4 Flat 1036 Honore West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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4 Flat 1036 Honore West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 125 X25

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $1450

Unit 2 Floor 1: 1 bedrooms 1 baths $1500

Unit 3 Floor 2: 1 bedrooms 1 baths $1600

Unit 4 Floor 2: 1 bedrooms 1 baths $1600

Detailed Listing Description

HOT all brick, 4 unit building in Wicker Park | Ukrainian Village location, steps from Division corridor. ALL units one bedroom, with two including offices as well. ALL units have in unit washer & dryer. 3 of 4 units have private entrances. Two of four units have large, rear decks. One unit completely renovated. All units hardwood floors and great natural light. HUGE opportunity to increase rental value as long term tenants & unknowing landlord of true market value have kept rents low. One unit about to become vacant 8/1 for your opportunity to increase rents moving forward OR Air BnB. Rear decks upgraded two years ago. Front facade doors recently painted. Building recently tuck pointed. Storage units within garage. Well maintained landscaping (adjacent neighbor will continue to care for if you would like). Tenant occupied and needs 48 hour notice for showings. THIS TUESDAY, July 16, 4:30-6:30 brokers & public open to show all units. COME SEE this gem investment property and make yours

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,I
  • Tenant Pays Unit 2B,C,I
  • Tenant Pays Unit 3B,C,I
  • Tenant Pays Unit 4B,C,I
  • Appliances Unit 1A,B,C,D,E,F
  • Appliances Unit 2A,B,C,D,E,F
  • Appliances Unit 3A,B,C,D,E,F
  • Appliances Unit 4A,B,C,D,E,F
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 10% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 4% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $73,800 Monthly $6,150
Rental Income Stabilized : Annual $81,720 Monthly $6,810
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,150$6,810
Year Total$73,800$81,720
Net Operating Income$42,409$50,329
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $13007 $36016 $49023 $4086
Total         $13,007 $36,016 $49,023   $-6,614 $13,007 $6,393
Stabilized         $13,007 $36,016 $49,023   $1,306 $13,007 $14,313
Custom         $13007 $36016 $49023   $1306 $13007 $14313

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Laura Rahilly
Listing Office: Coldwell Banker Residential
1858 W. Berenice Ave Unit 2 Chicago

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