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
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
  • 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
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,740$4,760
Year Total$56,880$57,120
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
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

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

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