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4 Flat 1544 Wabansia West Town Chicago IL Mu Inve

City: CHICAGO ZIP: 60642

Built In: 1890

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 2 baths $2245

Unit 2 Floor 2: 4 bedrooms 2 baths $2350

Unit 3 Floor 1: 3 bedrooms 2 baths $2245

Unit 4 Floor 2: 2 bedrooms 1 baths $1595

Gross Income $10,248

Net Op. Income $73,171

Detailed Listing Description

Gut rehab in 2015 with significant improvements to roof and foundation. Brand new finishes with HW flooring, cabinets, stainless steel appliances. Right off North Ave. on the border of Bucktown & Wicker Park. Unit mix includes two duplex-down units, a 2 bed 1 bath unit, and a duplex-up 4 BD unit.

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,E,I,S
  • Appliances Unit 2A,B,E,I,S
  • Appliances Unit 3A,B,E,I,S
  • Appliances Unit 4A,B,E,I,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 21% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 4% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $101,220 Monthly $8,435
Rental Income Stabilized : Annual $152,796 Monthly $12,733
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$995,0004$248,7507.12%9.831.28%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,435$12,733
Year Total$101,220$152,796
Expense
Total$30,369$30,369
Net Operating Income$70,851$122,427
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12039 $33335 $45374 $3782
Total         $12,039 $33,335 $45,374   $25,477 $12,039 $37,516
Stabilized         $12,039 $33,335 $45,374   $77,053 $12,039 $89,092
Custom         $12039 $33335 $45374   $77053 $12039 $89092




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1746,2503,7829842,7989842,7983,782
2745,2663,7829872,7951,9715,5937,564
3744,2793,7829912,7912,9628,38411,346
4743,2883,7829952,7873,95611,17215,128
5742,2943,7829982,7844,95513,95518,910
6741,2953,7821,0022,7805,95716,73522,692
7740,2933,7821,0062,7766,96319,51126,474
8739,2873,7821,0102,7727,97322,28330,256
9738,2773,7821,0132,7698,98625,05234,038
10737,2643,7821,0172,76510,00327,81737,820
11736,2473,7821,0212,76111,02430,57841,602
12735,2263,7821,0252,75712,04933,33545,384
13734,2013,7821,0292,75313,07836,08849,166

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Listing Agent: Milan Rubenstein
Listing Office: Windy City RE LLC
161 East Chicago Ave. #28B Chicago

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