4 Flat 1429 Cleaver West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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4 Flat 1429 Cleaver West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60642

Built In: 1885

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1995

Unit 2 Floor 2: 2 bedrooms 2 baths $2395

Unit 3 Floor C: 2 bedrooms 2 baths $2550

Unit 4 Floor C: 1 bedrooms 1 baths $1625

Gross Income $10,314

Net Op. Income $88,742

Detailed Listing Description

BEAUTIFULLY RENOVATED 4-UNIT PROPERTY. 3 LEGAL UNITS WITH A NON-CONFORMING GARDEN IN THE COACH HOUSE. 2-UNIT FRONT BUILDING WITH AN ALL BRICK, 2-UNIT COACH HOUSE. THE PROPERTY WAS COMPLETELY RENOVATED IN 2018 WITH NEW PLUMBING, ELECTRICAL, HVAC, NEW MODERN KITCHENS AND BATHS, IN-UNIT LAUNDRY AND NEW FRAMING THROUGHOUT INCLUDING FLOOR TRUSSES. EXCELLENT INVESTMENT OPPORTUNITY!

Additional Property Details

Garage & Parking
  • ParkingN
  • 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,C,D,E,F,G,I,U
  • Appliances Unit 2A,B,C,D,E,F,G,I,U
  • Appliances Unit 3A,B,C,D,E,F,G,I,U
  • Appliances Unit 4A,B,C,D,E,F,G,I,U
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 3% 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 19% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $102,780 Monthly $8,565
Rental Income Stabilized : Annual $101,124 Monthly $8,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,229,0004$307,2506.45%11.960.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,565$8,427
Year Total$102,780$101,124
Expense
Total$23,530$23,530
Net Operating Income$79,250$77,594
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14870 $41175 $56045 $4671
Total         $14,870 $41,175 $56,045   $23,205 $14,870 $38,075
Stabilized         $14,870 $41,175 $56,045   $21,549 $14,870 $36,419
Custom         $14870 $41175 $56045   $21549 $14870 $36419




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1921,7504,6711,2143,4571,2143,4574,671
2920,5364,6711,2193,4522,4336,9099,342
3919,3174,6711,2243,4473,65710,35614,013
4918,0934,6711,2283,4434,88513,79918,684
5916,8654,6711,2333,4386,11817,23723,355
6915,6324,6711,2373,4347,35520,67128,026
7914,3954,6711,2423,4298,59724,10032,697
8913,1534,6711,2473,4249,84427,52437,368
9911,9064,6711,2513,42011,09530,94442,039
10910,6554,6711,2563,41512,35134,35946,710
11909,3994,6711,2613,41013,61237,76951,381
12908,1384,6711,2653,40614,87841,17456,052
13906,8724,6711,2703,40116,14844,57560,723

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Listing Agent: Kevin Schnell
Listing Office: MO2 Brokerage LLC
709 N. Milwaukee Ave Chicago

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