4 Flat 3041 Monticello Chi Avondale Chicago IL | Chicago Property Listings – X Plus Real Estate

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4 Flat 3041 Monticello Chi Avondale Chicago IL

City: Chicago ZIP: 60618

Built In: 1914

Lot Size: K

Lot Dimensions: 50X125

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $620

Unit 2 Floor 1: 2 bedrooms 1 baths $1080

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Unit 4 Floor 3: 2 bedrooms 1 baths $0

Detailed Listing Description

Incredible opportunity at 3039-3041 N Monticello - a beautiful all-brick, turn of the century legal 4-flat + unfinished attic with incredible ceiling height + side lot (separate pin) in booming Avondale neighborhood boasts incredible pride of ownership -single family owner for over 70 years. Gorgeous vintage details in this special property include stone front porch stairs, original built-in hutches, gorgeous Georgia pine doors + hardware, clawfoot tubs, 10 ft high ceilings, and west-facing bay windows providing tons of natural light. Each unit is a 2 bed, 1 bath and features eat-in kitchens with large pantry spaces, white maple hardwood floors throughout, walk-in closets, and bright enclosed back porches. Unfinished attic space with Georgia pine hardwood floors, exposed brick, high ceilings with pitched roof could be converted to living space to duplex up from the top floor unit to make fantastic 3-4b/2b owner suite with partial view of downtown. 2014 W/D + separate water heaters in b

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • Grade SchoolReilly Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSchurz High School
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 2% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 20% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $20,400 Monthly $1,700
Rental Income Stabilized : Annual $71,136 Monthly $5,928
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0004$199,750-1.02%39.170.74%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,700$5,928
Year Total$20,400$71,136
Expense
Total$28,564$28,564
Net Operating Income$-8,164$42,572
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-44,601 $9,668 $-34,933
Stabilized         $9,668 $26,769 $36,437   $6,135 $9,668 $15,803
Custom         $9668 $26769 $36437   $6135 $9668 $15803




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: Elena Theodoros
Listing Office: @properties
758 N Larrabee St. Unit #706 Chicago

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