3 Flat 1010 Arnold Des Plaines IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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3 Flat 1010 Arnold Des Plaines IL Mu Investment

City: Des Plaines ZIP: 60016

Built In: 1967

Lot Size: A

Lot Dimensions: 56 X 149 X 56 X 149

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $800

Unit 2 Floor 2: 3 bedrooms 1 baths $NA

Unit 3 Floor 3: 3 bedrooms 1 baths $950

Detailed Listing Description

Great Investment opportunity! This spacious brick 3-Flat comes with 8 bedrooms, 3.2 bathrooms, and a 2.1 car garage. There is hardwood flooring on all 3 levels. The laundry/utility room is in the basement with a washer, dryer, and extra storage space for each unit. Plus 3 hot water heaters that were replaced approximately 5-6 years ago, and 3 boiler systems that were replaced approximately 6-7 years ago. Most windows were replaced approximately 3-5 years ago. There is also extra storage in the garage. The backyard is partially fenced and maintained by the current owner. The owner pays the utility bill which includes water, sewer, and garbage; the bill is typically between $320-$340 every two months. Long term tenants are on a month to month but would be willing to stay. Tenants pay for electric and gas. The middle unit is not currently occupied. The roof will be replaced weather permitting or a credit can be given at closing. The tenant's rents are low for the area. This a great locat

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,J
  • Appliances Unit 2A,B,J
  • Appliances Unit 3A,B,J
Schools
  • Grade School District59
  • Jr High/Middle School District59
  • High School District214

Comparative Data

Zip Code Comparison: 60016

Listings in this Zip Code average: 4 to 5 units, and are priced at $472,640 to $0
This listing is 12% more than other 3 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $21,000 Monthly $1,750
Rental Income Stabilized : Annual $51,888 Monthly $4,324
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$430,0003$143,3330.67%20.481.01%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,750$4,324
Year Total$21,000$51,888
Expense
Total$18,124$18,124
Net Operating Income$2,876$33,764
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5203 $14407 $19610 $1635
Total         $5,203 $14,407 $19,610   $-16,734 $5,203 $-11,531
Stabilized         $5,203 $14,407 $19,610   $14,154 $5,203 $19,357
Custom         $5203 $14407 $19610   $14154 $5203 $19357




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1322,5001,6354261,2094261,2091,635
2322,0741,6354271,2088532,4173,270
3321,6471,6354291,2061,2823,6234,905
4321,2181,6354301,2051,7124,8286,540
5320,7881,6354321,2032,1446,0318,175
6320,3561,6354341,2012,5787,2329,810
7319,9221,6354351,2003,0138,43211,445
8319,4871,6354371,1983,4509,63013,080
9319,0501,6354391,1963,88910,82614,715
10318,6111,6354401,1954,32912,02116,350
11318,1711,6354421,1934,77113,21417,985
12317,7291,6354441,1915,21414,40619,620
13317,2861,6354451,1905,65915,59621,255

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Listing Agent: Catherine Barker
Listing Office: Coldwell Banker Residential Brokerage
4192 IL Route 83 #F Long Grove

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