3 Flat 4452 Hermitage Chi Uptown Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 4452 Hermitage Chi Uptown Chicago IL Mu

City: Chicago ZIP: 60640

Built In: U

Lot Size: A

Lot Dimensions: 125X25

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 3 bedrooms 1 baths $1600

Unit 3 Floor 3: 1 bedrooms 1 baths $1450

Detailed Listing Description

PERFECT 1031 / INVESTOR OPPORTUNITY! Newly Updated Common Spaces - Classic East Ravenswood 4 Unit Greystone with vintage touches, steps from CTA/Metra, surrounded by multi-million singe family homes. Income producing property that has great potential to be a high residual property or mutli-unit condo resale for the right investor. The garden unit is in the process of a retro-fit renovation that's about 60% completed. All 4 units are separately metered and utilities are tenant responsibility. New owner has option to covert to single family, 2 duplexes or keep as an investment property and submit with the city for the garden unit, current license over 20 years old as 3 flat. Current 3 unit income due to garden unit, if you upgrade all 4 units, has potential for a 30%+ increase in income. With the proximity of public transit, dining, shopping and great schools potential AAA asset on a tree lined street with true Chicago character.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,E,F,I,S
Schools
  • Grade SchoolRavenswood Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolAmundsen High School
  • High School District299

Comparative Data

Zip Code Comparison: 60640

Listings in this Zip Code average: 2 to 3 units, and are priced at $578,609 to $950,818
This listing is 16% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Uptown

Listings in this Neighborhood average: 2 to 3 units, with average prices of $587,975 to $910,800
This listing is 12% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,600 Monthly $4,550
Rental Income Stabilized : Annual $57,264 Monthly $4,772
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0003$266,3334.41%14.630.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,550$4,772
Year Total$54,600$57,264
Expense
Total$19,334$19,334
Net Operating Income$35,266$37,930
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   $-1,171 $9,668 $8,497
Stabilized         $9,668 $26,769 $36,437   $1,493 $9,668 $11,161
Custom         $9668 $26769 $36437   $1493 $9668 $11161




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: Raj Patel
Listing Office: Core Luxury Real Estate Inc.
1616 N. Mohawk St. Chicago

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