3 Flat 2631 Haddon West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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3 Flat 2631 Haddon West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1650

Unit 2 Floor 2: 2 bedrooms 1 baths $1550

Unit 3 Floor 3: 2 bedrooms 1 baths $1700

Gross Income $56,400

Detailed Listing Description

Fully occupied classic all brick 3 unit building in excellent Ukrainian Village location! Turn-key nicely finished cash-flowing investment property - could be kept for cash flow or use a unit as owner's unit. Building fully updated over past 10 years: roof, tuck pointing, windows, doors, HVAC, water heaters, kitchens, bathrooms! Tenants pay gas and electricity. 3 storage units in basement. Strong cash flow but rents could easily be increased this summer. All 3 leases expire summer 2019.

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 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,F,I,K,N,S
  • Appliances Unit 2A,B,E,F,I,K,S
  • Appliances Unit 3A,B,E,F,I,K,S
Schools
  • 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 15% more than other 3 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 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,800 Monthly $4,900
Rental Income Stabilized : Annual $63,144 Monthly $5,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$775,0003$258,3334.41%13.180.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,900$5,262
Year Total$58,800$63,144
Expense
Total$24,638$24,638
Net Operating Income$34,162$38,506
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9377 $25965 $35342 $2946
Total         $9,377 $25,965 $35,342   $-1,180 $9,377 $8,197
Stabilized         $9,377 $25,965 $35,342   $3,164 $9,377 $12,541
Custom         $9377 $25965 $35342   $3164 $9377 $12541




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1581,2502,9467662,1807662,1802,946
2580,4842,9467692,1771,5354,3575,892
3579,7152,9467722,1742,3086,5308,838
4578,9422,9467752,1713,0838,70111,784
5578,1672,9467782,1683,86010,87014,730
6577,3902,9467812,1654,64113,03517,676
7576,6092,9467842,1625,42515,19720,622
8575,8252,9467872,1596,21217,35623,568
9575,0382,9467902,1567,00119,51326,514
10574,2492,9467932,1537,79421,66629,460
11573,4562,9467962,1508,58923,81732,406
12572,6612,9467992,1479,38825,96435,352
13571,8622,9468022,14410,18928,10938,298

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Listing Agent: Michael Gaffney
Listing Office: @properties
1586 N Clybourn Ave Chicago

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