3 Flat 4844 Spaulding Albany Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 4844 Spaulding Albany Park Chicago IL Mu I

City: Chicago ZIP: 60625

Built In: U

Lot Size: L

Lot Dimensions: 3750

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 3 baths $1500

Unit 2 Floor 2: 3 bedrooms 2 baths $1500

Unit 3 Floor 3: 3 bedrooms 2 baths $1000

Detailed Listing Description

Excellent Investment Opportunity. 100% LEASED! 3-Unit Building in Prime Albany Park Location. Spacious apartments with dining room/living room, eat-in kitchens. 2 apartments are 3bed/2bath and 1 is 4bed/3bath. 1st floor & garden unit are duplexed to form a huge family-friendly space. Individual Furnaces/AC's/Laundry is a huge plus. Updated apartments with hardwood floors. Newly restored roof (2018). 1 parking space per unit in the back. Vaulted ceilings on 3rd floor. Long time MTM tenants on 1st and 2nd floors. 3rd floor lease ends in February 2020. Great opportunity to raise rents and have a great cash flowing asset. Easy/quick walk to the brown line, down the street from North Park University. Rent-Roll and Financials available upon request.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • 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,E
Appliances
  • Appliances Unit 1A,B,D,E,F,I,N,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,N,P,S
  • Appliances Unit 3A,B,C,D,E,F,I,N,P,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 25% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 48% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $79,692 Monthly $6,641
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$815,0003$271,6672.58%16.980.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$6,641
Year Total$48,000$79,692
Expense
Total$26,976$26,976
Net Operating Income$21,024$52,716
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9861 $27305 $37166 $3098
Total         $9,861 $27,305 $37,166   $-16,142 $9,861 $-6,281
Stabilized         $9,861 $27,305 $37,166   $15,550 $9,861 $25,411
Custom         $9861 $27305 $37166   $15550 $9861 $25411




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1611,2503,0988062,2928062,2923,098
2610,4443,0988092,2891,6154,5816,196
3609,6353,0988122,2862,4276,8679,294
4608,8233,0988152,2833,2419,15112,392
5608,0093,0988182,2804,05911,43115,490
6607,1913,0988212,2774,88013,70818,588
7606,3703,0988242,2745,70515,98121,686
8605,5453,0988272,2716,53218,25224,784
9604,7183,0988302,2687,36220,52027,882
10603,8883,0988332,2658,19522,78530,980
11603,0553,0988372,2619,03225,04634,078
12602,2183,0988402,2589,87227,30437,176
13601,3783,0988432,25510,71529,55940,274

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Listing Agent: Rina Hodzic
Listing Office: Panther Pro Realty Inc.
7450 Lincoln Avenue Unit 507 Skokie

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