2 Flat 1372 Wolcott West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 1372 Wolcott West Town Chicago IL Mu Inves

City: Chicago ZIP: 60622

Built In: U

Lot Size: L

Lot Dimensions: 25 X 132

Lot Description: D

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1890

Unit 2 Floor 2: 2 bedrooms 1 baths $1675

Gross Income $42,780

Net Op. Income $27,677

Detailed Listing Description

Perfectly located & Well-maintained wide brick two flat just off Milwaukee! Vintage character & appeal with modern improvements. Units live very well- Main floor 5 Room 2 bedroom 1 bath with eat-in kitchen & sizeable rear deck. 2nd floor 6 Room 2 Bedroom plus Den 1 bath with eat-in kitchen, crown molding, pine floors & excellent natural light. Large rear yard and brick 2 garage. Units offer hardwood throughout, separate living & dining rooms with updated kitchens, dishwashers, pantries, gas forced heat and window a/c. Full basement with tenant storage and free laundry for building. Income currently $3,565 a month with opportunity for value add with full unfinished basement.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C,E
Appliances
  • Appliances Unit 1A,B,E,S
  • Appliances Unit 2A,B,E,S
Schools
  • Grade SchoolPritzker Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolClemente Community Academy Senio
  • 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 21% 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 9% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $42,780 Monthly $3,565
Rental Income Stabilized : Annual $40,824 Monthly $3,402
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,0002$324,5003.40%15.170.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,565$3,402
Year Total$42,780$40,824
Expense
Total$20,737$20,737
Net Operating Income$22,043$20,087
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7853 $21744 $29597 $2467
Total         $7,853 $21,744 $29,597   $-7,554 $7,853 $299
Stabilized         $7,853 $21,744 $29,597   $-9,510 $7,853 $-1,657
Custom         $7853 $21744 $29597   $-9510 $7853 $-1657




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1486,7502,4676421,8256421,8252,467
2486,1082,4676441,8231,2863,6484,934
3485,4642,4676471,8201,9325,4697,401
4484,8182,4676491,8182,5817,2879,868
5484,1692,4676511,8163,2339,10212,335
6483,5172,4676541,8133,88610,91614,802
7482,8642,4676561,8114,54312,72617,269
8482,2072,4676591,8085,20114,53519,736
9481,5492,4676611,8065,86316,34022,203
10480,8872,4676641,8036,52618,14424,670
11480,2242,4676661,8017,19219,94527,137
12479,5582,4676691,7987,86121,74329,604
13478,8892,4676711,7968,53223,53932,071

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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