3 Flat 1624 Washtenaw West Town Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 1624 Washtenaw West Town Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1892

Lot Size: L

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $1820

Unit 3 Floor 2: 2 bedrooms 1 baths $1815

Gross Income $83,452

Net Op. Income $62,508

Previous Listing
Map | 147 of 185

Detailed Listing Description

100% leased with excellent cash flow. Legal 3-flat, 1BR/1BA, 2BR/1BA+Den, 2BR/1BA+Den. Non-conforming additional 1BR/1BA (4th unit). 2 car garage. Close proximity to shopping, dining and CTA.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • 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,F
  • Appliances Unit 2A,B,F
  • Appliances Unit 3A,B,F
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 31% 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 7% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $61,620 Monthly $5,135
Rental Income Stabilized : Annual $58,248 Monthly $4,854
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$815,0003$271,6674.98%13.230.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,135$4,854
Year Total$61,620$58,248
Expense
Total$21,034$21,034
Net Operating Income$40,586$37,214
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9861 $27305 $37166 $3098
Total         $9,861 $27,305 $37,166   $3,420 $9,861 $13,281
Stabilized         $9,861 $27,305 $37,166   $48 $9,861 $9,909
Custom         $9861 $27305 $37166   $48 $9861 $9909




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1611,2503,0988062,2928062,2923,098
2610,4443,0988092,2891,6154,5816,196
3609,6353,0988122,2862,4276,8679,294
4608,8233,0988152,2833,2419,15112,392
5608,0093,0988182,2804,05911,43115,490
6607,1913,0988212,2774,88013,70818,588
7606,3703,0988242,2745,70515,98121,686
8605,5453,0988272,2716,53218,25224,784
9604,7183,0988302,2687,36220,52027,882
10603,8883,0988332,2658,19522,78530,980
11603,0553,0988372,2619,03225,04634,078
12602,2183,0988402,2589,87227,30437,176
13601,3783,0988432,25510,71529,55940,274

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Listing Agent: Nicholas Apostal
Listing Office: Keller Williams Chicago-Lincoln Park
2742 N. Richmond, #1 Chicago

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