3 Flat 2609 Chicago West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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3 Flat 2609 Chicago West Town Chicago IL Mu Inves

City: Chicago ZIP: 60622

Built In: 1900

Lot Size: A

Lot Dimensions: 28 X 124

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $OWN

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor 3: 2 bedrooms 1 baths $1100

Gross Income $26,400

Net Op. Income $16,400

Detailed Listing Description

WEST TOWN/UKRANIAN VILLAGE 3-FLAT AVAILABLE - Lovingly maintained by current owners for 50+ yrs. All units have 2 BR/1BA, and are rent or rehab ready. Huge Unfinished basement with old school Chicago, basement bar,(*Cubs Collection is available for sale, just ask). Quiet on the inside. True 3 Flat leaves many rehab options. XL Garage can fit 4 cars (tandem parking) and still offer additional storage. Close to everything: parks, expressway, shopping, restaurants, public trans.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B,E
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces4
  • 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
Appliances
  • Appliances Unit 1A,B,C,D,E,F,J,M,S,W,X
  • Appliances Unit 2A,B,J,S
  • Appliances Unit 3A,B,J,S
Schools
  • Grade SchoolChopin Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolHope College Prep High School
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 30% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 27% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $46,236 Monthly $3,853
Rental Income Stabilized : Annual $63,144 Monthly $5,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$639,0003$213,0003.31%13.820.82%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,853$5,262
Year Total$46,236$63,144
Expense
Total$25,077$25,077
Net Operating Income$21,159$38,067
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7732 $21409 $29141 $2429
Total         $7,732 $21,409 $29,141   $-7,982 $7,732 $-250
Stabilized         $7,732 $21,409 $29,141   $8,926 $7,732 $16,658
Custom         $7732 $21409 $29141   $8926 $7732 $16658




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1479,2502,4296321,7976321,7972,429
2478,6182,4296341,7951,2663,5924,858
3477,9842,4296371,7921,9035,3847,287
4477,3472,4296391,7902,5427,1749,716
5476,7082,4296411,7883,1838,96212,145
6476,0672,4296441,7853,82710,74714,574
7475,4232,4296461,7834,47312,53017,003
8474,7772,4296491,7805,12114,31119,432
9474,1292,4296511,7785,77216,08921,861
10473,4782,4296531,7766,42617,86424,290
11472,8242,4296561,7737,08219,63726,719
12472,1682,4296581,7717,74021,40829,148
13471,5102,4296611,7688,40123,17631,577

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Listing Agent: Ellen Rosner
Listing Office: Baird & Warner
1809 N Whipple Chicago

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