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1428 Wilmette

City: WILMETTE ZIP: 60091

Built In: 1889

Lot Size: A

Lot Dimensions: 7268

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2950

Unit 2 Floor 2: 3 bedrooms 2 baths $3100

Detailed Listing Description

Full interior and exterior gut rehab completed in 2018. This building was originally used as The John S. Smith Groceries c1885-1925. It is Located next to Earlywine Park and backs up to McKenzie Elementary School. Unit 1 features 3 bedroom & 2 bathrooms. The master bedroom has a private deck that overlooks the park. Unit 2 is a duplex (2nd and 3rd floor) and features 3 bedroom & 2 bathrooms. The entire 3rd floor is the master bedroom suite. It has a 16 x 16 private 2nd floor deck located off of the kitchen. Both units feature hardwood floors throughout with carpet in the master bedrooms, LED lighting throughout, full size Washer & Dryer in unit, white shaker cabinets with quartz counter tops and stainless appliances, central heating and A/C. Built to today's energy efficient standards. New Hardie board siding, roof, gutters, 2 car garage, driveway and concrete work. This building is turn-key and easy to manage with great tenants! Broker owned.

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
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,N,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,N,S,T
Schools
  • Grade SchoolMCKENZIE ELEMENTARY SCHOOL
  • Grade School District39
  • Jr High/Middle SchoolHIGHCREST MIDDLE SCHOOL
  • Jr High/Middle School District39
  • High SchoolNEW TRIER TWP H.S. NORTHFIELD/WI
  • High School District203

Comparative Data

Zip Code Comparison: 60091

Listings in this Zip Code average: 0 units,


Calculated Rents
Rental Income : Annual $72,600 Monthly $6,050
Rental Income Stabilized : Annual $74,244 Monthly $6,187
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$899,9002$449,9505.52%12.400.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,050$6,187
Year Total$72,600$74,244
Expense
Total$22,938$22,938
Net Operating Income$49,662$51,306
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10889 $30149 $41038 $3420
Total         $10,889 $30,149 $41,038   $8,624 $10,889 $19,513
Stabilized         $10,889 $30,149 $41,038   $10,268 $10,889 $21,157
Custom         $10889 $30149 $41038   $10268 $10889 $21157




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,9253,4208892,5318892,5313,420
2674,0363,4208922,5281,7815,0596,840
3673,1443,4208962,5242,6777,58310,260
4672,2483,4208992,5213,57610,10413,680
5671,3493,4209022,5184,47912,62117,100
6670,4463,4209062,5145,38415,13620,520
7669,5413,4209092,5116,29417,64623,940
8668,6313,4209132,5077,20620,15427,360
9667,7193,4209162,5048,12222,65830,780
10666,8033,4209192,5019,04225,15834,200
11665,8833,4209232,4979,96527,65537,620
12664,9603,4209262,49410,89130,14941,040
13664,0343,4209302,49011,82132,63944,460

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Listing Agent: Jason Reiner
Listing Office: Solid Realty Services Inc
1225 Washington Ave Wilmette

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