3 Flat Chi South Shore Chicago IL Mu Investmen| Chicago Property Listings – X Plus Real Estate

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3 Flat Chi South Shore Chicago IL Mu Investmen

City: Chicago ZIP: 60649

Built In: 1955

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 4 bedrooms 2 baths $1250

Unit 3 Floor 2: 4 bedrooms 2 baths $0

Detailed Listing Description

Great Brick Multi Family Three Unit Building Great for an owner occupant or investor or both! Unit is made up of Unit 1 - 2 Bedroom / 1 Bathroom - Currently Vacant, Would Make For Great Rental Situation | Unit 2 - 4 Bedroom / 2 Bathroom - Currently Rented for $1,250 | Unit 3 - 4 Bedroom / 2 Bathroom - Currently Vacant, Would make for great rental or an occupied Unit. Seller is Motivated But Looking For Strong Offers, Property Located In Chicago Expanding South Shore Neighborhood FHA/VA Offers Will Be Accepted!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60649

Listings in this Zip Code average: 5 to 6 units, and are priced at $519,000 to $327,132
This listing is 28% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Shore

Listings in this Neighborhood average: 5 to 6 units, with average prices of $383,300 to $319,775
This listing is 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $15,000 Monthly $1,250
Rental Income Stabilized : Annual $27,600 Monthly $2,300
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$314,9003$104,9670.58%20.990.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,250$2,300
Year Total$15,000$27,600
Expense
Total$13,172$13,172
Net Operating Income$1,828$14,428
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3811 $10550 $14361 $1197
Total         $3,811 $10,550 $14,361   $-12,533 $3,811 $-8,722
Stabilized         $3,811 $10,550 $14,361   $67 $3,811 $3,878
Custom         $3811 $10550 $14361   $67 $3811 $3878




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1236,1751,1973118863118861,197
2235,8641,1973138846241,7702,394
3235,5511,1973148839382,6533,591
4235,2371,1973158821,2523,5364,788
5234,9231,1973168811,5684,4175,985
6234,6071,1973178801,8865,2967,182
7234,2891,1973188792,2046,1758,379
8233,9711,1973208772,5247,0529,576
9233,6511,1973218762,8447,92910,773
10233,3311,1973228753,1678,80311,970
11233,0081,1973238743,4909,67713,167
12232,6851,1973248733,81410,55014,364
13232,3611,1973268714,14011,42115,561

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Listing Agent: Sundeep Lamba
Listing Office: Publix Realty, Inc.
611 S Wells St. CHICAGO

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