3 Flat 3939 14th North Lawndale Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 3939 14th North Lawndale Chicago IL Mu Inv

City: Chicago ZIP: 60623

Built In: 1924

Lot Size: L

Lot Dimensions: 32X125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $1303

Unit 3 Floor 3: 3 bedrooms 1 baths $1350

Detailed Listing Description

A very nice completely rehabbed 3 unit building in Hot North Lawndale neighborhood on a quiet street. (Opportunity zone) This building features large units, (all 3 bedroom), tall ceilings, new kitchens, baths, mechanical's (including electrical service, copper plumbing, central heat), luxury "life proof" flooring, tuck-pointing, rear porch, full sized unfinished basement, landscaped etc. A great opportunity to live in one unit and pay your mortgage with nice profit or rent all 3 and collect a HUGE monthly passive income. (Existing tenant is current on rent payments and @ the upper tier of market rate) TURNKEY with 11%+ CAP when proforma! Minutes away from the Eisenhower (I 290) Expressway, Downtown Chicago, public transportation, Douglas park & boulevard, restaurants shopping and more!

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
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 103% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Lawndale

Listings in this Neighborhood average: 3 to 4 units, with average prices of $179,950 to $259,170
This listing is 94% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $42,792 Monthly $3,566
Rental Income Stabilized : Annual $41,580 Monthly $3,465
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$349,9993$116,6666.72%8.180.99%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,566$3,465
Year Total$42,792$41,580
Expense
Total$19,255$19,255
Net Operating Income$23,537$22,325
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4235 $11726 $15961 $1331
Total         $4,235 $11,726 $15,961   $7,576 $4,235 $11,811
Stabilized         $4,235 $11,726 $15,961   $6,364 $4,235 $10,599
Custom         $4235 $11726 $15961   $6364 $4235 $10599




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1262,5001,3313479843479841,331
2262,1531,3313489836951,9672,662
3261,8051,3313499821,0442,9493,993
4261,4561,3313519801,3943,9305,324
5261,1061,3313529791,7464,9096,655
6260,7541,3313539782,0995,8877,986
7260,4011,3313549772,4546,8639,317
8260,0461,3313569752,8107,83810,648
9259,6901,3313579743,1678,81211,979
10259,3331,3313599723,5259,78513,310
11258,9751,3313609713,88510,75614,641
12258,6151,3313619704,24611,72615,972
13258,2541,3313639684,60912,69417,303

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Listing Agent: Cecilia Frakes-Mayberry
Listing Office: @properties
1001 N. Milwaukee Ave # 201 Chicago

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