4 Flat 1943 Belle Plaine North Center Chicago IL | Chicago Property Listings – X Plus Real Estate

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4 Flat 1943 Belle Plaine North Center Chicago IL

City: CHICAGO ZIP: 60613

Built In: U

Lot Size: L

Lot Dimensions: 25X120

# of Units: 4

Unit 1 Floor B: 1 bedrooms 1 baths $N/A

Unit 2 Floor 1: 2 bedrooms 1 baths $N/A

Unit 3 Floor 2: 3 bedrooms 1 baths $1650

Unit 4 Floor 3: 1 bedrooms 1 baths $1100

Gross Income $33,000

Net Op. Income $29,340

Detailed Listing Description

Legal 3 unit in the heart of North Center and in Coonley school district. All of the units (including illegal garden) have been updated recently with new(er) kitchens and baths. (see photos). Owners occupy 1st floor with high end kitchen including bosch stainless appliances and beautifully appointed bathroom. Newer roof, garage, windows and much of the electric and plumbing has been updated. 1st floor has GFA/heat. Garden and 2nd floor have GF heat w window units and top floor has wall unit. All of the furnaces have been replaced recently w the exception of the top floor. Basement has common laundry and exercise area. Beautifully landscaped. Rents below market value. Walk to everything Lincoln Square including el, metra, parks, grocery, boutiques and restaurants. Floorplans in ''add'l info''.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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 2J
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,E,F,G,I,N,S
  • Appliances Unit 3A,B,E,S
  • Appliances Unit 4A,B,S
Schools
  • Grade SchoolCOONLEY ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 23% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 12% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $55,200 Monthly $4,600
Rental Income Stabilized : Annual $61,788 Monthly $5,149
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$850,0004$212,5002.46%15.400.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,600$5,149
Year Total$55,200$61,788
Expense
Total$34,281$34,281
Net Operating Income$20,919$27,507
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10285 $28478 $38763 $3231
Total         $10,285 $28,478 $38,763   $-17,844 $10,285 $-7,559
Stabilized         $10,285 $28,478 $38,763   $-11,256 $10,285 $-971
Custom         $10285 $28478 $38763   $-11256 $10285 $-971




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1637,5003,2318402,3918402,3913,231
2636,6603,2318442,3871,6844,7786,462
3635,8163,2318472,3842,5317,1629,693
4634,9693,2318502,3813,3809,54412,924
5634,1203,2318532,3784,23411,92116,155
6633,2663,2318562,3755,09014,29619,386
7632,4103,2318592,3725,94916,66822,617
8631,5513,2318632,3686,81219,03625,848
9630,6883,2318662,3657,67821,40129,079
10629,8223,2318692,3628,54723,76332,310
11628,9533,2318722,3599,41926,12235,541
12628,0813,2318762,35510,29528,47738,772
13627,2053,2318792,35211,17430,82942,003

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Listing Agent: Susan Kanter
Listing Office: Dream Town Realty
4553 N. Lincoln Chicago

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