4 Flat 1511 Balmoral Westchester IL Mu Investment| Chicago Property Listings – X Plus Real Estate

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4 Flat 1511 Balmoral Westchester IL Mu Investment

City: Westchester ZIP: 60154

Built In: 1961

Lot Size: B

Lot Dimensions: 100X191

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1150

Unit 2 Floor 1: 2 bedrooms 1 baths $1200

Unit 3 Floor 2: 2 bedrooms 1 baths $VAC

Unit 4 Floor 2: 2 bedrooms 1 baths $1000

Detailed Listing Description

Wonderful investment/related living opportunity. Impeccably kept 4 unit building with many recent upgrades. Each unit has 2 bedrooms and 1 bath with approximately 1100 square feet of living space. All units have hardwood floors throughout. Second floor units have been carpeted. Whole building electric upgraded in 2012. Mostly newer appliances in all units. Separate electrical panels, heat, and central air for each unit. Each unit has its own non-coin operated washer/dryer in the basement. Finished rec room area w/ 3/4 bath in the basement. Storage lockers for each unit. Property sits on a huge lot, almost a half acre. 4 car garage plus 6 additional exterior spaces. Common area fire alarm installed per village code.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces4
  • ParkingG,S
  • Number of Parking Spaces4
  • 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
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,I,N,S
  • Appliances Unit 2A,B,I,N,S
  • Appliances Unit 3A,B,I,N,S
  • Appliances Unit 4A,B,I,N,S
Schools
  • Grade SchoolWestchester Primary School
  • Grade School District92.5
  • Jr High/Middle SchoolWestchester Intermediate School
  • Jr High/Middle School District92.5
  • High SchoolProviso West High School
  • High School District209

Comparative Data

Zip Code Comparison: 60154

Listings in this Zip Code average: 4 units, and are priced at around $649,000
This listing is 14% more than other 4 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $52,680 Monthly $4,390
Rental Income Stabilized : Annual $59,592 Monthly $4,966
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$559,9004$139,9753.46%10.630.89%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,390$4,966
Year Total$52,680$59,592
Expense
Total$33,285$33,285
Net Operating Income$19,395$26,307
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6775 $18759 $25534 $2128
Total         $6,775 $18,759 $25,534   $-6,139 $6,775 $636
Stabilized         $6,775 $18,759 $25,534   $773 $6,775 $7,548
Custom         $6775 $18759 $25534   $773 $6775 $7548




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1419,9252,1285531,5755531,5752,128
2419,3722,1285551,5731,1093,1474,256
3418,8162,1285571,5711,6664,7186,384
4418,2592,1285601,5682,2266,2868,512
5417,6992,1285621,5662,7877,85310,640
6417,1382,1285641,5643,3519,41712,768
7416,5742,1285661,5623,91710,97914,896
8416,0082,1285681,5604,48512,53917,024
9415,4402,1285701,5585,05514,09719,152
10414,8702,1285721,5565,62715,65321,280
11414,2982,1285741,5546,20217,20623,408
12413,7232,1285771,5516,77818,75825,536
13413,1472,1285791,5497,35720,30727,664

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Listing Agent: Marc Murawski
Listing Office: Century 21 Affiliated
1860 Mannheim Road Westchester

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