4 Flat 1447 Washtenaw West Town Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 1447 Washtenaw West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 30 X 125

# of Units: 4

Unit 1 Floor G: 3 bedrooms 1 baths $1278

Unit 2 Floor 1: 3 bedrooms 1 baths $1111

Unit 3 Floor 2: 3 bedrooms 1 baths $1278

Unit 4 Floor 3: 3 bedrooms 1 baths $1775

Gross Income $64,704

Net Op. Income $47,178

Detailed Listing Description

Renovated legal 4-flat in East Humboldt Park! Newer plumbing, electric, HVAC, drywall, doors/trim, hardwood flooring, kitchens/baths, windows, porch and 3 car garage. Coin laundry in basement. All separate utilities. 2 blocks from Humboldt Park and 3 blocks to the 606. All 3 bed/1 bath apartments. All the heavy lifting done, sit back and collect rents! (3 of the 4 units are part of the City of Chicago "Affordable Requirements Ordinance (ARO)" program and have set annual rent increases - ask broker for more details)

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipN
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,E,F,G,I,N,S
  • Appliances Unit 2A,B,E,F,G,I,N,S
  • Appliances Unit 3A,B,E,F,G,I,N,S
  • Appliances Unit 4A,B,E,F,G,I,N
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 28% 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 32% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $65,304 Monthly $5,442
Rental Income Stabilized : Annual $91,956 Monthly $7,663
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,9004$174,9755.46%10.721.09%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,442$7,663
Year Total$65,304$91,956
Expense
Total$27,120$27,120
Net Operating Income$38,184$64,836
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8469 $23449 $31918 $2660
Total         $8,469 $23,449 $31,918   $6,266 $8,469 $14,735
Stabilized         $8,469 $23,449 $31,918   $32,918 $8,469 $41,387
Custom         $8469 $23449 $31918   $32918 $8469 $41387




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,9252,6606921,9686921,9682,660
2524,2332,6606941,9661,3863,9345,320
3523,5392,6606971,9632,0825,8987,980
4522,8432,6606991,9612,7827,85810,640
5522,1432,6607021,9583,4849,81613,300
6521,4412,6607051,9554,18811,77215,960
7520,7372,6607071,9534,89613,72418,620
8520,0292,6607101,9505,60515,67521,280
9519,3202,6607131,9476,31817,62223,940
10518,6072,6607151,9457,03319,56726,600
11517,8922,6607181,9427,75121,50929,260
12517,1742,6607211,9398,47223,44831,920
13516,4532,6607231,9379,19525,38534,580

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Listing Agent: Scott Broene
Listing Office: Property Consultants Realty
1314 N Rockwell #1 Chicago

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