4 Flat 4848 Hamlin Albany Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 4848 Hamlin Albany Park Chicago IL Mu Inve

City: Chicago ZIP: 60625

Built In: U

Lot Size: C

Lot Dimensions: 38X131

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $850

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Unit 4 Floor 4: 3 bedrooms 1 baths $0

Detailed Listing Description

STRIKING YELLOW BRICK LEGAL 4 UNIT BUILDING ON A GREAT TREE LINED STREET WITH LOTS OF REDEVELOPMENT GOING ON. VERY GOOD BUILDING WITH MANY CAPITAL IMPROVEMENTS IN THE LAST 8 YEARS INCLUDING A ROOF, WINDOWS, TUCK POINTING AND BOILER. THE UNITS ARE APROX 22OO SQ FT. WITH 1.5 BATHS. EACH UNIT IS SEPARATELY METERED FOR ELECTRIC AND HOT WATER. THE 3 CAR GARAGE BRINGS IN $400 A MONTH. THE SELLER HAS LIVED IN THE BUILDING FOR 40 YEARS AND HAS NOW MOVED OUT. WASHER AND DRYERS IN THE LOWER LEVEL. THE GARAGE HAS A ROOF TOP DECK. THIS IS A GREAT OPPORTUNITY TO RAISE RENTS AND HAVE A GREAT CASH FLOWING ASSET.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • 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
  • 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: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 2% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 22% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $10,200 Monthly $850
Rental Income Stabilized : Annual $49,308 Monthly $4,109
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$759,9004$189,975-2.96%74.500.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$850$4,109
Year Total$10,200$49,308
Expense
Total$32,661$32,661
Net Operating Income$-22,461$16,647
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9195 $25459 $34654 $2888
Total         $9,195 $25,459 $34,654   $-57,115 $9,195 $-47,920
Stabilized         $9,195 $25,459 $34,654   $-18,007 $9,195 $-8,812
Custom         $9195 $25459 $34654   $-18007 $9195 $-8812




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1569,9252,8887512,1377512,1372,888
2569,1742,8887542,1341,5044,2725,776
3568,4212,8887562,1322,2616,4038,664
4567,6642,8887592,1293,0208,53211,552
5566,9052,8887622,1263,78210,65814,440
6566,1432,8887652,1234,54712,78117,328
7565,3782,8887682,1205,31514,90120,216
8564,6102,8887712,1176,08617,01823,104
9563,8392,8887742,1146,85919,13325,992
10563,0662,8887772,1117,63621,24428,880
11562,2892,8887792,1098,41523,35331,768
12561,5102,8887822,1069,19825,45834,656
13560,7272,8887852,1039,98327,56137,544

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Listing Agent: Melissa Govedarica
Listing Office: Sergio & Banks Real Estate
181 Ring Neck Ln. Bloomingdale

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