3 Flat 1119 22nd Melrose Park IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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3 Flat 1119 22nd Melrose Park IL Mu Investment

City: Melrose Park ZIP: 60160

Built In: 1923

Lot Size: A

Lot Dimensions: 3300 SF

Lot Description: E

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 1: 2 bedrooms 1 baths $0

Detailed Listing Description

TWO FOR THE PRICE OF ONE! INVESTOR SPECIAL - LOCAL BANK OWNED UNIQUE PARCEL. TWO STRUCTURES ON ONE SITE BOTH NEEDING REPAIR BUT GREAT FOR PRODUCING INCOME ONCE REMEDIED OR FABULOUS OPTION FOR RELATED LIVING. SOLD IN AS-IS CONDITION. BANK CONTRACT REQUIRED.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District89
  • Jr High/Middle School District89
  • High School District209

Comparative Data

Zip Code Comparison: 60160

Listings in this Zip Code average: 2 to 3 units, and are priced at $243,593 to $323,922
This listing is 38% more than other 3 unit listings in this zipcode.

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

Calculated Rents
Rental Income : Annual $12,000 Monthly $1,000
Rental Income Stabilized : Annual $15,000 Monthly $1,250
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$199,9003$66,633-3.98%16.660.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,000$1,250
Year Total$12,000$15,000
Expense
Total$19,954$19,954
Net Operating Income$-7,954$-4,954
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2419 $6698 $9117 $760
Total         $2,419 $6,698 $9,117   $-17,071 $2,419 $-14,652
Stabilized         $2,419 $6,698 $9,117   $-14,071 $2,419 $-11,652
Custom         $2419 $6698 $9117   $-14071 $2419 $-11652




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1149,925760198562198562760
2149,7277601995613961,1241,520
3149,5297601995615961,6842,280
4149,3297602005607962,2443,040
5149,1297602015599962,8043,800
6148,9297602025581,1983,3624,560
7148,7277602025581,4003,9205,320
8148,5257602035571,6034,4776,080
9148,3227602045561,8075,0336,840
10148,1187602055552,0125,5887,600
11147,9137602055552,2176,1438,360
12147,7087602065542,4236,6979,120
13147,5027602075532,6307,2509,880

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Listing Agent: Julie Woolfe
Listing Office: Woolfe & Company Realtors Inc.
325 COTTAGE HILL AVENUE ELMHURST

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