3 Flat 7505 58th Summit IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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3 Flat 7505 58th Summit IL Mu Investment

City: SUMMIT ZIP: 60501

Built In: 1919

Lot Size: A

Lot Dimensions: 30 X 130

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Hard to find ,well maintained and updated 3 separate legal unit income property with individual air/furnace in Summit. Conveniently located near expressways and airports. Taxes can be lowered with homeowner occupancy. Ample windows throughout unit for natural lights, move in ready. Too many updates to list. Schedule a tour to view.

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,F,G,H
  • Tenant Pays Unit 2B,C,D,F,G,H
  • Tenant Pays Unit 3B,C,D,F,G,H
  • Appliances Unit 1A,B,I,N
  • Appliances Unit 2A,B,I
  • Appliances Unit 3A,B,I
  • Grade School District104
  • Jr High/Middle School District104
  • High School District104

Comparative Data

Zip Code Comparison: 60501

Listings in this Zip Code average: 2 to 3 units, and are priced at $201,429 to $207,967
This listing is 4% more than other 3 unit listings in this zipcode.

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

Calculated Rents
Rental Income : Annual $22,080 Monthly $1,840
Rental Income Stabilized : Annual $27,600 Monthly $2,300
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,840$2,300
Year Total$22,080$27,600
Net Operating Income$4,458$9,978
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $2411 $6674 $9085 $757
Total         $2,411 $6,674 $9,085   $-4,627 $2,411 $-2,216
Stabilized         $2,411 $6,674 $9,085   $893 $2,411 $3,304
Custom         $2411 $6674 $9085   $893 $2411 $3304

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Shoo Chen
Listing Office: Charles Rutenberg Realty of IL
8169 Ripple Ridge Darien

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