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

Find the home or investment property you’ve been looking for!

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

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
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
  • Appliances Unit 1B,I
  • Appliances Unit 2I
  • Appliances Unit 3I
  • Appliances Unit 4A,B,C,D,F,I
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,000$4,976
Year Total$60,000$59,712
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
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

Explore Nearby Neighborhoods

Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Albany ParkNearby Neighborhoods X Plus Real Estate

Albany Park

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

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.