2 Flat 1837 Grand West Town Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 1837 Grand West Town Chicago IL Mu Investm

City: CHICAGO ZIP: 60622

Built In: 1932

Lot Size: K

Lot Dimensions: 48' X 95'

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 1 baths $4413

Unit 2 Floor 2: 2 bedrooms 3 baths $OWNE

Gross Income $52,956

Detailed Listing Description

Functional and massive Live/Work & retail 2 flat in West Town. Building goes lot line to lot line, on a extra wide 48' X 95'parcel. Currently 3600 square ft of retail on the 1st floor and 5000 square ft of beautifully designed gallery/residential loft. Retail space is a children's party/play space with large windows and great visibility on Grand Ave. 2nd flr is big, open, bright space, including a 37' X 23' gallery. 2 en suite bedrooms, master with large walk-in closet, separate shower, and double vanity. Large Chef's kitchen with NEFF cabinetry and plenty of counter space. Hardwood floors and high ceilings throughout. Huge windows and skylights provide tons of sunlight. Building has thermopane windows, and new HVAC systems, hot water tank, appliances, and tuckpointing. 2 car attached garage. Invest or live in the new designer row with designers, furniture and home furnishing boutiques, and upscale salvage dealers, as neighbors. Near Fulton market, the West Loop, United Center.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,H,I
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,E,I,S
  • Appliances Unit 2A,B,C,D,E,I,M,N,P,R,S,T,U
  • 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 264% more than other 2 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 226% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $52,956 Monthly $4,413
Rental Income Stabilized : Annual $52,956 Monthly $4,413
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,413$4,413
Year Total$52,956$52,956
Net Operating Income$21,833$21,833
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $23594 $65330 $88924 $7411
Total         $23,594 $65,330 $88,924   $-67,091 $23,594 $-43,497
Stabilized         $23,594 $65,330 $88,924   $-67,091 $23,594 $-43,497
Custom         $23594 $65330 $88924   $-67091 $23594 $-43497

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: James Kramer
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
1800 N Clybourn, 2nd Floor Chicago

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