3 Flat 7700 Addison Dunning Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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3 Flat 7700 Addison Dunning Chicago IL Mu Investm

City: Chicago ZIP: 60634

Built In: 1959

Lot Size: L

Lot Dimensions: 28 X 125

Lot Description: E

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1225

Unit 2 Floor 1: 3 bedrooms 1 baths $1175

Unit 3 Floor 2: 3 bedrooms 1 baths $1300

Gross Income $47,280

Detailed Listing Description

Brick Legal 3 unit in Dunning Area. Property has been completely renovated from 2011 to 2013 from top to bottom and features 2- 3BD/1BA and 1 - 2BD/1BA unit. All 3 units have separate utilities. Everything was updated from 2011 to 2013 which includes all pluming to copper, roof, 3 kitchen's, 3 bathrooms, porch, 3 furnaces, 3 hot boilers, all new windows, fence, and exterior garage door. Security cameras system installed. Coin laundry in basement and garage offer additional income. Current rents bringing in approximately $4k a month.

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
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,C,D,F
  • Appliances Unit 2A,B,F
  • Appliances Unit 3A,B,F
  • Grade SchoolDever Elementary School
  • Grade School District299
  • Jr High/Middle SchoolDever Elementary School
  • Jr High/Middle School District299
  • High SchoolSteinmetz Academic Centre Senior
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 22% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Dunning

Listings in this Neighborhood average: 3 to 4 units, with average prices of $404,900 to $529,000
This listing is 36% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $44,400 Monthly $3,700
Rental Income Stabilized : Annual $43,356 Monthly $3,613
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,700$3,613
Year Total$44,400$43,356
Net Operating Income$22,732$21,688
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6654 $18424 $25078 $2090
Total         $6,654 $18,424 $25,078   $-2,346 $6,654 $4,308
Stabilized         $6,654 $18,424 $25,078   $-3,390 $6,654 $3,264
Custom         $6654 $18424 $25078   $-3390 $6654 $3264

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Sebastian Hernandez
Listing Office: Greater Chicago Real Estate Inc.
5750 W Newport Chicago

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