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2 Flat 1710 Barry Lake View Chicago IL Mu Investm

City: CHICAGO ZIP: 60657

Built In: 1888

Lot Size: L

Lot Dimensions: 24 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2120

Unit 2 Floor 2: 3 bedrooms 1 baths $1700

Gross Income $45,640

Net Op. Income $28,440

Detailed Listing Description

West Lakeview vintage 2.5 story two-flat (a short walk to Burley grammar school) on a Great residential street/area. Very solid straight structure well cared for by same family for the past 100 years! Building is an extra-wide (@ 21 ft.) and has over 1100 sqft. per floor. Easily duplex down into the 1940's studio-like in-law/rec room that has nearly 7 ft. high ceilings and or duplex up into the full attic. Build a BIG multi-unit income once rehabbed or leave as-is (current rental income$3820/mo w/and room for growth). EZ to RENT to! Newer tear-off roof and New thermal pane windows throughout building. New construction throughout the neighborhood at $1,500,000 +-. Keep the existing structure and build out your dream single family home or build New! Prime location just minutes to shopping, dining, night life, CTA Bown line stop, Wrigleyville, desirable Burley school etc. So many possibilities/opportunities! Nice back yard and garage too.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,E
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1A,B,C,D,J,K,N,S
  • Appliances Unit 2A,B,J,K,S
Schools
  • Grade SchoolBURLEY ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBURLEY ELEMENTARY SCHOOL
  • 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 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 26% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $45,840 Monthly $3,820
Rental Income Stabilized : Annual $55,380 Monthly $4,615
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,0002$324,5003.88%14.160.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,820$4,615
Year Total$45,840$55,380
Expense
Total$20,677$20,677
Net Operating Income$25,163$34,703
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7853 $21744 $29597 $2467
Total         $7,853 $21,744 $29,597   $-4,434 $7,853 $3,419
Stabilized         $7,853 $21,744 $29,597   $5,106 $7,853 $12,959
Custom         $7853 $21744 $29597   $5106 $7853 $12959




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1486,7502,4676421,8256421,8252,467
2486,1082,4676441,8231,2863,6484,934
3485,4642,4676471,8201,9325,4697,401
4484,8182,4676491,8182,5817,2879,868
5484,1692,4676511,8163,2339,10212,335
6483,5172,4676541,8133,88610,91614,802
7482,8642,4676561,8114,54312,72617,269
8482,2072,4676591,8085,20114,53519,736
9481,5492,4676611,8065,86316,34022,203
10480,8872,4676641,8036,52618,14424,670
11480,2242,4676661,8017,19219,94527,137
12479,5582,4676691,7987,86121,74329,604
13478,8892,4676711,7968,53223,53932,071

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Listing Agent: David Berganski
Listing Office: Coldwell Banker Residential
4021 N. Kildare Chicago

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