3 Flat 1820 Belle Plaine North Center Chicago IL | Chicago Property Listings – X Plus Real Estate

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3 Flat 1820 Belle Plaine North Center Chicago IL

City: Chicago ZIP: 60613

Built In: 1891

Lot Size: K

Lot Dimensions: 32 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1120

Unit 3 Floor 3: 1 bedrooms 1 baths $995

Detailed Listing Description

Large 3-Unit building on an EXTRA-WIDE 32 FT LOT in a great location just 2 blocks from the Irving Park Brown Line & 7 blocks from the Lawrence Metra Stop. Easy to rent location, but this building could be converted to a single family home as well. This building has a 2-car garage with private driveway as well allowing for tons of guest parking. Separate utilities so tenants pay all their own electric and gas bills. First floor unit has been updated & could be duplexed down. Long-term owner occupies the first floor but it should easily rent out for $1,700 or more. Rents for 2nd floor and 3rd floor apartments could be significantly higher than they were with cosmetic updates. Total rents after cosmetic updates would be projected to be well over $4,000 per month. All this just blocks from the award winning Ravenswood School & French School, and a number of private schools and charter schools as well including St. Ben's, St. Andrews, Lane Tech, The German School & a plethora of restauran

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
  • Tenant Pays Unit 1B,C,G,H
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Appliances Unit 1A,B,C,D,F,I
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Grade SchoolRavenswood Elementary School
  • 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 45% more than other 3 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 30% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $25,380 Monthly $2,115
Rental Income Stabilized : Annual $61,788 Monthly $5,149
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,115$5,149
Year Total$25,380$61,788
Net Operating Income$2,474$38,882
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6649 $18410 $25059 $2089
Total         $6,649 $18,410 $25,059   $-22,585 $6,649 $-15,936
Stabilized         $6,649 $18,410 $25,059   $13,823 $6,649 $20,472
Custom         $6649 $18410 $25059   $13823 $6649 $20472

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Michael Hall
Listing Office: Baird & Warner
5514 N. Paulina Chicago

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