4 Flat 4459 Armitage Hermosa Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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4 Flat 4459 Armitage Hermosa Chicago IL Mu Invest

City: Chicago ZIP: 60639

Built In: 1911

Lot Size: A

Lot Dimensions: 50 X 125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 0 bedrooms 1 baths $1150

Unit 2 Floor 1: 3 bedrooms 2 baths $1500

Unit 3 Floor 2: 2 bedrooms 1 baths $1150

Unit 4 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $60,000

Net Op. Income $47,503

Detailed Listing Description

Brick, corner, 4 unit on double lot. One retail unit, two 2br/1ba, and one 3br/2ba. Central air in all units, with separate electric and gas paid by tenants. Empty adjacent lot serves as a private landscaped yard with granite fireplace and paved walkways. Additionally, the property contains a commercial sized carport. Building is well maintained by the owner and has long term tenants. Partially finished basement with Storage and Coin Laundry. VERY easy to rent. Easily over 8% cap rate! Storefront unit currently vacant and for rent. Previously rented at $1150/month.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1B,I
  • Appliances Unit 2I
  • Appliances Unit 3I
  • Appliances Unit 4A,B,C,D,F,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60639

Listings in this Zip Code average: 2 to 3 units, and are priced at $280,900 to $319,732
This listing is 49% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Hermosa

Listings in this Neighborhood average: 3 to 4 units, with average prices of $410,000 to $410,271
This listing is 34% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $60,000 Monthly $5,000
Rental Income Stabilized : Annual $59,712 Monthly $4,976
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$550,0004$137,5006.37%9.170.90%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,000$4,976
Year Total$60,000$59,712
Expense
Total$24,940$24,940
Net Operating Income$35,060$34,772
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6655 $18427 $25082 $2091
Total         $6,655 $18,427 $25,082   $9,978 $6,655 $16,633
Stabilized         $6,655 $18,427 $25,082   $9,690 $6,655 $16,345
Custom         $6655 $18427 $25082   $9690 $6655 $16345




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1412,5002,0915441,5475441,5472,091
2411,9562,0915461,5451,0903,0924,182
3411,4102,0915481,5431,6394,6346,273
4410,8612,0915501,5412,1896,1758,364
5410,3112,0915521,5392,7417,71410,455
6409,7592,0915541,5373,2969,25012,546
7409,2042,0915561,5353,85210,78514,637
8408,6482,0915591,5324,41112,31716,728
9408,0892,0915611,5304,97113,84818,819
10407,5292,0915631,5285,53415,37620,910
11406,9662,0915651,5266,09916,90223,001
12406,4012,0915671,5246,66618,42625,092
13405,8342,0915691,5227,23519,94827,183

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Listing Agent: Steven Kehoe
Listing Office: Keller Williams Chicago-Lincoln Park
809 N Racine 200 Chicago

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