3 Flat 851 Mozart Chi West Town Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 851 Mozart Chi West Town Chicago IL Mu I

City: Chicago ZIP: 60622

Built In: U

Lot Size: K

Lot Dimensions: 25X127

Lot Description: D,H,N

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Unit 3 Floor 3: 2 bedrooms 1 baths $1500

Gross Income $56,000

Net Op. Income $46,000

Detailed Listing Description

WALK TO IT ALL FROM THIS RECENTLY RENOVATED UKRAINIAN LEGAL 3-FLAT ON OVERSIZED 25X127 LOT STEPS FROM AWARD WINNING RESTAURANTS ON CHICAGO AVENUE AND THE CALIFORNIA CORRIDOR, METRA & SMITH PARK; 3X 2 BED 1 BATH APTS W/ WHITE SHAKER CABINETS, STAINLESS STEEL APPLIANCES & QUARTZ COUNTERTOP KITCHENS; UPDATED BATHROOMS W/ PORCELAIN TILES, TUB/SHOWER COMBO & VANITIES W/ STONE COUNTERTOPS; CENTRAL HEAT IN ALL THREE APTS AND CAN EASILY ADD A/C CONDENSERS; EACH APT HAS PRIVATE DECK AND GREAT SIZE COMMON BACKYARD SPACE; 2+ EXTERIOR PARKING SPACES

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • 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,N,S
  • Appliances Unit 2A,B,N,S
  • Appliances Unit 3A,B,S
Schools
  • Grade SchoolChopin Elementary School
  • Grade School District299
  • Jr High/Middle SchoolChopin Elementary School
  • 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 29% more than other 3 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 26% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $63,144 Monthly $5,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,5003$216,5004.07%13.530.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$5,262
Year Total$48,000$63,144
Expense
Total$21,581$21,581
Net Operating Income$26,419$41,563
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7859 $21760 $29619 $2469
Total         $7,859 $21,760 $29,619   $-3,200 $7,859 $4,659
Stabilized         $7,859 $21,760 $29,619   $11,944 $7,859 $19,803
Custom         $7859 $21760 $29619   $11944 $7859 $19803




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,1252,4696421,8276421,8272,469
2486,4832,4696451,8241,2873,6514,938
3485,8382,4696471,8221,9345,4737,407
4485,1912,4696501,8192,5847,2929,876
5484,5412,4696521,8173,2369,10912,345
6483,8892,4696541,8153,89010,92414,814
7483,2352,4696571,8124,54712,73617,283
8482,5782,4696591,8105,20614,54619,752
9481,9192,4696621,8075,86816,35322,221
10481,2572,4696641,8056,53218,15824,690
11480,5932,4696671,8027,19919,96027,159
12479,9262,4696691,8007,86821,76029,628
13479,2572,4696721,7978,54023,55732,097

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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