4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve

City: Chicago ZIP: 60657

Built In: 1898

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 5 bedrooms 3 baths $3200

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Unit 3 Floor 1: 4 bedrooms 3 baths $2400

Unit 4 Floor 2: 3 bedrooms 1 baths $1800

Net Op. Income $76,800

Detailed Listing Description

OVER $112000 (MARKET $151,200) IN ANNUAL RENTS. RENTS CURRENTLY BELOW MARKET VALUE BY $200 p/b YET STILL A 5% CAP RATE. TAKE ADVANTAGE OF THIS OPT TO OWN A STATELY LAKEVIEW 4-FLAT IN BURLEY SCHOOL DISTRICT; RAISE RENTS TO MARKET AND RECEIVE 7-9% CAP RATE. FOURTEEN BEDS. TOTAL RENT INCOME MONTHLY $9400 (MARKET 12,600/$151,200 ANNUAL MARKET) FIRST FLOOR UNITS NICELY RENOVATED AND DUPLEXED DOWN W/ IN-UNIT W/D. ALL UNITS ARE BEAUTIFULLY RENOVATED AND IN GREAT SHAPE. EACH UNIT HAS OWN HEATING/COOLING/ELECTRIC & PAY UTILITIES. ALL HAVE CENTRAL AIR/HVAC. HIGH BASEMENT CEILING HEIGHT. SOLID BRICK BUILDING THAT HAS BEEN WELL MAINTAINED. ADDITIONAL STORAGE UNITS IN BASEMENT. VERY WELL MAINTAINED BUILDING.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,E,F,I
  • Appliances Unit 4A,B,E,F,I
Schools
  • Grade SchoolBurley Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 19% more than other 4 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 12% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $112,800 Monthly $9,400
Rental Income Stabilized : Annual $116,256 Monthly $9,688
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,490,9004$372,7255.17%13.220.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,400$9,688
Year Total$112,800$116,256
Expense
Total$35,659$35,659
Net Operating Income$77,141$80,597
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18039 $49949 $67988 $5666
Total         $18,039 $49,949 $67,988   $9,153 $18,039 $27,192
Stabilized         $18,039 $49,949 $67,988   $12,609 $18,039 $30,648
Custom         $18039 $49949 $67988   $12609 $18039 $30648




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,118,1755,6661,4734,1931,4734,1935,666
21,116,7025,6661,4784,1882,9518,38111,332
31,115,2245,6661,4844,1824,43512,56316,998
41,113,7405,6661,4894,1775,92516,73922,664
51,112,2505,6661,4954,1717,42020,91028,330
61,110,7555,6661,5014,1658,92025,07633,996
71,109,2555,6661,5064,16010,42729,23539,662
81,107,7485,6661,5124,15411,93933,38945,328
91,106,2365,6661,5184,14813,45637,53850,994
101,104,7195,6661,5234,14314,97941,68156,660
111,103,1965,6661,5294,13716,50845,81862,326
121,101,6675,6661,5354,13118,04349,94967,992
131,100,1325,6661,5414,12519,58454,07473,658

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Listing Agent: Kimberly Chase-Harding
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
4919 S Blackstone Chicago

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