4 Flat 738 Beach La Grange Park IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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4 Flat 738 Beach La Grange Park IL Mu Investment

City: La Grange Park ZIP: 60526

Built In: 1964

Lot Size: B

Lot Dimensions: 63X200

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $980

Unit 2 Floor 2: 3 bedrooms 2 baths $1430

Unit 3 Floor 3: 2 bedrooms 1 baths $980

Unit 4 Floor 4: 3 bedrooms 2 baths $1350

Gross Income $56,880

Net Op. Income $36,845

Detailed Listing Description

738 Beach consists of two large three-bedroom apartment units & two large two-bedroom apartments. There is a two-car garage, as well as ample exterior parking available. The property has been beautifully maintained and presents value-add upside due to below market rents from long-term tenants. Greater upside in rents can be achieved through cosmetic updates.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,E,F,J
  • Appliances Unit 2A,B,E,F,J
  • Appliances Unit 3A,B,E,F,J
  • Appliances Unit 4A,B,E,F,I
Schools
  • Grade School District102
  • Jr High/Middle School District102
  • High SchoolLyons Twp High School
  • High School District204

Comparative Data

Zip Code Comparison: 60526

Listings in this Zip Code average: 2 units,


Calculated Rents
Rental Income : Annual $56,880 Monthly $4,740
Rental Income Stabilized : Annual $57,120 Monthly $4,760
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$610,0004$152,5004.90%10.720.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,740$4,760
Year Total$56,880$57,120
Expense
Total$26,993$26,993
Net Operating Income$29,887$30,127
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7381 $20437 $27818 $2319
Total         $7,381 $20,437 $27,818   $2,069 $7,381 $9,450
Stabilized         $7,381 $20,437 $27,818   $2,309 $7,381 $9,690
Custom         $7381 $20437 $27818   $2309 $7381 $9690




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1457,5002,3196031,7166031,7162,319
2456,8972,3196061,7131,2093,4294,638
3456,2912,3196081,7111,8175,1406,957
4455,6832,3196101,7092,4276,8499,276
5455,0732,3196121,7073,0408,55511,595
6454,4602,3196151,7043,65410,26013,914
7453,8462,3196171,7024,27111,96216,233
8453,2292,3196191,7004,89113,66118,552
9452,6092,3196221,6975,51315,35820,871
10451,9872,3196241,6956,13717,05323,190
11451,3632,3196261,6936,76318,74625,509
12450,7372,3196291,6907,39220,43627,828
13450,1082,3196311,6888,02322,12430,147

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Listing Agent: Ryan Wewerka
Listing Office: Chicago Real Estate Resources
1210 S. Indiana Ave #1903 Chicago

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