3 Flat 1941 Thomas Chi West Town Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 1941 Thomas Chi West Town Chicago IL Mu

City: Chicago ZIP: 60622

Built In: 1892

Lot Size: A

Lot Dimensions: 25 X 115

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 1: 2 bedrooms 1 baths $1100

Unit 3 Floor 2: 2 bedrooms 2 baths $1700

Gross Income $49,200

Net Op. Income $29,482

Detailed Listing Description

Rock Star location,East Ukrainian Village Steps to Division Street and Much Much More. Exceptionally Handsome All Brick 3 Unit Walk up with Full Unfinished Basement and 2-3 car Parking Pad. Building was Previously De-Converted from 4 Units to 3 Approximately 20 years ago. The Top Floor was Our Clients Past Personal Residence from the De-Conversion and Spans the Entire Length of the Building Offering 2 bedroom + 2 bath with Direct Private Entry, Hardwood Throughout, Huge Eat in Kitchen, Wide Expansive Formal Living Room + Plus Huge Separate Family Room and Massive Master Bedroom. Separate GFA and Central Air (Only Unit with Central Air) Currently Occupied by Long Term Tenant Leasing Mo- Mo @ $1700.00 which also Includes 1 Parking Space on Parking Pad. (See Picture Floor Plan for this Unit in Media) Unit 1F offer Direct Private Entry Set Up as 2 bedrooms Used as 1+ Den, Hardwood Floors Throughout. Gas forced air (No Central Air) Huge Kitchen, Exceptionally Hi Ceilings. $1300.00 Lea

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,E
  • Tenant Pays Unit 3B,C,D,E
Appliances
  • Appliances Unit 1A,B,J,S
  • Appliances Unit 2A,B,J,N,S
  • Appliances Unit 3A,B,F,I,N,S
Schools
  • Grade SchoolPritzker Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolWells Community Academy Senior H
  • 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 16% 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 12% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $49,200 Monthly $4,100
Rental Income Stabilized : Annual $74,592 Monthly $6,216
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$769,0003$256,3332.80%15.630.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,100$6,216
Year Total$49,200$74,592
Expense
Total$27,656$27,656
Net Operating Income$21,544$46,936
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9305 $25764 $35069 $2923
Total         $9,305 $25,764 $35,069   $-13,525 $9,305 $-4,220
Stabilized         $9,305 $25,764 $35,069   $11,867 $9,305 $21,172
Custom         $9305 $25764 $35069   $11867 $9305 $21172




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1576,7502,9237602,1637602,1632,923
2575,9902,9237632,1601,5234,3235,846
3575,2272,9237662,1572,2896,4808,769
4574,4612,9237692,1543,0588,63411,692
5573,6922,9237722,1513,83010,78514,615
6572,9202,9237752,1484,60412,93417,538
7572,1462,9237772,1465,38215,07920,461
8571,3682,9237802,1436,16217,22223,384
9570,5882,9237832,1406,94519,36226,307
10569,8052,9237862,1377,73121,49929,230
11569,0192,9237892,1348,52123,63232,153
12568,2292,9237922,1319,31325,76335,076
13567,4372,9237952,12810,10827,89137,999

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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