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4 Flat 2060 Hutchinson North Center Chicago IL Mu

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: K

Lot Dimensions: 40X125

Lot Description: G,L

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1900

Unit 2 Floor 2: 2 bedrooms 1 baths $1900

Unit 3 Floor 3: 2 bedrooms 1 baths $2000

Unit 4 Floor 4: 2 bedrooms 1 baths $1900

Gross Income $95,400

Detailed Listing Description

Great Turnkey 4 Unit Investment Property in North Center. Property is located on a large 7K sq ft lot, 40 ft wide in the front and 84 ft wide in the rear. Building has 4 renovated units, all two bedrooms/one baths, all tenant occupied. Large units with spacious bedrooms, living rooms, separate dining spaces, new kitchens, and new bathrooms. Each kitchen is outfitted with brand new appliances, cabinets, and counter tops. Bathrooms have all new tile, sinks, faucets, shower heads, toilets, bathtubs, and hardware. All units have new individual HVAC. New roof. New windows. Upgraded electrical. All decks were brought up to code. New siding on enclosed porch. 2 car garage in rear. Charming vintage detail & built-ins that offer more storage. Nestled on a tree lined residential street. Location is great for renters; down the street from grocery stores, bars, restaurants, and shopping. 1/2 mile from the Brown Line. Two blocks from Welles Park. Close to Lincoln Square proper. Coonley School Dist

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,C,D,E,F,I,S
  • Appliances Unit 4A,B,E,F,I,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 53% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 29% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $92,400 Monthly $7,700
Rental Income Stabilized : Annual $76,908 Monthly $6,409
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,700$6,409
Year Total$92,400$76,908
Net Operating Income$55,197$39,705
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15125 $41879 $57004 $4751
Total         $15,125 $41,879 $57,004   $-1,807 $15,125 $13,318
Stabilized         $15,125 $41,879 $57,004   $-17,299 $15,125 $-2,174
Custom         $15125 $41879 $57004   $-17299 $15125 $-2174

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Alexander Cohen
Listing Office: @properties
1914 N Damen Ave #2 Chicago

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