4 Flat 1749 Honore West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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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

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.

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.


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
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




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,2503,4178892,5288892,5283,417
2673,3613,4178922,5251,7805,0546,834
3672,4703,4178952,5222,6767,57510,251
4671,5743,4178992,5183,57410,09413,668
5670,6763,4179022,5154,47612,60917,085
6669,7743,4179052,5125,38215,12020,502
7668,8683,4179092,5086,29017,62923,919
8667,9603,4179122,5057,20320,13327,336
9667,0473,4179162,5018,11822,63530,753
10666,1323,4179192,4989,03725,13334,170
11665,2133,4179222,4959,96027,62737,587
12664,2903,4179262,49110,88530,11941,004
13663,3653,4179292,48811,81532,60644,421

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

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