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 3: 3 bedrooms 1 baths $1800

Unit 4 Floor 2: 2 bedrooms 1 baths $1070

Gross Income $67,920

Net Op. Income $45,434

Detailed Listing Description

AS-IS SALE. Property has City Violations. Could be 4 or 5 Unit Building. SERIOUS OFFERS/BUYERS ONLY! Extra Deep Lot lot with Front Building and Coach House. Flexible Investor & Owner Occupant Opportunities: Keep as a Cash Cow, Outstanding AirBNB Potential. Turn into Duplex up or down Units. Make into Single Family with Income Producing Coach House. Owner Occupy and Live for Free! Condo Conversion Potential. 3 Units in Front Building Have 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. Some Updates Completed. Include Newer Roof, New Electric Service, Central Heat/Air, Newer Vinyl Windows & Iron Gate/Fence. Low Operating Costs. Tenants Pay Heat. Outstanding Noble Square Location Nestled between Hot Neighborhoods! Minutes to West Loop, Buck Town, Wicker Park, West Loop, Ukrainian Village & Loop. Quickly Appreciated Neighborhood!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • 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 Unit 1S
  • Appliances Unit 2S
  • Appliances Unit 3S
  • Appliances Unit 4S
  • 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 45% 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 33% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $67,920 Monthly $5,660
Rental Income Stabilized : Annual $84,192 Monthly $7,016
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,660$7,016
Year Total$67,920$84,192
Net Operating Income$34,096$50,368
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $2,219 $8,458 $10,677
Stabilized         $8,458 $23,419 $31,877   $18,491 $8,458 $26,949
Custom         $8458 $23419 $31877   $18491 $8458 $26949

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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

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