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7524 63rd

City: SUMMIT ZIP: 60501

Built In: 1963

Lot Size: A

Lot Dimensions: 3125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $800

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $0

Detailed Listing Description

Beautifully updated, all brick income property with 2 car garage. Each unit is 2 bed/1bath, kitchen, dining and living room. Fully occupied with good tenants! Great location to elementary and high school, library, public transportation and coin laundry.

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
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,F
  • Appliances Unit 2O
  • Appliances Unit 3A,B
Schools
  • Grade School District104
  • Jr High/Middle School District104
  • High School District217

Comparative Data

Zip Code Comparison: 60501

Listings in this Zip Code average: 2 to 3 units, and are priced at $201,429 to $207,967
This listing is 42% more than other 3 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $25,500 Monthly $2,125
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$295,0003$98,333-3.28%30.730.72%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$2,125
Year Total$9,600$25,500
Expense
Total$19,282$19,282
Net Operating Income$-9,682$6,218
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3570 $9884 $13454 $1122
Total         $3,570 $9,884 $13,454   $-23,136 $3,570 $-19,566
Stabilized         $3,570 $9,884 $13,454   $-7,236 $3,570 $-3,666
Custom         $3570 $9884 $13454   $-7236 $3570 $-3666




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1221,2501,1222928302928301,122
2220,9581,1222938295861,6582,244
3220,6641,1222958278802,4863,366
4220,3701,1222968261,1763,3124,488
5220,0741,1222978251,4734,1375,610
6219,7771,1222988241,7704,9626,732
7219,4801,1222998232,0695,7857,854
8219,1811,1223008222,3696,6078,976
9218,8811,1223018212,6717,42710,098
10218,5791,1223028202,9738,24711,220
11218,2771,1223038193,2769,06612,342
12217,9741,1223058173,5819,88313,464
13217,6691,1223068163,88710,69914,586

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Listing Agent: Ruby Park
Listing Office: Main Street Real Estate Group
4141 Williamsburg Ct. #301 Glenview

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.