4 Flat 1458 Chestnut West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 1458 Chestnut West Town Chicago IL Mu Inve

City: Chicago ZIP: 60642

Built In: 1875

Lot Size: A

Lot Dimensions: 23 X 129

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1040

Unit 2 Floor 2: 3 bedrooms 1 baths $1750

Unit 3 Floor 0: 0 bedrooms 0 baths $1800

Unit 4 Floor 0: 0 bedrooms 0 baths $1070

Gross Income $67,920

Net Op. Income $45,434

Detailed Listing Description

Extra Deep, 4 Unit Building + 1 Lower Level Bonus Unit & Coach House! 5 Total Units. 4 Unit Financing Potential. Flexible Investor & Owner Occupant Opportunities! Keep as a Cash Cow with 5 Units rented. Outstanding Air BNB Potential. Duplex up or down. Single Family with Income Producing Coach House. Owner Occupy and Live for Free! Condo Conversion Potential. 3 Units in Front Building with 2 Bed + Den and In-Unit Laundry. 2 Units in Coach House. Front Lower Level Unit with Full Sized Windows is Ready for your Ideas. Perfect Value Add Opportunity. 2 Units in Coach House. Many Updates Completed. Include Newer Roof, New Electric Service, Central heat/air, Newer vinyl windows & iron gate/fence all installed. Low Operating Costs. Tenants Pay Heat. Outstanding Noble Square nestled between Hot Neighborhoods! Minutes to West Loop, Buck Town, Wicker Park, West Loop, Ukrainian Village & Loop.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D,I
  • Tenant Pays Unit 2B,D,I
  • Tenant Pays Unit 3B,D,I
  • Tenant Pays Unit 4B,D,I
Appliances
  • Appliances Unit 1S
  • Appliances Unit 2S
  • Appliances Unit 3S
  • Appliances Unit 4S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 41% more than other 4 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 28% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $67,920 Monthly $5,660
Rental Income Stabilized : Annual $75,036 Monthly $6,253
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$747,0004$186,7504.56%11.000.84%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,660$6,253
Year Total$67,920$75,036
Expense
Total$33,824$33,824
Net Operating Income$34,096$41,212
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9039 $25027 $34066 $2839
Total         $9,039 $25,027 $34,066   $30 $9,039 $9,069
Stabilized         $9,039 $25,027 $34,066   $7,146 $9,039 $16,185
Custom         $9039 $25027 $34066   $7146 $9039 $16185




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1560,2502,8397382,1017382,1012,839
2559,5122,8397412,0981,4794,1995,678
3558,7712,8397442,0952,2236,2948,517
4558,0272,8397462,0932,9698,38711,356
5557,2812,8397492,0903,71810,47714,195
6556,5322,8397522,0874,47012,56417,034
7555,7802,8397552,0845,22514,64819,873
8555,0252,8397582,0815,98316,72922,712
9554,2672,8397602,0796,74318,80825,551
10553,5072,8397632,0767,50620,88428,390
11552,7442,8397662,0738,27322,95631,229
12551,9772,8397692,0709,04225,02634,068
13551,2082,8397722,0679,81427,09336,907

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Listing Agent: Santiago Valdez
Listing Office: Compass
30 E Elm 10C Chicago

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