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
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,E,F,I,S
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,550$4,772
Year Total$54,600$57,264
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
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

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

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