4 Flat 3730 32 Central Park Chi Irving Park Chi| Chicago Property Listings – X Plus Real Estate

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4 Flat 3730 32 Central Park Chi Irving Park Chi

City: Chicago ZIP: 60618

Built In: 1914

Lot Size: A

Lot Dimensions: 50 X 125

Lot Description: H

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 2 baths $2050

Unit 2 Floor 2: 3 bedrooms 1 baths $1390

Unit 3 Floor 1: 3 bedrooms 2 baths $1680

Unit 4 Floor 2: 3 bedrooms 1 baths $1595

Gross Income $81,780

Net Op. Income $62,276

Detailed Listing Description

RARELY AVAILABLE, TRUE 4-UNIT BUILDING on a DOUBLE LOT (50 x 125 ft) with beautiful center entrance in a highly desirable Irving Park location just 5 blocks from Independence Park! This building is a money maker with a CAP Rate of 7... and it doesn't get better for an easy-to-rent location- just 2 blocks from the Blue Line Addison Stop, close to the Metra, & easy access to a plethora of shopping & restaurants & 90/94 as well (perfect for commuters & getting to the airport). This beautiful building has recently had over $150,000 in updates including all brand new back decks & stairs, a brand new built-out 4BR, 2BTH Duplex Down, 2 new furnaces, all new hot water heaters & a drain tile system as well. All units are separately metered & tenants pay all their own utilities! With almost $82,000 in yearly income (from coin laundry & rents) & room for rent increases through continued cosmetic updates to the apartments this building represents an opportunity for a solid investment in a solid

Additional Property Details

Garage & Parking
  • Gargage DetailsA,G
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces4
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • 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 9% 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 39% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $80,580 Monthly $6,715
Rental Income Stabilized : Annual $102,504 Monthly $8,542
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$888,9004$222,2255.90%11.030.96%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,715$8,542
Year Total$80,580$102,504
Expense
Total$28,098$28,098
Net Operating Income$52,482$74,406
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10755 $29781 $40536 $3378
Total         $10,755 $29,781 $40,536   $11,946 $10,755 $22,701
Stabilized         $10,755 $29,781 $40,536   $33,870 $10,755 $44,625
Custom         $10755 $29781 $40536   $33870 $10755 $44625




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1666,6753,3788782,5008782,5003,378
2665,7973,3788812,4971,7594,9976,756
3664,9163,3788852,4932,6447,49010,134
4664,0313,3788882,4903,5329,98013,512
5663,1433,3788912,4874,42312,46716,890
6662,2523,3788952,4835,31714,95120,268
7661,3583,3788982,4806,21517,43123,646
8660,4603,3789012,4777,11719,90727,024
9659,5583,3789052,4738,02122,38130,402
10658,6543,3789082,4708,92924,85133,780
11657,7463,3789112,4679,84127,31737,158
12656,8343,3789152,46310,75629,78040,536
13655,9193,3789182,46011,67432,24043,914

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Listing Agent: Michael Hall
Listing Office: Baird & Warner
5514 N. Paulina Chicago

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