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1534 GEORGE

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $1695

Unit 2 Floor 1: 2 bedrooms 1 baths $1900

Unit 3 Floor 2: 3 bedrooms 2 baths $2900

Unit 4 Floor C: 2 bedrooms 1 baths $1800

Gross Income $99,540

Detailed Listing Description

Great location! Lincoln Park/Lakview 3 Flat Victorian Red Brick with Coach House. Four legal units - ideal for a live in owner/user with duplex top floor 3 bedroom/ 2.5 bath apartment. Newer remodeled kitchen and baths. Hardwood floors. Individual heat & A/C. Washer & Dryer in each unit. Fully rented! $99K income per year. There are three additional rental units, all 2 bedrooms. George St is a beautiful tree-lined street with 2+ Million dollar homes located in the top-rated Burley school district. This building is a great opportunity for investments!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,I
  • Appliances Unit 2A,B,C,D,E,I
  • Appliances Unit 3A,B,C,D,E,I
  • Appliances Unit 4A,B,C,D,E,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 25% more than other 4 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 19% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $99,540 Monthly $8,295
Rental Income Stabilized : Annual $98,220 Monthly $8,185
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,373,0004$343,2504.56%13.790.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,295$8,185
Year Total$99,540$98,220
Expense
Total$36,873$36,873
Net Operating Income$62,667$61,347
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16613 $45999 $62612 $5218
Total         $16,613 $45,999 $62,612   $55 $16,613 $16,668
Stabilized         $16,613 $45,999 $62,612   $-1,265 $16,613 $15,348
Custom         $16613 $45999 $62612   $-1265 $16613 $15348




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,029,7505,2181,3563,8621,3563,8625,218
21,028,3945,2181,3623,8562,7187,71810,436
31,027,0325,2181,3673,8514,08511,56915,654
41,025,6655,2181,3723,8465,45615,41620,872
51,024,2945,2181,3773,8416,83319,25726,090
61,022,9175,2181,3823,8368,21523,09331,308
71,021,5355,2181,3873,8319,60326,92336,526
81,020,1475,2181,3923,82610,99530,74941,744
91,018,7555,2181,3983,82012,39334,56946,962
101,017,3575,2181,4033,81513,79638,38452,180
111,015,9545,2181,4083,81015,20442,19457,398
121,014,5465,2181,4133,80516,61745,99962,616
131,013,1335,2181,4193,79918,03649,79867,834

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Listing Agent: Harry Perl
Listing Office: Goldberg & Perl, Inc.
844 W. Armitage Chicago

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