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Price: $899,000

MLS #: 10460692

Status: Active

4 Flat 1749 Honore West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: 1885

Lot Size: B

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $1350

Unit 2 Floor 1: 2 bedrooms 2 baths $1400

Unit 3 Floor 2: 2 bedrooms 1 baths $1375

Unit 4 Floor 2: 2 bedrooms 1 baths $1500

Investors
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Previous Listing

Map | 0 of 421

Detailed Listing Description

Well maintained brick legal 4 unit building with 2.5 car garage in heart of Bucktown. Newer tuck-pointing, hot water tanks, updated appliances with new common laundry. Building is 4 doors down from 606 Jogging trail and 4 blocks to CTA Blue line, shopping, and restaurants but on a quite tree lined block. Building is a prime candidate for conversion to large single family or condo conversion. Can be combined with the building next door for a truly unique property. With current rents building is at 6% Cap rate with increased property taxes. Building is being sold as-is, proof of funds required to show, please do not bother tenants.

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Map

Property Details

Additional Property Details

Garage & Parking

Gargage On SiteY
Gargage OwnershipA
Gargage TypeB
Number of Gargage Spaces2.5
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
Tenant Pays Unit 4B,C,D

Appliances

Appliances Unit 1A,B,E,I
Appliances Unit 2A,B,E,I
Appliances Unit 3A,B,J
Appliances Unit 4A,B,E

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 8% more than other 4 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 13% more than other 4 unit listings in this neighborhood.

Investors

Calculated Rents
Rental Income : Annual $67,500 Monthly $5,625
Rental Income Stabilized : Annual $84,564 Monthly $7,047

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

$899,0004$224,7504.09%13.320.78%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

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

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

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

Unit 4 :: Beds 2 Baths 1 Floor 2Tenant Pays:B,C,D

Monthly Total$5,625$7,047

Year Total$67,500$84,564

Expense

Total$30,759$30,759

Net Operating Income$36,741$53,805

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

Down

Mortgage $10878 $30119 $40997 $3417

Total $10,878 $30,119 $40,997 $-4,256 $10,878 $6,622

Stabilized $10,878 $30,119 $40,997 $12,808 $10,878 $23,686

Custom $10878 $30119 $40997 $12808 $10878 $23686

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	674,250	3,417	889	2,528	889	2,528	3,417
2	673,361	3,417	892	2,525	1,780	5,054	6,834
3	672,470	3,417	895	2,522	2,676	7,575	10,251
4	671,574	3,417	899	2,518	3,574	10,094	13,668
5	670,676	3,417	902	2,515	4,476	12,609	17,085
6	669,774	3,417	905	2,512	5,382	15,120	20,502
7	668,868	3,417	909	2,508	6,290	17,629	23,919
8	667,960	3,417	912	2,505	7,203	20,133	27,336
9	667,047	3,417	916	2,501	8,118	22,635	30,753
10	666,132	3,417	919	2,498	9,037	25,133	34,170
11	665,213	3,417	922	2,495	9,960	27,627	37,587
12	664,290	3,417	926	2,491	10,885	30,119	41,004
13	663,365	3,417	929	2,488	11,815	32,606	44,421

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Listing Agent: Timothy Trezzo
Listing Office: Century 21 Affiliated
5860 W. Irving Park Rd Chicago

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