2 Flat 3514 Wolcott North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 3514 Wolcott North Center Chicago IL Mu In

City: Chicago ZIP: 60657

Built In: 1908

Lot Size: A

Lot Dimensions: 32X77X31X77 AS PER COUNTY

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $OWN

Detailed Listing Description

GREYSTONE 2 FLAT IN LAKEVIEW/ROSCOE VILLAGE. BOTH APARTMENTS ARE 5 ROOMS, 2 BEDROOMS, 1 BATH. APPROXIMATELY 1000 SF. 2ND FLOOR IN GOOD SHAPE. 1ST FLOOR BATHROOM NEEDS SOME ATTENTION. FULL BASEMENT. SEPARATE GFA HEAT AND HOT WATER HEATERS. LOT APPROXIMATELY 32X77 DOES NOT HAVE A GARAGE BUT ALLEY ON SOUTH COULD ALLOW FOR A CARPORT. SHORT WALK TO BROWN LINE & ROSCOE VILLAGE NIGHT LIFE. KEEP AS A 2 FLAT, DUPLEX INTO BASEMENT OR CONVERT TO SINGLE FAMILY. SELLER NEEDS SOME TIME AFTER CLOSING TO RELOCATE.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D,G,H
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 30% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 7% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,800 Monthly $2,150
Rental Income Stabilized : Annual $43,572 Monthly $3,631
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$605,0002$302,5000.90%23.450.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,150$3,631
Year Total$25,800$43,572
Expense
Total$20,381$20,381
Net Operating Income$5,419$23,191
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7321 $20269 $27590 $2300
Total         $7,321 $20,269 $27,590   $-22,171 $7,321 $-14,850
Stabilized         $7,321 $20,269 $27,590   $-4,399 $7,321 $2,922
Custom         $7321 $20269 $27590   $-4399 $7321 $2922




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1453,7502,3005981,7025981,7022,300
2453,1522,3006011,6991,1993,4014,600
3452,5512,3006031,6971,8025,0986,900
4451,9482,3006051,6952,4076,7939,200
5451,3432,3006071,6933,0158,48511,500
6450,7352,3006101,6903,62410,17613,800
7450,1262,3006121,6884,23611,86416,100
8449,5142,3006141,6864,85113,54918,400
9448,8992,3006171,6835,46715,23320,700
10448,2832,3006191,6816,08616,91423,000
11447,6642,3006211,6796,70818,59225,300
12447,0422,3006241,6767,33120,26927,600
13446,4192,3006261,6747,95721,94329,900

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Listing Agent: Michael Haderlein
Listing Office: John Haderlein & Son, Inc.
3049 N. Ashland Ave. Chicago

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