4 Flat 7216 59th Summit IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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4 Flat 7216 59th Summit IL Mu Investment

City: Summit ZIP: 60501

Built In: U

Lot Size: B

Lot Dimensions: 59X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $925

Unit 2 Floor 1: 2 bedrooms 1 baths $925

Unit 3 Floor 2: 2 bedrooms 1 baths $925

Unit 4 Floor 2: 2 bedrooms 1 baths $900

Gross Income $57,000

Net Op. Income $47,455

Detailed Listing Description

High Class Brick 4 unit in nice area in Summit. Oversized lot with hug 3 car garage. Most luxurious 4 unit brick building in Summit. Also brings in $100/ month for laundry machines and $250.00/ month for the garage rental. LA related to seller.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces4
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3B
  • Tenant Pays Unit 4B
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
  • Grade SchoolDr Donald Wharton Elementary Sch
  • Grade School District104
  • Jr High/Middle SchoolDr Donald Wharton Elementary Sch
  • Jr High/Middle School District104
  • High School District217

Comparative Data

Zip Code Comparison: 60501

Listings in this Zip Code average: 2 to 3 units, and are priced at $201,429 to $207,967
This listing is 66% more than other 4 unit listings in this zipcode.

Calculated Rents
Rental Income : Annual $44,100 Monthly $3,675
Rental Income Stabilized : Annual $51,000 Monthly $4,250
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,675$4,250
Year Total$44,100$51,000
Net Operating Income$7,684$14,584
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $5154 $14269 $19423 $1619
Total         $5,154 $14,269 $19,423   $-11,739 $5,154 $-6,585
Stabilized         $5,154 $14,269 $19,423   $-4,839 $5,154 $315
Custom         $5154 $14269 $19423   $-4839 $5154 $315

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Louis Kiessling
Listing Office: City Life Realty
7480 Prescot Lane LaGrange

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