4 Flat 721 Melrose Lake View Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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4 Flat 721 Melrose Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: 1901

Lot Size: A

Lot Dimensions: 25 X 147 X 25 X 147

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Unit 3 Floor 3: 4 bedrooms 2 baths $0

Unit 4 Floor G: 2 bedrooms 1 baths $2788

Detailed Listing Description

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,E,F,G,I,N,S
  • Appliances Unit 2A,B,E,I,N,S
  • Appliances Unit 3A,B,E,I,N,S
  • Appliances Unit 4A,B,E,F,G,J,L,U
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 28% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 22% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,456 Monthly $2,788
Rental Income Stabilized : Annual $84,396 Monthly $7,033
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,315,0004$328,750-0.80%39.310.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,788$7,033
Year Total$33,456$84,396
Expense
Total$44,028$44,028
Net Operating Income$-10,572$40,368
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15911 $44056 $59967 $4998
Total         $15,911 $44,056 $59,967   $-70,539 $15,911 $-54,628
Stabilized         $15,911 $44,056 $59,967   $-19,599 $15,911 $-3,688
Custom         $15911 $44056 $59967   $-19599 $15911 $-3688




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1986,2504,9981,3003,6981,3003,6984,998
2984,9504,9981,3043,6942,6047,3929,996
3983,6464,9981,3093,6893,91311,08114,994
4982,3374,9981,3143,6845,22814,76419,992
5981,0224,9981,3193,6796,54718,44324,990
6979,7034,9981,3243,6747,87122,11729,988
7978,3794,9981,3293,6699,20025,78634,986
8977,0504,9981,3343,66410,53429,45039,984
9975,7164,9981,3393,65911,87333,10944,982
10974,3774,9981,3443,65413,21736,76349,980
11973,0334,9981,3493,64914,56640,41254,978
12971,6844,9981,3543,64415,92044,05659,976
13970,3304,9981,3593,63917,28047,69464,974

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Listing Agent: Kristina Klein
Listing Office: Realtopia Real Estate Inc
505 Walsh Avenue Joliet

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