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3 Flat 2849 71st Chicago Lawn Chicago IL Mu

City: CHICAGO ZIP: 60629

Built In: 1958

Lot Size: A

Lot Dimensions: 37X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Unit 3 Floor G: 2 bedrooms 1 baths $0

Detailed Listing Description

GREAT INVESTMENT OPPORTUNITY! JUMBO, BRICK 3 UNIT BUILDING IN MARQUETTE PARK. SPACIOUS AND BRIGHT 1ST AND 2ND FLOOR UNITS WITH 3 BEDROOMS AND LARGE BALCONIES. GARDEN UNIT HAS 2 BEDROOMS. GOOD-SIZED, FENCED YARD. 2 CAR GARAGE. ACROSS FROM THE PARK!

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 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3I
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60629

Listings in this Zip Code average: 3 to 4 units, and are priced at $238,741 to $237,075
This listing is 66% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Chicago Lawn

Listings in this Neighborhood average: 3 to 4 units, with average prices of $217,300 to $237,075
This listing is 62% more than other 3 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $13,500 Monthly $1,125
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$82,0003$27,333-8.12%7.591.37%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$1,125
Year Total$10,800$13,500
Expense
Total$17,456$17,456
Net Operating Income$-6,656$-3,956
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $993 $2748 $3741 $312
Total         $993 $2,748 $3,741   $-10,397 $993 $-9,404
Stabilized         $993 $2,748 $3,741   $-7,697 $993 $-6,704
Custom         $993 $2748 $3741   $-7697 $993 $-6704




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
161,5003128123181231312
261,41931282230163461624
361,33731282230245691936
461,255312822303279211,248
561,173312832294101,1501,560
661,090312832294931,3791,872
761,007312832295761,6082,184
860,924312842286601,8362,496
960,840312842287432,0652,808
1060,757312842288282,2923,120
1160,672312842289122,5203,432
1260,588312852279972,7473,744
1360,503312852271,0822,9744,056

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Listing Agent: Kirby Pearson
Listing Office: Pearson Realty Group
2456 N Greenview Chicago

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