4 Flat 8155 Colfax South Chicago Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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4 Flat 8155 Colfax South Chicago Chicago IL Mu

City: Chicago ZIP: 60617

Built In: 1944

Lot Size: A

Lot Dimensions: 5318

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 4: 2 bedrooms 1 baths $0

Unit 4 Floor 4: 2 bedrooms 1 baths $0

Detailed Listing Description

Great opportunity to finish and own a project and have instant equity! Building does need work, but this property has great potential.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4O
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60617

Listings in this Zip Code average: 2 to 3 units, and are priced at $98,662 to $161,586
This listing is 38% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Chicago

Listings in this Neighborhood average: 3 to 4 units, with average prices of $165,580 to $134,778
This listing is 37% more than other 4 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $1,539 Monthly $128
Rental Income Stabilized : Annual $1,924 Monthly $160
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$128$160
Year Total$1,539$1,924
Net Operating Income$-18,320$-17,935
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $1029 $2848 $3877 $324
Total         $1,029 $2,848 $3,877   $-22,197 $1,029 $-21,168
Stabilized         $1,029 $2,848 $3,877   $-21,812 $1,029 $-20,783
Custom         $1029 $2848 $3877   $-21812 $1029 $-20783

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Gerard Lewis
Listing Office: Better Homes For America, LLC
4146 S. Berkeley Ave Chicago

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