2 Flat 3623 Ashland Chi Lake View Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 3623 Ashland Chi Lake View Chicago IL Mu

City: Chicago ZIP: 60613

Built In: 1901

Lot Size: L

Lot Dimensions: 25X107

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $1800

Gross Income $56,400

Net Op. Income $38,000

Detailed Listing Description

HAMILTON SCHOOL DISTRICT! WALK TO WRIGLEY FIELD,SOUTHPORT CORRIDOR & ALL THAT LAKEVIEW HAS TO OFFER FROM THIS RARELY AVAILABLE/TURN-KEY/UPDATED/CASH-FLOW POSITIVE (WOULD ABSOLUTELY PRINT MONEY AS AN AirBnB!!) GORGEOUS BRICK 2-FLAT;PERFECT FOR OWNER-OCCUPANT OR INVESTOR W/AMAZING 2BD+SUN RM OWNER'S UNIT W/GRANITE/SS KITCHEN & UPDATED BATHS;SIMILAR LEVEL OF FINISHES IN THE 2ND UNIT;INDIV GAS/ELECTRIC W/CENTRAL AIR (NEW AC IN UNIT #2 - JULY 2019) AND GAS-FORCED HEAT (NEW FURNACE IN #1 - 2016) IN EACH UNIT;ENDLESS POSSIBILITIES INCL PERFECT OWNER-OCCUPIED 2-FLAT,SFH CONVERSION CANDIDATE OR BUY/HOLD & RENT OUT BOTH UNITS (UNIT #1 IS PRESENTLY PAYING WELL BELOW MARKET RENT);2-CAR GARAGE,GREAT BACK YARD & HUGE UNFINISHED/DRY BASEMENT W/GREAT CEILING HEIGHT PERFECT FOR DUPLEXING DOWN TO EASILY CREATE A MASSIVE OWNER'S UNIT!

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,N,S
Schools
  • Grade SchoolHamilton Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • 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 17% more than other 2 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 29% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,600 Monthly $3,300
Rental Income Stabilized : Annual $41,124 Monthly $3,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$624,5002$312,2502.09%15.770.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,300$3,427
Year Total$39,600$41,124
Expense
Total$26,577$26,577
Net Operating Income$13,023$14,547
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7556 $20923 $28479 $2374
Total         $7,556 $20,923 $28,479   $-15,456 $7,556 $-7,900
Stabilized         $7,556 $20,923 $28,479   $-13,932 $7,556 $-6,376
Custom         $7556 $20923 $28479   $-13932 $7556 $-6376




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,3752,3746181,7566181,7562,374
2467,7572,3746201,7541,2383,5104,748
3467,1372,3746221,7521,8605,2627,122
4466,5152,3746251,7492,4847,0129,496
5465,8912,3746271,7473,1118,75911,870
6465,2642,3746291,7453,74010,50414,244
7464,6352,3746321,7424,37212,24616,618
8464,0032,3746341,7405,00613,98618,992
9463,3692,3746361,7385,64215,72421,366
10462,7332,3746391,7356,28117,45923,740
11462,0942,3746411,7336,92219,19226,114
12461,4532,3746441,7307,56620,92228,488
13460,8092,3746461,7288,21222,65030,862

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

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