2 Flat 1623 Byron Lake View Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 1623 Byron Lake View Chicago IL Mu Investm

City: CHICAGO ZIP: 60613

Built In: 1892

Lot Size: L

Lot Dimensions: 50 X 78

Lot Description: E,H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1700

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Gross Income $2,375

Detailed Listing Description

Opportunity to live in Lakeview with help to pay the mortgage. Blaine school district, private driveway parking, close to Brown line, Southport corridor, Trader Joes and other amenities. Sunlit corner lot! Large kitchen with lots of counter space & room for a table besides a huge formal dining room. Wood burning fireplaces & separate furnaces with central air. Roof about 15 years old (tear-off). Basement apt currently occupied. Expandable attic currently used for storage. Great Investment & a fabulous location! Some notice needed due to tenants. Tenancy: Owner 2nd floor, 1st floor till end of July, basement month to month.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,E,I,S
  • Appliances Unit 2A,B,E,I,S
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 12% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 25% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $20,400 Monthly $1,700
Rental Income Stabilized : Annual $46,140 Monthly $3,845
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$659,0002$329,5000.07%32.300.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,700$3,845
Year Total$20,400$46,140
Expense
Total$19,914$19,914
Net Operating Income$486$26,226
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7974 $22079 $30053 $2505
Total         $7,974 $22,079 $30,053   $-29,567 $7,974 $-21,593
Stabilized         $7,974 $22,079 $30,053   $-3,827 $7,974 $4,147
Custom         $7974 $22079 $30053   $-3827 $7974 $4147




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1494,2502,5056521,8536521,8532,505
2493,5982,5056541,8511,3063,7045,010
3492,9442,5056561,8491,9625,5537,515
4492,2882,5056591,8462,6217,39910,020
5491,6292,5056611,8443,2829,24312,525
6490,9682,5056641,8413,94611,08415,030
7490,3042,5056661,8394,61312,92217,535
8489,6372,5056691,8365,28114,75920,040
9488,9692,5056711,8345,95316,59222,545
10488,2972,5056741,8316,62718,42325,050
11487,6232,5056761,8297,30320,25227,555
12486,9472,5056791,8267,98222,07830,060
13486,2682,5056811,8248,66423,90132,565

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Listing Agent: Lynn Pufpaf
Listing Office: Baird & Warner
6116 N. Springfield Chicago

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