3 Flat 1533 Central Park Chi North Lawndale Chi| Chicago Property Listings – X Plus Real Estate

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3 Flat 1533 Central Park Chi North Lawndale Chi

City: Chicago ZIP: 60623

Built In: 1900

Lot Size: K

Lot Dimensions: 30X125

# of Units: 3

Unit 1 Floor B: 2 bedrooms 1 baths $N/A

Unit 2 Floor 1: 3 bedrooms 1 baths $1250

Unit 3 Floor 2: 3 bedrooms 1 baths $1107

Detailed Listing Description

Excellent opportunity to own 3 unit extra wide fully rehabbed Greystone building in North Lawndale. The building features tall ceilings, large open concept living and dining rooms, large bedrooms and been fully rehabbed with all new mechanicals, kitchens, baths, flooring, porch, tuck-pointing, common area laundry hook up. Currently 2 of the 3 units are occupied and rented @market rate with the basement being utilized as Airbnb but can be rented out with long term tenants to collect a huge monthly profit or ready for a savvy buyer to move into collecting income while you pay your mortgage and live for free. Close to downtown, i290, pink & blue line cta, bus routes, Douglas park, restaurants shopping and more.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3A,B,C
  • Appliances Unit 1A,B,Q
  • Appliances Unit 2A,B,Q
  • Appliances Unit 3A,B
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 68% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Lawndale

Listings in this Neighborhood average: 3 to 4 units, with average prices of $179,950 to $259,170
This listing is 61% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $37,428 Monthly $3,119
Rental Income Stabilized : Annual $28,080 Monthly $2,340
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,119$2,340
Year Total$37,428$28,080
Net Operating Income$20,283$10,935
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $3497 $9683 $13180 $1099
Total         $3,497 $9,683 $13,180   $7,103 $3,497 $10,600
Stabilized         $3,497 $9,683 $13,180   $-2,245 $3,497 $1,252
Custom         $3497 $9683 $13180   $-2245 $3497 $1252

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Cecilia Frakes-Mayberry
Listing Office: @properties
1001 N. Milwaukee Ave # 201 Chicago

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