2 Flat 3337 Oakley North Center Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 3337 Oakley North Center Chicago IL Mu Inv

City: Chicago ZIP: 60618

Built In: 1896

Lot Size: A

Lot Dimensions: 25X124

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $995

Unit 2 Floor 2: 4 bedrooms 1 baths $0

Detailed Listing Description

This building is best suited for a teardown. Value in the land. There is a home just 4 doors south that was just torn down and a new home is being built. Great block with lots of new homes built in the past 10 years. The roof currently has a leak that would need to be fixed if it is not torn down. The top floor was rented for 1600 per month for the past 10 years. The garden unit is rented for 995 per month and is on a month to month lease. The garage is vacant and could be rented out. This sale is as-is. No showings in the basement apartment. The top floor duplex is currently vacant. The garage needs lots of siding work.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,C,D,E,F,I,S
  • Grade SchoolAudubon Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • 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 4% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 23% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $11,940 Monthly $995
Rental Income Stabilized : Annual $17,256 Monthly $1,438
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$995$1,438
Year Total$11,940$17,256
Net Operating Income$-8,956$-3,640
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6038 $16718 $22756 $1897
Total         $6,038 $16,718 $22,756   $-31,712 $6,038 $-25,674
Stabilized         $6,038 $16,718 $22,756   $-26,396 $6,038 $-20,358
Custom         $6038 $16718 $22756   $-26396 $6038 $-20358

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Steve Hobbs
Listing Office: Baird & Warner
5060 W. Balmoral Ave. Chicago

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