4 Flat 1016 California West Town Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 1016 California West Town Chicago IL Mu In

City: Chicago ZIP: 60622

Built In: 1890

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 0 bedrooms 1 baths $1800

Unit 2 Floor 2: 3 bedrooms 1 baths $1870

Unit 3 Floor 3: 3 bedrooms 1 baths $1795

Unit 4 Floor C: 1 bedrooms 1 baths $1395

Gross Income $6,860

Detailed Listing Description

Beautiful TOTAL GUT rehab 4 unit property, 3 flat front building with one bedroom coach house and 2 parking spots in the rear. Brand new including: copper plumbing, new sewer, new HVAC, new electrical and new electrical service, tear off roof, new porch. Coach house and front facade of main building were completely rebuilt, brick by brick. Storefront space is leased through 8/2021, the apartments rent quickly to strong tenants - this building is the perfect armchair investment.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
  • Appliances Unit 1A,B,C,D,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,C,D,E,F,I
  • Appliances Unit 4A,B,C,D,E,F,I
  • 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 8% more than other 4 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 13% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $82,320 Monthly $6,860
Rental Income Stabilized : Annual $88,692 Monthly $7,391
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,860$7,391
Year Total$82,320$88,692
Net Operating Income$58,154$64,526
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   $17,157 $10,878 $28,035
Stabilized         $10,878 $30,119 $40,997   $23,529 $10,878 $34,407
Custom         $10878 $30119 $40997   $23529 $10878 $34407

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Daniel Shepherd
Listing Office: Elan Peretz

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