2 Flat 850 Wolcott West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 850 Wolcott West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 2: 3 bedrooms 2 baths $3500

Gross Income $66,000

Net Op. Income $52,000

Detailed Listing Description

Charming home in East Village!This gorgeous 2-unit is ideally situated on a quite, tree-lined street in the heart of West Town.3 bed,2 bath top-floor owner's unit is recently renovated duplex-up, featuring a brand new master bath with free standing tub, a spacious private outdoor deck, skylights, beautiful Brazilian cherry hardwood floors, exposed brick. Living room area with fireplace, large chef's kitchen and newly installed bar adjacent to dining area.Unit 1 on the ground level is an expansive, light-filled 2-bed, 1-bath+home office - ideal for renting and offsetting your mortgage payment or extending into a large single-family home! High potential for rent increase for Unit 1. Additional features include a large fenced backyard with newly-built fire pit and brick patio area.Perfect for investors,SFH developer and/or owner occupants. Agent related to the seller.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2A
  • Appliances Unit 1A,B,C,D
  • Appliances Unit 2A,B,C,D,E
  • 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 68% more than other 2 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 50% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $66,000 Monthly $5,500
Rental Income Stabilized : Annual $56,208 Monthly $4,684
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,500$4,684
Year Total$66,000$56,208
Net Operating Income$41,995$32,203
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10878 $30119 $40997 $3417
Total         $10,878 $30,119 $40,997   $998 $10,878 $11,876
Stabilized         $10,878 $30,119 $40,997   $-8,794 $10,878 $2,084
Custom         $10878 $30119 $40997   $-8794 $10878 $2084

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Olenka Shkrobut
Listing Office: Coldwell Banker Residential
1225 W 22nd St Oak Brook

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