3 Flat 1243 Erie West Town Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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3 Flat 1243 Erie West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60642

Built In: 1992

Lot Size: A

Lot Dimensions: 3048 SF

# of Units: 3

Unit 1 Floor 3: 3 bedrooms 3 baths $3000

Unit 2 Floor 2: 3 bedrooms 2 baths $2500

Unit 3 Floor 1: 3 bedrooms 2 baths $2500

Gross Income $96,000

Net Op. Income $69,760

Detailed Listing Description

Perfect 3 Unit investment property in East Village! This building has 4 newer Furnaces and a/c units. Building was caulked and sealed in May of this year. Long time tenants and a great investment property that would be perfect for any investor! The Duplex Up also has a potential for a 3rd bath or a 2nd en suite with an office or a loft space!!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E,I,K
  • Appliances Unit 2A,B,E,F,I,K
  • Appliances Unit 3A,B,E,I,K
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 12% more than other 3 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 34% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $96,000 Monthly $8,000
Rental Income Stabilized : Annual $118,344 Monthly $9,862
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,170,0003$390,0005.48%12.190.84%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,000$9,862
Year Total$96,000$118,344
Expense
Total$31,896$31,896
Net Operating Income$64,104$86,448
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14157 $39198 $53355 $4447
Total         $14,157 $39,198 $53,355   $10,749 $14,157 $24,906
Stabilized         $14,157 $39,198 $53,355   $33,093 $14,157 $47,250
Custom         $14157 $39198 $53355   $33093 $14157 $47250




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1877,5004,4471,1563,2911,1563,2914,447
2876,3444,4471,1613,2862,3176,5778,894
3875,1834,4471,1653,2823,4829,85913,341
4874,0184,4471,1693,2784,65213,13617,788
5872,8484,4471,1743,2735,82516,41022,235
6871,6754,4471,1783,2697,00419,67826,682
7870,4964,4471,1833,2648,18622,94331,129
8869,3144,4471,1873,2609,37326,20335,576
9868,1274,4471,1923,25510,56529,45840,023
10866,9354,4471,1963,25111,76132,70944,470
11865,7394,4471,2003,24712,96135,95648,917
12864,5394,4471,2053,24214,16639,19853,364
13863,3344,4471,2093,23815,37642,43557,811

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Listing Agent: Martin Flynn
Listing Office: RE/MAX Properties Northwest
1002 E. GREENWOOD MOUNT PROSPECT

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