3 Flat 1947 Avers Chi North Lawndale Chicago IL| Chicago Property Listings – X Plus Real Estate

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3 Flat 1947 Avers Chi North Lawndale Chicago IL

City: Chicago ZIP: 60623

Built In: 1900

Lot Size: L

Lot Dimensions: 25X116

Lot Description: H

# of Units: 3

Unit 1 Floor B: 2 bedrooms 1 baths $900

Unit 2 Floor 1: 3 bedrooms 1 baths $1325

Unit 3 Floor 2: 3 bedrooms 1 baths $1350

Detailed Listing Description

Very nice fully rehabbed Greystone building located on an AMAZING historic block just steps away from historic route 66 (ogden corridor). This building features 2 large units with an additional bonus unit in the basement, each unit has tall ceilings, large windows, open living and dining plans, new mechanicals, kitchens with quartz counters, baths, flooring, windows, roof, tuck-pointing, etc washer & dryer hook up in unit, enclosed rear porch, fully fenced in yard, landscaped etc. All 3 units are occupied and rented @ full market rates.. This is a great opportunity to pick up this turnkey cash cow, just sign the docs and start collecting you're checks. Just steps away from the Ogden corridor, pink line CTA, restaurants close to downtown, medical district etc.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,Q
  • Appliances Unit 2A,B,P,Q
  • Appliances Unit 3A,B,P,Q
  • 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 $42,900 Monthly $3,575
Rental Income Stabilized : Annual $38,880 Monthly $3,240
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,575$3,240
Year Total$42,900$38,880
Net Operating Income$25,573$21,553
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   $12,393 $3,497 $15,890
Stabilized         $3,497 $9,683 $13,180   $8,373 $3,497 $11,870
Custom         $3497 $9683 $13180   $8373 $3497 $11870

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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