3 Flat 3934 Hermitage Lake View Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 3934 Hermitage Lake View Chicago IL Mu Inv

City: CHICAGO ZIP: 60613

Built In: 1897

Lot Size: A

Lot Dimensions: 125X25

# of Units: 3

Unit 1 Floor C: 2 bedrooms 1 baths $2500

Unit 2 Floor 1: 2 bedrooms 1 baths $1750

Unit 3 Floor 2: 3 bedrooms 2 baths $2595

Gross Income $86,340

Net Op. Income $62,953

Detailed Listing Description

NORTH CENTER/ LAKEVIEW! Incredible investment opportunity in highly desired Blaine school district on quiet, tree-lined street. Many different opportunities with this 2 flat plus a COMPLETELY RENOVATED coach house perfect for owner occupant. Building currently generating great rents but many value add opportunities with updating units to increase rents. 1st floor is 2/1 and can easily duplex down. 2nd floor is 3/2 + den unit duplexed up, also great for an owners unit. Charming coach house is 2/1.1 Ideal for live-in investor while having others pay your mortgage! Spacious deck for coach house + great outdoor space for each unit. A++ location- only 1 block from the brown line, close proximity to highway, 2 blocks to Trader Joe's and walking distance to Southport corridor and Wrigley Field, and TONS of restaurants and shops. 2 car garage rented separately for $300 additional income monthly. Always EASY to rent! Never vacant! With a 93% walk score, this is what you have been looking for!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D,E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,L,S,W,X
  • Appliances Unit 2A,B,E,F,I,W,X
  • Appliances Unit 3A,B,E,F,I,W,X
Schools
  • Grade SchoolBlaine Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 4% more than other 3 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 1% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $82,140 Monthly $6,845
Rental Income Stabilized : Annual $86,868 Monthly $7,239
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,050,0003$350,0005.58%12.780.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,845$7,239
Year Total$82,140$86,868
Expense
Total$23,552$23,552
Net Operating Income$58,588$63,316
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   $10,705 $12,705 $23,410
Stabilized         $12,705 $35,178 $47,883   $15,433 $12,705 $28,138
Custom         $12705 $35178 $47883   $15433 $12705 $28138




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

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Listing Agent: Melanie Giglio
Listing Office: Compass
1844 W Erie St Chicago

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