3 Flat 1434 Irving Park Lake View Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 1434 Irving Park Lake View Chicago IL Mu I

City: Chicago ZIP: 60613

Built In: 1996

Lot Size: L

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 3 baths $2500

Unit 2 Floor 2: 2 bedrooms 2 baths $2225

Unit 3 Floor 3: 2 bedrooms 2 baths $2300

Gross Income $83,400

Detailed Listing Description

This is truly an attractive armchair investment property. Owned by one owner since 1997. All units have been recently upgraded and in condo like condition. Current rents have room for increases. Recent upgrades included new maple/granite/SS kitchens, marble baths, stained hardwood floors throughout, new painted walls, light fixtures and appliances including in-unit w/d. Building recently sealed, and newer rear porches. There is Nothing left to do. Six parking spots in rear. First floor is duplex down, 2nd floor is a simplex and third floor unit is a duplex with lofted family room. Great location, near public transportation. Possible AirBNB investment candidate, condo conversion, or keep as investment. Close to Wrigley field.

Additional Property Details

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

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 12% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 8% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $84,300 Monthly $7,025
Rental Income Stabilized : Annual $87,780 Monthly $7,315
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,125,0003$375,0004.36%13.350.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,025$7,315
Year Total$84,300$87,780
Expense
Total$35,223$35,223
Net Operating Income$49,077$52,557
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13612 $37691 $51303 $4276
Total         $13,612 $37,691 $51,303   $-2,226 $13,612 $11,386
Stabilized         $13,612 $37,691 $51,303   $1,254 $13,612 $14,866
Custom         $13612 $37691 $51303   $1254 $13612 $14866




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1843,7504,2761,1123,1641,1123,1644,276
2842,6384,2761,1163,1602,2286,3248,552
3841,5224,2761,1203,1563,3489,48012,828
4840,4024,2761,1243,1524,47312,63117,104
5839,2774,2761,1293,1475,60215,77821,380
6838,1484,2761,1333,1436,73418,92225,656
7837,0164,2761,1373,1397,87222,06029,932
8835,8784,2761,1413,1359,01325,19534,208
9834,7374,2761,1463,13010,15928,32538,484
10833,5914,2761,1503,12611,30931,45142,760
11832,4414,2761,1543,12212,46334,57347,036
12831,2874,2761,1593,11713,62237,69051,312
13830,1284,2761,1633,11314,78540,80355,588

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Listing Agent: Kevin McIntyre
Listing Office: Compass
3303 N. Kenmore Chicago

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