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2 Flat 3646 Paulina Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1896

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1900

Unit 2 Floor 2: 2 bedrooms 1 baths $2100

Detailed Listing Description

Stately 2-unit Greystone on a beautiful tree-lined street in prime Lakeview. Well maintained vintage units boast refinished hardwood flooring throughout, built-ins, new dishwashers, walk-in pantries, fresh paint, rear sun rooms and central air and heat. Lovely rear yard and two car garage. 1st floor unit has 2 beds|1 bath and 2nd floor unit is a 2 bedroom plus den|1 bath. Tenants pay all utilities with free laundry in basement.

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 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E,I
  • Appliances Unit 2A,B,E,I
Schools
  • Grade SchoolHAMILTON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolHAMILTON ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 1% 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 14% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $41,124 Monthly $3,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$759,0002$379,5003.96%15.810.45%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$3,427
Year Total$48,000$41,124
Expense
Total$17,980$17,980
Net Operating Income$30,020$23,144
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9184 $25429 $34613 $2885
Total         $9,184 $25,429 $34,613   $-4,593 $9,184 $4,591
Stabilized         $9,184 $25,429 $34,613   $-11,469 $9,184 $-2,285
Custom         $9184 $25429 $34613   $-11469 $9184 $-2285




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1569,2502,8857502,1357502,1352,885
2568,5002,8857532,1321,5034,2675,770
3567,7472,8857562,1292,2596,3968,655
4566,9912,8857592,1263,0188,52211,540
5566,2322,8857622,1233,78010,64514,425
6565,4702,8857642,1214,54412,76617,310
7564,7062,8857672,1185,31214,88320,195
8563,9382,8857702,1156,08216,99823,080
9563,1682,8857732,1126,85519,11025,965
10562,3952,8857762,1097,63121,21928,850
11561,6192,8857792,1068,41023,32531,735
12560,8402,8857822,1039,19225,42834,620
13560,0582,8857852,1009,97727,52837,505

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Albany ParkNearby Neighborhoods X Plus Real Estate

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Listing Agent: Richard Kasper
Listing Office: Compass
724 Cummings Kenilworth

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