4 Flat 1450 Ashland West Town 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









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
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,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
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 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
$1,050,0004$262,5005.96%10.870.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,050$7,650
Year Total$96,600$91,800
Expense
Total$34,058$34,058
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
Down
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
1787,5003,9911,0382,9531,0382,9533,991
2786,4623,9911,0422,9492,0805,9027,982
3785,4203,9911,0462,9453,1258,84811,973
4784,3753,9911,0502,9414,17511,78915,964
5783,3253,9911,0542,9375,22814,72719,955
6782,2723,9911,0572,9346,28617,66023,946
7781,2143,9911,0612,9307,34720,59027,937
8780,1533,9911,0652,9268,41323,51531,928
9779,0873,9911,0692,9229,48226,43735,919
10778,0183,9911,0732,91810,55629,35439,910
11776,9443,9911,0772,91411,63332,26843,901
12775,8673,9911,0812,91012,71535,17747,892
13774,7853,9911,0862,90513,80038,08351,883

Explore Nearby Neighborhoods

Albany ParkNearby Neighborhoods X Plus Real Estate

Albany Park

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

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