2 Flat 3655 Hermitage Lake View Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 3655 Hermitage Lake View Chicago IL Mu Inv

City: Chicago ZIP: 60613

Built In: 1903

Lot Size: A

Lot Dimensions: 25X108

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1875

Unit 2 Floor 2: 2 bedrooms 1 baths $1975

Detailed Listing Description

Beautifully updated Lakeview 2 flat with many improvements and a top floor owners unit. This building does a great job at staying true to the Vintage characteristics such as the original woodwork and fireplaces but has been modernized with what todays buyer is looking for. Features include: quartz countertops, Bertch cabinets, new dark stainless steel appliances, Vanities with black stainless steel fixtures, bath fitters shower surround, Elfa closets, Hunter Douglas blinds, Rejuvenation & Visual Comfort lighting fixtures, 2 bedroom mounted TV's, new copper plumbing, updated electric, newly redone floors, newer laundry in basement, bluestone custom designed patio & professionally landscaped yard, freshly painted interior. Garage, roof, and windows all done in 2009/10. Over all great bones and nothing to do but keep as an investment or move in. Close by the brown line, Southport Corridor, Roscoe Village, groceries, restaurants, parks, and more!

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
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,N
  • Appliances Unit 2A,B,E,N
Schools
  • 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 0% more than other 2 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $46,200 Monthly $3,850
Rental Income Stabilized : Annual $41,124 Monthly $3,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,9002$374,9503.15%16.230.46%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,850$3,427
Year Total$46,200$41,124
Expense
Total$22,577$22,577
Net Operating Income$23,623$18,547
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9074 $25124 $34198 $2850
Total         $9,074 $25,124 $34,198   $-10,575 $9,074 $-1,501
Stabilized         $9,074 $25,124 $34,198   $-15,651 $9,074 $-6,577
Custom         $9074 $25124 $34198   $-15651 $9074 $-6577




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,4252,8507412,1097412,1092,850
2561,6842,8507442,1061,4854,2155,700
3560,9402,8507462,1042,2316,3198,550
4560,1942,8507492,1012,9808,42011,400
5559,4452,8507522,0983,73210,51814,250
6558,6932,8507552,0954,48712,61317,100
7557,9382,8507582,0925,24514,70519,950
8557,1802,8507612,0896,00616,79422,800
9556,4192,8507632,0876,76918,88125,650
10555,6562,8507662,0847,53520,96528,500
11554,8902,8507692,0818,30523,04531,350
12554,1202,8507722,0789,07725,12334,200
13553,3482,8507752,0759,85227,19837,050

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Listing Agent: Daniel Merrion
Listing Office: Coldwell Banker Residential
5 Buckskin Lemont

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