4 Flat 1022 Ashland West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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4 Flat 1022 Ashland West Town Chicago IL Mu Inves

City: Chicago ZIP: 60622

Built In: 1908

Lot Size: A

Lot Dimensions: 25 X 100

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Unit 3 Floor 3: 3 bedrooms 1 baths $N/A

Unit 4 Floor 0: 0 bedrooms 0 baths $N/A

Detailed Listing Description

GREAT OPPORTUNITY FOR RENOVATION OR TEAR DOWN/REBUILD ON BUSY ASHLAND AVENUE! CURRENTLY ZONED B1-2 WITH RETAIL ON LEVEL 1 AND 3 INDIVIDUALLY METERED RESIDENTIAL UNITS ON FLOORS 2 AND 3. THIRD FLOOR IS NOW ONE UNIT BUT METERED AS 3F AND 3R. BUILDING SIZE OF 4,185 SF PER TAX RECORDS. ZONING COULD BE CHANGED TO B1-3 OR B2-3 WHICH CAN ADD OVER 2,400 SF OF BUILDABLE AREA TO THE PROPERTY. 2 CAR GARAGE IN GREAT CONDITION OFF THE ALLEY, UNFINISHED BASEMENT. NEW DEVELOPMENT NEARBY SO DON'T MISS THIS CHANCE OF GETTING A LOT ON ASHLAND!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 33% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 37% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,828 Monthly $4,569
Rental Income Stabilized : Annual $67,848 Monthly $5,654
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$650,0004$162,5003.72%11.860.87%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,569$5,654
Year Total$54,828$67,848
Expense
Total$30,636$30,636
Net Operating Income$24,192$37,212
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7865 $21777 $29642 $2471
Total         $7,865 $21,777 $29,642   $-5,450 $7,865 $2,415
Stabilized         $7,865 $21,777 $29,642   $7,570 $7,865 $15,435
Custom         $7865 $21777 $29642   $7570 $7865 $15435




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,5002,4716431,8286431,8282,471
2486,8572,4716451,8261,2883,6544,942
3486,2122,4716481,8231,9365,4777,413
4485,5642,4716501,8212,5867,2989,884
5484,9142,4716531,8183,2399,11612,355
6484,2612,4716551,8163,89410,93214,826
7483,6062,4716571,8144,55112,74617,297
8482,9492,4716601,8115,21114,55719,768
9482,2892,4716621,8095,87316,36622,239
10481,6272,4716651,8066,53818,17224,710
11480,9622,4716671,8047,20619,97527,181
12480,2942,4716701,8017,87621,77629,652
13479,6242,4716721,7998,54823,57532,123

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Listing Agent: Gail Spreen
Listing Office: Jameson Sotheby's Int'l Realty
440 N. McClurg Court, #1011 Chicago

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