3 Flat 1122 Wolcott West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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3 Flat 1122 Wolcott West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: 1887

Lot Size: L

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $OWR

Unit 2 Floor 2: 3 bedrooms 1 baths $1300

Unit 3 Floor 3: 3 bedrooms 1 baths $1500

Detailed Listing Description

Nestled on a tree-lined street off Division in desirable Wicker Park is this handsome, vintage 3 unit brownstone, circa 1887. The layout for each unit offers: living room, dining room and kitchen, 3 bedrooms and 1 bath. All are currently rented, except for the first floor owner's unit. Interior features include: hardwood floors, ceramic kitchens and baths with stoves and refrigerators. All units are set up for separate utilities except water. Exterior specs: back porch was reconstructed 7 yrs ago with City permits, flat roof has been well maintained with no leaks, all electrical (circuit breakers) was updated 5 years ago. Has a walkout basement which can be duplexed from first floor or used for storage. Standard lot offers a spacious yard with a newly built 2.5 car garage. It is steps away from Division Street's shops and bistros and right across the street from LaSalle II Magnate School. Superior location to live in purchase as investment! Saturday/Sunday showings only

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,H
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,N,P,S
  • Appliances Unit 2A,B,S
  • Appliances Unit 3A,B,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 30% 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 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $53,460 Monthly $4,455
Rental Income Stabilized : Annual $71,580 Monthly $5,965
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,190,0003$396,6672.23%22.260.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,455$5,965
Year Total$53,460$71,580
Expense
Total$26,890$26,890
Net Operating Income$26,570$44,690
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14399 $39868 $54267 $4523
Total         $14,399 $39,868 $54,267   $-27,697 $14,399 $-13,298
Stabilized         $14,399 $39,868 $54,267   $-9,577 $14,399 $4,822
Custom         $14399 $39868 $54267   $-9577 $14399 $4822




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1892,5004,5231,1763,3471,1763,3474,523
2891,3244,5231,1813,3422,3576,6899,046
3890,1434,5231,1853,3383,54210,02713,569
4888,9584,5231,1893,3344,73113,36118,092
5887,7694,5231,1943,3295,92516,69022,615
6886,5754,5231,1983,3257,12320,01527,138
7885,3774,5231,2033,3208,32623,33531,661
8884,1744,5231,2073,3169,53326,65136,184
9882,9674,5231,2123,31110,74529,96240,707
10881,7554,5231,2163,30711,96233,26845,230
11880,5384,5231,2213,30213,18336,57049,753
12879,3174,5231,2263,29714,40839,86854,276
13878,0924,5231,2303,29315,63843,16158,799

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Listing Agent: Leticia Herrera
Listing Office: Baird & Warner
737 N. Michigan Ave. #1800 Chicago

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