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2239 Fletcher

City: CHICAGO ZIP: 60618

Built In: 1886

Lot Size: A

Lot Dimensions: 125X25

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $975

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor 3: 3 bedrooms 2 baths $2200

Gross Income $55,500

Net Op. Income $55,250

Detailed Listing Description

Great Investment - 3 Flat in prime Lakeview location on tree lined Fletcher. Top floor is duplexed up to finished top level with spacious sitting room, master suite, skylights and in unit washer/dryer. 2nd and 3rd floor units have separate breakfast rooms, hardwood floors in main rooms and spacious layouts. All units are meticulously maintained! Detached 2 car garage offers additional income potential and storage. Well manicured lush backyard. Building is fully rented. Jahn Elementary School District.

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 1B,C,E
  • Tenant Pays Unit 2B,C,E
  • Tenant Pays Unit 3B,C,E
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B,C,D,E
Schools
  • Grade SchoolJAHN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolJAHN ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 19% more than other 3 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 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,300 Monthly $4,275
Rental Income Stabilized : Annual $68,184 Monthly $5,682
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0003$233,0004.39%13.630.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,275$5,682
Year Total$51,300$68,184
Expense
Total$20,618$20,618
Net Operating Income$30,682$47,566
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-1,195 $8,458 $7,263
Stabilized         $8,458 $23,419 $31,877   $15,689 $8,458 $24,147
Custom         $8458 $23419 $31877   $15689 $8458 $24147




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

Explore Nearby Neighborhoods

North CenterNearby Neighborhoods X Plus Real Estate

North Center

LakeviewNearby Neighborhoods X Plus Real Estate

Lakeview

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Listing Agent: Sam Cusentino
Listing Office: @properties
1836 W Newport Ave Chicago

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