4 Flat 8507 Buffalo South Chicago Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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4 Flat 8507 Buffalo South Chicago Chicago IL Mu I

City: Chicago ZIP: 60617

Built In: 1885

Lot Size: A

Lot Dimensions: 49X124

Lot Description: H

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $400

Unit 2 Floor 2: 2 bedrooms 1 baths $400

Unit 3 Floor 3: 2 bedrooms 1 baths $400

Unit 4 Floor R: 2 bedrooms 1 baths $0

Detailed Listing Description

4-UNIT SOUTH CHICAGO PROPERTY CONSISTS OF 3-FLAT & REAR HOUSE ON DOUBLE LOT 3-FLAT includes TWO 2-BEDROOM/1 bath units, ONE 1-BEDROOM/1 bath unit with walk-in closet, WALK-UP ATTIC, NEWER ENCLOSED REAR PORCHES/stairway REAR HOUSE includes 2 BEDROOMS, 1 bath, LAUNDRY ROOM, BASEMENT *** NEWER WINDOWS THROUGHOUT 3-FLAT & HOUSE *** FULLY FENCED, including 2nd OPEN SIDE LOT: room for play, pets, gardening, entertaining! CURRENT RENTS ARE WELL BELOW MARKET of approx $550/mo All 3-flat tenants are month-to-month and pay electric & gas, sellers occupy rear house CONVEYED STRICTLY "AS IS" - will not pass an FHA/VA appraisal LONGTIME OWNERS are ready for this property to begin its next chapter = OPPORTUNITY FOR YOU!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C,F,H
  • Appliances Unit 1P,U
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4C,D,P
  • 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 13% 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 11% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $2,499 Monthly $208
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$208
Year Total$14,400$2,499
Net Operating Income$-4,017$-15,918
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $1452 $4021 $5473 $457
Total         $1,452 $4,021 $5,473   $-9,490 $1,452 $-8,038
Stabilized         $1,452 $4,021 $5,473   $-21,391 $1,452 $-19,939
Custom         $1452 $4021 $5473   $-21391 $1452 $-19939

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Cara Dulaitis
Listing Office: RE/MAX Synergy
1760 E Burville Road Crete

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