3 Flat 10240 Halsted Washington Heights Chicago I| Chicago Property Listings – X Plus Real Estate

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3 Flat 10240 Halsted Washington Heights Chicago I

City: Chicago ZIP: 60628

Built In: 1937

Lot Size: A

Lot Dimensions: 35 X 125

# of Units: 3

Unit 1 Floor 1: 0 bedrooms 0 baths $0

Unit 2 Floor 1: 0 bedrooms 0 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $800

Detailed Listing Description

Great opportunity for cash flow and value add!! Building has been well maintained, brand new exterior stairwell. Separate utilities for all 3 units. 1st floor front was rented to retailer, 1st floor rear previously used as accounting office. 2nd floor is a bright 2 bed/1bath apartment with hardwood floors and fireplace, rented. Opportunity to improve basement, once rented as well. Easy 14% cap rate, make improvements and increase your return. Ask your Realtor for a summary of income and expenses.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces8
  • 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 1O
  • Appliances Unit 2O
  • Appliances Unit 3A,B,K
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60628

Listings in this Zip Code average: 2 to 3 units, and are priced at $83,672 to $121,583
This listing is 10% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Washington Heights

Listings in this Neighborhood average: 4 to 5 units, with average prices of $139,900 to $0
This listing is 34% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $12,456 Monthly $1,038
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$134,0003$44,667-6.45%13.960.77%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$1,038
Year Total$9,600$12,456
Expense
Total$18,238$18,238
Net Operating Income$-8,638$-5,782
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1622 $4490 $6112 $510
Total         $1,622 $4,490 $6,112   $-14,750 $1,622 $-13,128
Stabilized         $1,622 $4,490 $6,112   $-11,894 $1,622 $-10,272
Custom         $1622 $4490 $6112   $-11894 $1622 $-10272




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1100,500510133377133377510
2100,3675101343762677531,020
3100,2335101343764011,1291,530
4100,0995101353755361,5042,040
599,9645101353756711,8792,550
699,8295101363748062,2543,060
799,6945101363749422,6283,570
899,5585101373731,0793,0014,080
999,4215101373731,2163,3744,590
1099,2845101383721,3543,7465,100
1199,1465101383721,4924,1185,610
1299,0085101393711,6314,4896,120
1398,8695101393711,7704,8606,630

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Listing Agent: Ali Arciniega
Listing Office: Chicago Real Estate Artists LLC
5638 S Harper Avw Chicago

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