4 Flat 4127 Lawndale Irving Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 4127 Lawndale Irving Park Chicago IL Mu In

City: CHICAGO ZIP: 60618

Built In: 1896

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $1775

Unit 2 Floor 2: 3 bedrooms 1 baths $1550

Unit 3 Floor 3: 2 bedrooms 1 baths $1030

Unit 4 Floor G: 2 bedrooms 1 baths $1000

Gross Income $65,850

Detailed Listing Description

Rarely available 9% cap rate investment! This well maintained 4 unit property in HOT Irving Park is a money making machine. Keep as an armchair investment property, building running smoothly just keep high rents coming. Absolutely no vacancies due to prime location. Units have many updates including renovated kitchens and bathrooms, updated gas forced air HVAC systems, tankless water heaters, separate utilities and modern mobile payment operated laundry room. Add this to your portfolio or ideal owner occupied opportunity. Long term tenants, room to improve rents without having to do major renovations. Building has over 9% cap rate potential. Walk to public transportation, Blue Line, restaurants and grocery store. Total annual income includes Garden unit rent. Garden unit has two entrances. Building Zoned as 3 units. Owner and Listing office do not represent legality of garden unit.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I
  • Appliances Unit 3B,C,E,I
  • Appliances Unit 4A,B,F
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolRoosevelt High School
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 29% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 10% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $64,260 Monthly $5,355
Rental Income Stabilized : Annual $78,708 Monthly $6,559
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$574,8504$143,7136.62%8.951.14%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,355$6,559
Year Total$64,260$78,708
Expense
Total$26,232$26,232
Net Operating Income$38,028$52,476
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6956 $19259 $26215 $2185
Total         $6,956 $19,259 $26,215   $11,813 $6,956 $18,769
Stabilized         $6,956 $19,259 $26,215   $26,261 $6,956 $33,217
Custom         $6956 $19259 $26215   $26261 $6956 $33217




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1431,1382,1855681,6175681,6172,185
2430,5702,1855701,6151,1393,2314,370
3429,9992,1855731,6121,7114,8446,555
4429,4272,1855751,6102,2866,4548,740
5428,8522,1855771,6082,8638,06210,925
6428,2752,1855791,6063,4429,66813,110
7427,6962,1855811,6044,02311,27215,295
8427,1152,1855831,6024,60612,87417,480
9426,5322,1855861,5995,19114,47419,665
10425,9472,1855881,5975,77916,07121,850
11425,3592,1855901,5956,36917,66624,035
12424,7692,1855921,5936,96119,25926,220
13424,1772,1855941,5917,55620,84928,405

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Listing Agent: Gary Lucido
Listing Office: Lucid Realty, Inc.
1858 W Erie Chicago

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