4 Flat 2507 09 Belle Plaine North Center Chicago | Chicago Property Listings – X Plus Real Estate

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4 Flat 2507 09 Belle Plaine North Center Chicago

City: Chicago ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 25X116

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $800

Unit 2 Floor 1: 1 bedrooms 1 baths $800

Unit 3 Floor 2: 1 bedrooms 1 baths $950

Unit 4 Floor 2: 1 bedrooms 1 baths $950

Detailed Listing Description

CORNER LOT, SOLID BRICK, CENTER ENTRANCE 4 UNIT LOCATED IN DESIRABLE NORTH CENTER! BUILDING FEATURES FOUR LARGE 1 BEDROOM 1 BATH UNITS WITH PARTIAL FINISHED BASEMENT AWAITING YOUR IDEAS. NEWER 2 CAR GARAGE, TUCKPOINTING, AND ROOF. EACH UNIT HAS SEPARATE WATER HEATERS AND FURNACES. APARTMENTS IN NEED OF SOME WORK AND BUILDING BEING SOLD IN "AS IS" CONDITION. CURRENTLY FULLY RENTED WITH LONG TIME TENANTS. MTM LEASES ARE WAY BELOW MARKET VALUE! GREAT INVESTMENT OPPORTUNITY! LOCATED WITHIN LEVEL 1+ COONLEY ELEMENTRARY SCHOOL DISTRICT. STEPS TO NORTH BRANCH, SHOPPING, DINING, AND PUBLIC TRANSPORTATION. PLEASE ALLOW 24-48 HOUR NOTICE FOR SHOWINGS. ZONED RS-3.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • 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
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • Grade SchoolCoonley Elementary School
  • Grade School District299
  • Jr High/Middle SchoolCoonley Elementary School
  • Jr High/Middle School District299
  • High SchoolAmundsen High School
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 1% more than other 4 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 15% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $42,000 Monthly $3,500
Rental Income Stabilized : Annual $57,384 Monthly $4,782
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$825,0004$206,2501.06%19.640.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,500$4,782
Year Total$42,000$57,384
Expense
Total$33,278$33,278
Net Operating Income$8,722$24,106
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9982 $27640 $37622 $3136
Total         $9,982 $27,640 $37,622   $-28,900 $9,982 $-18,918
Stabilized         $9,982 $27,640 $37,622   $-13,516 $9,982 $-3,534
Custom         $9982 $27640 $37622   $-13516 $9982 $-3534




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1618,7503,1368162,3208162,3203,136
2617,9343,1368192,3171,6344,6386,272
3617,1163,1368222,3142,4566,9529,408
4616,2943,1368252,3113,2819,26312,544
5615,4693,1368282,3084,10911,57115,680
6614,6413,1368312,3054,94013,87618,816
7613,8103,1368342,3025,77416,17821,952
8612,9763,1368372,2996,61218,47625,088
9612,1383,1368402,2967,45220,77228,224
10611,2983,1368442,2928,29623,06431,360
11610,4543,1368472,2899,14325,35334,496
12609,6073,1368502,2869,99327,63937,632
13608,7573,1368532,28310,84629,92240,768

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Listing Agent: Daniel Collins
Listing Office: Coldwell Banker Residential
4829 N. Nordica Chicag

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