3 Flat 1827 Melrose North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 1827 Melrose North Center Chicago IL Mu In

City: Chicago ZIP: 60657

Built In: 1888

Lot Size: L

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1550

Unit 2 Floor 2: 2 bedrooms 1 baths $2200

Unit 3 Floor 1: 3 bedrooms 2 baths $3300

Gross Income $85,200

Net Op. Income $70,269

Detailed Listing Description

Nothing like this on the market! Stunning gut rehab (2017) of three total units, two flat PLUS 2 story coach house with basement storage. Opportunity for live-in owner or investor. All units are equally appointed with transitional style condo quality finishes with tremendous attention to detail. High ceilings, wood floors throughout, shaker style cabinetry, backsplash, stainless steel appliances and in unit washer/dryer. Tenants pay all utilities, except water; separate heat and air. Awesome outdoor space for each unit in a beautiful paved courtyard setting. Excellent Roscoe Village location, close proximity to Fellger Park, shops and restaurants.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 3A,B,C,D,E,F,G,I,L,P,S
  • Grade SchoolJahn Elementary School
  • Grade School District299
  • Jr High/Middle SchoolJahn Elementary School
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 17% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 61% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $84,600 Monthly $7,050
Rental Income Stabilized : Annual $76,692 Monthly $6,391
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,050$6,391
Year Total$84,600$76,692
Net Operating Income$56,124$48,216
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15354 $42515 $57869 $4823
Total         $15,354 $42,515 $57,869   $-1,745 $15,354 $13,609
Stabilized         $15,354 $42,515 $57,869   $-9,653 $15,354 $5,701
Custom         $15354 $42515 $57869   $-9653 $15354 $5701

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Michael Battista
Listing Office: Jameson Sotheby's Intl Realty
2132 Middle Fork Rd. Winnetka

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