3 Flat 1336 Erie West Town Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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3 Flat 1336 Erie West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60642

Built In: 1875

Lot Size: A

Lot Dimensions: 25X65 + 25X65 + 25X65

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Detailed Listing Description

This sale includes a 3 unit building at 1336 Erie, and two lots behind the building at 1331 Ancona and 1335 Ancona. Huge potential here. The three unit building 1st floor apartment is a duplex down. All apartments have in unit washer/dryers. Incredible buy in a prime area. Three pins included. These properties are a part of a larger portfolio and additional properties can be purchased. Building on Erie is now occupied.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,P
  • Appliances Unit 2A,B,P
  • Appliances Unit 3A,B,P
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 43% 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 72% more than other 3 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $28,800 Monthly $2,400
Rental Income Stabilized : Annual $36,000 Monthly $3,000
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,500,0003$500,0000.26%52.080.20%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,400$3,000
Year Total$28,800$36,000
Expense
Total$24,906$24,906
Net Operating Income$3,894$11,094
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18149 $50254 $68403 $5701
Total         $18,149 $50,254 $68,403   $-64,509 $18,149 $-46,360
Stabilized         $18,149 $50,254 $68,403   $-57,309 $18,149 $-39,160
Custom         $18149 $50254 $68403   $-57309 $18149 $-39160




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,125,0005,7011,4824,2191,4824,2195,701
21,123,5185,7011,4884,2132,9708,43211,402
31,122,0305,7011,4934,2084,46312,64017,103
41,120,5375,7011,4994,2025,96216,84222,804
51,119,0385,7011,5054,1967,46721,03828,505
61,117,5335,7011,5104,1918,97725,22934,206
71,116,0235,7011,5164,18510,49329,41439,907
81,114,5075,7011,5224,17912,01533,59345,608
91,112,9855,7011,5274,17413,54237,76751,309
101,111,4585,7011,5334,16815,07541,93557,010
111,109,9255,7011,5394,16216,61446,09762,711
121,108,3865,7011,5454,15618,15850,25468,412
131,106,8425,7011,5504,15119,70954,40474,113

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Listing Agent: Jennifer Fay
Listing Office: RE/MAX Edge
1730 Park St. #109 Naperville

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