2 Flat 1221 Addison Lake View Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 1221 Addison Lake View Chicago IL Mu Inves

City: Chicago ZIP: 60613

Built In: 1901

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $NA

Unit 2 Floor 2: 3 bedrooms 1 baths $NA

Detailed Listing Description

Rehab project with endless options at this Jumbo Two Unit Greystone Building with over 1600 sf per floor and great ceiling height in the basement. It is perfectly situated in Blaine School District between Southport Corridor's trendy shopping district and all the excitement happening in and around Wrigley Field. Popular chains and independently owned shops and restaurants are just steps away. Perfect for rental investment property, owner occupied or AirBnb.

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
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,C,D,K,N,S
  • Appliances Unit 2A,B,C,D,I,K,N,S,T
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 0% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $46,536 Monthly $3,878
Rental Income Stabilized : Annual $51,864 Monthly $4,322
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$750,0002$375,0002.71%16.120.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,878$4,322
Year Total$46,536$51,864
Expense
Total$26,194$26,194
Net Operating Income$20,342$25,670
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9075 $25127 $34202 $2851
Total         $9,075 $25,127 $34,202   $-13,860 $9,075 $-4,785
Stabilized         $9,075 $25,127 $34,202   $-8,532 $9,075 $543
Custom         $9075 $25127 $34202   $-8532 $9075 $543




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,5002,8517422,1097422,1092,851
2561,7582,8517442,1071,4864,2165,702
3561,0142,8517472,1042,2336,3208,553
4560,2672,8517502,1012,9838,42111,404
5559,5172,8517532,0983,73610,51914,255
6558,7642,8517562,0954,49212,61417,106
7558,0082,8517582,0935,25014,70719,957
8557,2502,8517612,0906,01116,79722,808
9556,4892,8517642,0876,77618,88325,659
10555,7242,8517672,0847,54320,96728,510
11554,9572,8517702,0818,31323,04831,361
12554,1872,8517732,0789,08525,12734,212
13553,4152,8517762,0759,86127,20237,063

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Listing Agent: Brant Booker
Listing Office: Jameson Sotheby's Intl Realty
1440 N. Wells #J Chicago

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