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Price: $999,000

MLS #: 10451490

Status: Active

4 Flat 3857 Lawndale Irving Park Chicago IL Mu In

City: CHICAGO ZIP: 60618

Built In: 1921

Lot Size: A

Lot Dimensions: 30 X 125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 2 baths $1700

Unit 2 Floor 2: 2 bedrooms 1 baths $1700

Unit 3 Floor 1: 2 bedrooms 1 baths $1700

Unit 4 Floor 2: 2 bedrooms 1 baths $1700

Gross Income $81,600

Investors
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Previous Listing

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Detailed Listing Description

Four condo quality units in fantastic, rapidly appreciating, Independence Park. Walking distance to the Blue Line (Addison and Irving Park) and the Irving Park Metra Station, restaurants, grocery, and parks. Located in Murphy elementary school district and just steps from Disney II magnet High School. This is a great turnkey investment opportunity for someone looking to do a 1031 Exchange, or just looking for a building in great condition.

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Map

Property Details

Additional Property Details

Garage & Parking

ParkingN
Number of Parking Spaces0
Parking Fee/Lease Amount0

Utilities

Tenant Pays Unit 1B,C,D
Tenant Pays Unit 2B,C,D
Tenant Pays Unit 3B,C,D
Tenant Pays Unit 4B,C,D

Appliances

Appliances Unit 1A,B,C,D,E,F,G,I,P,S
Appliances Unit 2A,B,C,D,E,F,G,I,P,S
Appliances Unit 3A,B,C,D,E,F,G,I,P,S
Appliances Unit 4A,B,C,D,E,F,G,I,P,S

Schools

Grade SchoolMurphy Elementary School
Grade School District299
Jr High/Middle School District299
High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 23% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 56% more than other 4 unit listings in this neighborhood.

Investors

Calculated Rents
Rental Income : Annual $81,600 Monthly $6,800
Rental Income Stabilized : Annual $75,840 Monthly $6,320

Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized

$999,0004$249,7505.13%12.240.63%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 2 Baths 2 Floor 1Tenant Pays:B,C,D

Unit 2 :: Beds 2 Baths 1 Floor 2Tenant Pays:B,C,D

Unit 3 :: Beds 2 Baths 1.5 Floor 1Tenant Pays:B,C,D

Unit 4 :: Beds 2 Baths 1.5 Floor 2Tenant Pays:B,C,D

Monthly Total$6,800$6,320

Year Total$81,600$75,840

Expense

Total$30,323$30,323

Net Operating Income$51,277$45,517

Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return

Down

Mortgage $12088 $33469 $45557 $3797

Total $12,088 $33,469 $45,557 $5,720 $12,088 $17,808

Stabilized $12,088 $33,469 $45,557 $-40 $12,088 $12,048

Custom $12088 $33469 $45557 $-40 $12088 $12048

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	749,250	3,797	987	2,810	987	2,810	3,797
2	748,263	3,797	991	2,806	1,978	5,616	7,594
3	747,272	3,797	995	2,802	2,973	8,418	11,391
4	746,277	3,797	998	2,799	3,972	11,216	15,188
5	745,278	3,797	1,002	2,795	4,974	14,011	18,985
6	744,276	3,797	1,006	2,791	5,980	16,802	22,782
7	743,270	3,797	1,010	2,787	6,989	19,590	26,579
8	742,261	3,797	1,014	2,783	8,003	22,373	30,376
9	741,247	3,797	1,017	2,780	9,020	25,153	34,173
10	740,230	3,797	1,021	2,776	10,041	27,929	37,970
11	739,209	3,797	1,025	2,772	11,066	30,701	41,767
12	738,184	3,797	1,029	2,768	12,095	33,469	45,564
13	737,155	3,797	1,033	2,764	13,128	36,233	49,361

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Listing Agent: Mark Watkins
Listing Office: Dream Town Realty
3800 N. Lawndale Ave. Chicago

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