2 Flat 4126 Drake Irving Park Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 4126 Drake Irving Park Chicago IL Mu Inves

City: Chicago ZIP: 60618

Built In: 1908

Lot Size: L

Lot Dimensions: 25X130

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1600

Unit 2 Floor 2: 3 bedrooms 1 baths $1500

Unit 3 Floor G: 1 bedrooms 1 baths $1000

Detailed Listing Description

Motivated Seller, Amazing Value! 3 percent Financing Available!! Hot Irving Park! Legal 3 Unit, zoning certificate in hand. Buy with 3% down, amazing opportunity!! Lots of work already done! Roof is 6 Years Old, Entire Exterior 3 years Old, Windows 8 Years Old, Updated Kitchen and Bathrooms, All New Cooper, 8 Year New Electrical Boxes and Lots of Electrical Lines Throughout Property. Beautifully Landscaped and Maintained. Flexible Living Space. Limitless Potential. Bright Lower Level with no Water Issues. Quickly Improving Location with many rehabbed homes, new construction and appreciating rent. Easy to Show!

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 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,E,I,N
  • Appliances Unit 2A,B,I,N
  • Appliances Unit 3I
  • Grade School District299
  • Jr High/Middle School District299
  • 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 26% more than other 3 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 14% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $49,200 Monthly $4,100
Rental Income Stabilized : Annual $58,668 Monthly $4,889
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,100$4,889
Year Total$49,200$58,668
Net Operating Income$27,492$36,960
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $5264 $14574 $19838 $1654
Total         $5,264 $14,574 $19,838   $7,654 $5,264 $12,918
Stabilized         $5,264 $14,574 $19,838   $17,122 $5,264 $22,386
Custom         $5264 $14574 $19838   $17122 $5264 $22386

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Santiago Valdez
Listing Office: Compass
30 E Elm 10C Chicago

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