4 Flat 1528 Huron West Town Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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4 Flat 1528 Huron West Town Chicago IL Mu Investm

City: Chicago ZIP: 60642

Built In: 1880

Lot Size: A

Lot Dimensions: 25 X 123

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1615

Unit 2 Floor 2: 2 bedrooms 1 baths $1610

Unit 3 Floor 3: 2 bedrooms 1 baths $1650

Unit 4 Floor C: 2 bedrooms 1 baths $1700

Gross Income $78,900

Net Op. Income $61,364

Detailed Listing Description

DON'T MISS THIS FANTASTIC INCOME-PRODUCING 4-FLAT IN THE HEART OF WEST TOWN. WELL MAINTAINED 3-UNIT BUILDING + COACH HOUSE OFFERS SOLID, LONGER TERM TENANTS, GREAT INCOME AND 6.8% CAP RATE AT CURRENT RENTAL RATES. OPPORTUNITY IS ABOUND FOR ALL INVESTORS...WHETHER LOOKING TO SIT BACK, COLLECT RENT OR ADD VALUE, THIS PROPERTY IS FULL OF OPTIONS! FRONT BUILDING OFFERS 3 UNITS, ALL WITH SAME, GREAT FLOOR PLAN WITH LIVING/DINING OPEN COMBO; BOASTING UPDATED KITCHENS, STAINLESS APPLIANCES, GRANITE COUNTERS, UPDATED BATHS, IN-UNIT LAUNDRY, VERY WELL MAINTAINED HARDWOOD FLOORS AND CENTRAL HEAT/AIR. ALL THE AMENITIES TENANTS ARE LOOKING FOR IN TODAYS MARKET! TRULY UNIQUE COACH HOUSE FEATURES FRONT PORCH, MAIN LEVEL LIVING/DINING/KITCHEN, UPGRADED KITCHEN & BATH, 2 BEDROOMS UP WITH BONUS LOFT/DESK AREA. COACH HOUSE HAS DEDICATED STORAGE AND LAUNDRY AREA BELOW PORCH. VERY LOW VACANCY RATES IN BUILDING...AMAZING LOCATION, STEPS TO CHICAGO AVE RESTAURANTS, TRANSPORTATION, GROCERY & MORE.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • 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,P,S
  • Appliances Unit 4A,B,C,D,E,F,G,I,P,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 29% 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 14% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $78,900 Monthly $6,575
Rental Income Stabilized : Annual $83,592 Monthly $6,966
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$894,9004$223,7255.35%11.340.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,575$6,966
Year Total$78,900$83,592
Expense
Total$31,055$31,055
Net Operating Income$47,845$52,537
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10828 $29982 $40810 $3401
Total         $10,828 $29,982 $40,810   $7,035 $10,828 $17,863
Stabilized         $10,828 $29,982 $40,810   $11,727 $10,828 $22,555
Custom         $10828 $29982 $40810   $11727 $10828 $22555




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1671,1753,4018842,5178842,5173,401
2670,2913,4018872,5141,7725,0306,802
3669,4033,4018912,5102,6627,54110,203
4668,5133,4018942,5073,55610,04813,604
5667,6193,4018972,5044,45412,55117,005
6666,7213,4019012,5005,35515,05120,406
7665,8203,4019042,4976,25917,54823,807
8664,9163,4019082,4937,16620,04227,208
9664,0093,4019112,4908,07722,53230,609
10663,0983,4019142,4878,99225,01834,010
11662,1833,4019182,4839,90927,50237,411
12661,2663,4019212,48010,83129,98140,812
13660,3443,4019252,47611,75532,45844,213

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Listing Agent: Susan Nice
Listing Office: Dream Town Realty
1318 N. Wolcott #1 Chicago

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