2 Flat 503 Hartland West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 503 Hartland West Town Chicago IL Mu Inves

City: Chicago ZIP: 60622

Built In: 1917

Lot Size: B

Lot Dimensions: 80X68

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 0 baths $2350

Unit 2 Floor 2: 3 bedrooms 2 baths $OWN

Detailed Listing Description

This one of a kind building has it all for a live-work situation. This 4500 sq ft -3-lot parcel in East UK Village gives you a 40' by 40' private yard, 600 sq ft 3-car garage, with an 8 ft high privacy wall surrounding the entire property. There is a commercial/retail space that rents for ($2,350) on ground level along with a 3-bed 2.5 bath - 3,000 sq ft Du-plex up penthouse that boasts finishes of an amazing industrial-loft style. The unit is flooded with natural light, has space for 2 private roof-decks (1 is finished now - 400 sq ft), and there is a wrap around balcony of the entire top floor making this an entertainers Dream! Also you have a 1500 sq ft basement that can be used as storage or more work space. Geothermal heat pumps allow you to keep the incredible industrial feel throughout the entire building! This unique property is the essence of creativeness and gives you endless possibilities for you to make it your own! SOLD "AS IS"

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1O
  • Appliances Unit 2A,B,C,D
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 129% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 105% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $28,200 Monthly $2,350
Rental Income Stabilized : Annual $62,976 Monthly $5,248
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,350$5,248
Year Total$28,200$62,976
Net Operating Income$4,612$39,388
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $14822 $41041 $55863 $4656
Total         $14,822 $41,041 $55,863   $-51,251 $14,822 $-36,429
Stabilized         $14,822 $41,041 $55,863   $-16,475 $14,822 $-1,653
Custom         $14822 $41041 $55863   $-16475 $14822 $-1653

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Frank Polancic
Listing Office: RE/MAX Premier
1616 W. Bryn Mawr Ave Chicago

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