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4 Flat 2257 59 Hirsch West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60622

Built In: 1880

Lot Size: L

Lot Dimensions: 25 X 125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1650

Unit 2 Floor 1: 2 bedrooms 1 baths $1675

Unit 3 Floor 2: 2 bedrooms 1 baths $1305

Unit 4 Floor 2: 2 bedrooms 1 baths $1800

Gross Income $77,160

Net Op. Income $61,669

Detailed Listing Description

Well Located Wicker Park Corner Brick Center Entry Side by Side Unit. Unit mix offers spacious 2 bedroom 1 bath Units. 3 of the 4 units gut renovated 2016-17, Stainless Steel Appliances, Granite Counter tops, Espresso Shaker Cabinetry, Rich Stained Hardwood floors throughout, GFA/Central Air, Individual H20 , Completely remodel baths, tile, vanity, fixtures. Great floor plans, generous bedroom sizes, flooded with light. Full unfinished basement, laundry on site. Additional improvements include but not limited to new roof 2006, Facade tuck pointing and sealing in 2012/2016. Basement skim coat, hallways repainted, and more. Building gross income $77,813 with room to grow. 5 minutes to blue line at North Damen and Milwaukee, 5 minutes to Division st. A true workhorse with rarely a vacancy. Pictures are of 2E which represents 3 of the 4 units and 2W which is the only less renovated unit. Perfect for small -mid size investor. 48 hours notice/Tenants rights.

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,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,S
  • Appliances Unit 4A,B,E,F,I,S
Schools
  • Grade SchoolDE DIEGO ELEMENTARY SCHOOL COMMU
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolCLEMENTE COMMUNITY ACADEMY SENIO
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 0% 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 6% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $77,160 Monthly $6,430
Rental Income Stabilized : Annual $81,648 Monthly $6,804
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$974,9004$243,7255.12%12.630.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,430$6,804
Year Total$77,160$81,648
Expense
Total$27,250$27,250
Net Operating Income$49,910$54,398
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11796 $32662 $44458 $3705
Total         $11,796 $32,662 $44,458   $5,452 $11,796 $17,248
Stabilized         $11,796 $32,662 $44,458   $9,940 $11,796 $21,736
Custom         $11796 $32662 $44458   $9940 $11796 $21736




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1731,1753,7059632,7429632,7423,705
2730,2123,7059672,7381,9305,4807,410
3729,2453,7059702,7352,9008,21511,115
4728,2753,7059742,7313,87410,94614,820
5727,3013,7059782,7274,85213,67318,525
6726,3233,7059812,7245,83316,39722,230
7725,3423,7059852,7206,81819,11725,935
8724,3573,7059892,7167,80721,83329,640
9723,3683,7059922,7138,79924,54633,345
10722,3763,7059962,7099,79527,25537,050
11721,3803,7051,0002,70510,79529,96040,755
12720,3803,7051,0042,70111,79832,66244,460
13719,3773,7051,0072,69812,80635,35948,165

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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