3 Flat 1426 Marquette Chi Woodlawn Chicago IL M| Chicago Property Listings – X Plus Real Estate

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USING CLOUD

3 Flat 1426 Marquette Chi Woodlawn Chicago IL M

City: Chicago ZIP: 60637

Built In: 1908

Lot Size: A

Lot Dimensions: 30 X 127

# of Units: 3

Unit 1 Floor 1: 6 bedrooms 3 baths $0

Unit 2 Floor 2: 6 bedrooms 3 baths $0

Unit 3 Floor 3: 6 bedrooms 3 baths $0

Detailed Listing Description

A great opportunity to redevelop this 3-flat property located in Woodlawn. This property is a short distance to the Obama Library Campus, and a the University of Chicago. The is a Court ordered sale with CII as Receiver. Property needs extensive repairs, all are welcome to submit their bids to purchase however, experienced developers are preferred. When walking the property, please bring your contractor, so you'll have all details needed to complete the Contractors Narrative as part of your package. The Documents to submit a "complete Bid" are as follows: *The Bidder Information Form *Your Letter of Intent - which should disclose your intentions with the property. *A completed Court Sale Real Estate Contract *Your Contractor's Narrative - which should be an overview of work including costs to renovate. *Personal Financial Statement/Loan Commitment *Addendum to Personal Financial Statement *A list of Real Estate Owned *CV/Experience To view this property, you must sign a Ho

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3I
Appliances
  • Appliances Unit 1S
  • Appliances Unit 2S
  • Appliances Unit 3S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60637

Listings in this Zip Code average: 3 to 4 units, and are priced at $206,769 to $289,938
This listing is 35% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Woodlawn

Listings in this Neighborhood average: 3 to 4 units, with average prices of $208,776 to $297,430
This listing is 35% more than other 3 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $0 Monthly $0
Rental Income Stabilized : Annual $0 Monthly $0
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$135,0003$45,000-16.42%inf0.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$0$0
Year Total$0$0
Expense
Total$22,172$22,172
Net Operating Income$-22,172$-22,172
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1634 $4523 $6157 $514
Total         $1,634 $4,523 $6,157   $-28,329 $1,634 $-26,695
Stabilized         $1,634 $4,523 $6,157   $-28,329 $1,634 $-26,695
Custom         $1634 $4523 $6157   $-28329 $1634 $-26695




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1101,250514134380134380514
2101,1165141353792697591,028
3100,9815141353794041,1381,542
4100,8465141363785401,5162,056
5100,7105141363786771,8932,570
6100,5735141373778132,2713,084
7100,4375141373779512,6473,598
8100,2995141383761,0893,0234,112
9100,1615141383761,2273,3994,626
10100,0235141393751,3663,7745,140
1199,8845141393751,5054,1495,654
1299,7455141403741,6454,5236,168
1399,6055141403741,7864,8966,682

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Listing Agent: Maikol Akintonde
Listing Office: Coldwell Banker Residential
581 Dunbar Terrace Crete

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