2 Flat 3623 Ashland Lake View Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









2 Flat 3623 Ashland Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1901

Lot Size: L

Lot Dimensions: 25X107

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $2400

Gross Income $56,400

Net Op. Income $38,000

Detailed Listing Description

HAMILTON SCHOOL DISTRICT! WALK TO SOUTHPORT CORRIDOR & ALL THAT LAKEVIEW HAS TO OFFER FROM THIS RARELY AVAILABLE/TURN-KEY/UPDATED/POTENTIALLY CASH-FLOW POSITIVE GORGEOUS BRICK 2-FLAT;PERFECT FOR OWNER-OCCUPANT OR INVESTOR W/AMAZING 2BD+SUN RM OWNER'S UNIT W/GRANITE/SS KITCHEN & UPDATED BATHS;SIMILAR LEVEL OF FINISHES IN THE 2ND UNIT;INDIV GAS/ELECTRIC W/CENTRAL AIR (NEW AC IN UNIT #2 - JULY 2019) AND GAS-FORCED HEAT (NEW FURNACE IN #1 - 2016) IN EACH UNIT;ENDLESS POSSIBILITIES INCL PERFECT OWNER-OCCUPIED 2-FLAT,SFH CONVERSION CANDIDATE OR BUY/HOLD & RENT OUT BOTH UNITS (UNIT #1 IS PRESENTLY PAYING WELL BELOW MARKET RENT);2-CAR GARAGE,GREAT BACK YARD & HUGE UNFINISHED/DRY BASEMENT W/GREAT CEILING HEIGHT PERFECT FOR DUPLEXING DOWN TO EASILY CREATE A MASSIVE OWNER'S UNIT!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,N,S
Schools
  • Grade SchoolHAMILTON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 7% 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 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $46,800 Monthly $3,900
Rental Income Stabilized : Annual $41,124 Monthly $3,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,5002$349,7502.89%14.950.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,900$3,427
Year Total$46,800$41,124
Expense
Total$26,577$26,577
Net Operating Income$20,223$14,547
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8464 $23435 $31899 $2659
Total         $8,464 $23,435 $31,899   $-11,676 $8,464 $-3,212
Stabilized         $8,464 $23,435 $31,899   $-17,352 $8,464 $-8,888
Custom         $8464 $23435 $31899   $-17352 $8464 $-8888




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,6252,6596921,9676921,9672,659
2523,9332,6596941,9651,3863,9325,318
3523,2392,6596971,9622,0835,8947,977
4522,5422,6596991,9602,7827,85410,636
5521,8432,6597021,9573,4849,81113,295
6521,1412,6597051,9544,18911,76515,954
7520,4362,6597071,9524,89613,71718,613
8519,7292,6597101,9495,60615,66621,272
9519,0192,6597131,9466,31917,61223,931
10518,3062,6597151,9447,03419,55626,590
11517,5912,6597181,9417,75221,49729,249
12516,8732,6597211,9388,47323,43531,908
13516,1522,6597231,9369,19725,37034,567

Explore Nearby Neighborhoods

Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

Albany ParkNearby Neighborhoods X Plus Real Estate

Albany Park

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.