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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