4 Flat 3857 Lawndale Irving Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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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

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.

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.


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
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




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1749,2503,7979872,8109872,8103,797
2748,2633,7979912,8061,9785,6167,594
3747,2723,7979952,8022,9738,41811,391
4746,2773,7979982,7993,97211,21615,188
5745,2783,7971,0022,7954,97414,01118,985
6744,2763,7971,0062,7915,98016,80222,782
7743,2703,7971,0102,7876,98919,59026,579
8742,2613,7971,0142,7838,00322,37330,376
9741,2473,7971,0172,7809,02025,15334,173
10740,2303,7971,0212,77610,04127,92937,970
11739,2093,7971,0252,77211,06630,70141,767
12738,1843,7971,0292,76812,09533,46945,564
13737,1553,7971,0332,76413,12836,23349,361

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

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