4 Flat 1450 Ashland West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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4 Flat 1450 Ashland West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: 1890

Lot Size: A

Lot Dimensions: 24X83

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $2100

Unit 2 Floor 2: 2 bedrooms 1 baths $2100

Unit 3 Floor 2: 3 bedrooms 2 baths $2500

Unit 4 Floor 1: 0 bedrooms 1 baths $1350

Gross Income $96,550

Detailed Listing Description

Turn key investment in booming Wicker Park. Corner property with three residential units (two 2/1s & one 3/2) and a 950 sqft retail/office space with new floor to ceiling windows to welcome customers. Condo-quality apartments have all the amenities renters want in a location they love. In-unit laundry, dishwasher, 42 inch cabinets, quartz countertops, individual central heat/ac, and NO carpet. New roof and new Hardie Board siding. The retail space benefits from foot traffic and an impressive 35,000 VPD, only .3 miles from interstate and Division CTA stop. Jewel/Mott St/ Emporium-all of the Milwaukee/Division/North Ave action. New development nearby, including Hyatt Hotel. Estimated Gross Annual Rent $96,550.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • 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 Unit 1A,B,C,D,E,F,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,P,S
  • Appliances Unit 3A,B,C,D,E,F,I,P,S
  • Appliances Unit 4I
  • 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 8% 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 1% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $96,600 Monthly $8,050
Rental Income Stabilized : Annual $91,800 Monthly $7,650
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,050$7,650
Year Total$96,600$91,800
Net Operating Income$62,542$57,742
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $12705 $35178 $47883 $3991
Total         $12,705 $35,178 $47,883   $14,659 $12,705 $27,364
Stabilized         $12,705 $35,178 $47,883   $9,859 $12,705 $22,564
Custom         $12705 $35178 $47883   $9859 $12705 $22564

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Sara Linton
Listing Office: Baird & Warner
2028 N. Larabee Chicago

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