4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve

City: CHICAGO ZIP: 60657

Built In: 1898

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 5 bedrooms 3 baths $3200

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Unit 3 Floor 1: 4 bedrooms 3 baths $2400

Unit 4 Floor 2: 3 bedrooms 1 baths $1800

Detailed Listing Description

$49,400 ROI. $83,400 in Annual Rents/ $34000 in Operating Cost. STATELY LAKEVIEW 4-FLAT IN BURLEY SCHOOL DISTRICT. FOUR 2BED/1BATH UNITS. TOTAL RENT INCOME MONTHLY $9400/$112,00 ANNUALLY. FIRST FLOOR UNITS COULD BE OWNER/OCCUPIED UNIT AS ITS NICELY RENOVATED AND DUPLEXED DOWN W/ IN-UNIT W/D. 3 UNITS HAVE UPDATED KITCHENS. ALL HAVE CENTRAL AIR/HVAC. HIGH BASEMENT CEILING HEIGHT. NO GARAGE BUT ALLEY ACCESS AND ONE CAN BE BUILT. MANY OTHER UPDATES TO PROPERTY. SOLID BRICK BUILDING WITH ANNUAL NET INCOME AVERAGING $40,000.

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,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,E,F,I
  • Appliances Unit 4A,B,E,F,I
Schools
  • Grade SchoolBurley Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 21% more than other 4 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 14% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $112,800 Monthly $9,400
Rental Income Stabilized : Annual $116,256 Monthly $9,688
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,449,9004$362,4755.32%12.850.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,400$9,688
Year Total$112,800$116,256
Expense
Total$35,659$35,659
Net Operating Income$77,141$80,597
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $17543 $48576 $66119 $5510
Total         $17,543 $48,576 $66,119   $11,022 $17,543 $28,565
Stabilized         $17,543 $48,576 $66,119   $14,478 $17,543 $32,021
Custom         $17543 $48576 $66119   $14478 $17543 $32021




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,087,4255,5101,4324,0781,4324,0785,510
21,085,9935,5101,4384,0722,8708,15011,020
31,084,5555,5101,4434,0674,31312,21716,530
41,083,1125,5101,4484,0625,76116,27922,040
51,081,6645,5101,4544,0567,21520,33527,550
61,080,2105,5101,4594,0518,67424,38633,060
71,078,7515,5101,4654,04510,13928,43138,570
81,077,2865,5101,4704,04011,60932,47144,080
91,075,8165,5101,4764,03413,08436,50649,590
101,074,3415,5101,4814,02914,56640,53455,100
111,072,8595,5101,4874,02316,05244,55860,610
121,071,3735,5101,4924,01817,54548,57566,120
131,069,8805,5101,4984,01219,04352,58771,630

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Listing Agent: Kimberly Chase-Harding
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
4919 S Blackstone Chicago

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