing Office: Dream Town Realty
4905 W. Henderson Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.