4 Flat 8837 Exchange South Chicago Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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4 Flat 8837 Exchange South Chicago Chicago IL Mu

City: Chicago ZIP: 60617

Built In: 1888

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 1: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

This four units property is located in a nice tree line street, convenience to South Chicago Department of Health and stores, McDonald's etc. It has been updated in 2016, including electrical such as outlets, GCFI, 5 meters; and 4 new water heater tanks;14 new windows; 3 new doors for the front and the back; new concrete side walks; new copper water pipes; new furnace system and new ducts; Repaired and updated floors; new front porch and Repaired back porch; new garage door and opener; restored kitchens, bathrooms and sewer, drains and gutters. All these have been repaired or replaced since 2016, owner is a contractor so the property has been well maintained since then.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4O
Schools
  • 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 53% 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 56% 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 $36,941 Monthly $3,078
Rental Income Stabilized : Annual $46,176 Monthly $3,848
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$209,9904$52,4989.94%5.681.83%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,078$3,848
Year Total$36,941$46,176
Expense
Total$16,078$16,078
Net Operating Income$20,863$30,098
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2541 $7036 $9577 $798
Total         $2,541 $7,036 $9,577   $11,286 $2,541 $13,827
Stabilized         $2,541 $7,036 $9,577   $20,521 $2,541 $23,062
Custom         $2541 $7036 $9577   $20521 $2541 $23062




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1157,493798207591207591798
2157,2867982085904161,1801,596
3157,0777982095896251,7692,394
4156,8687982105888342,3583,192
5156,6597982115871,0452,9453,990
6156,4487982115871,2563,5324,788
7156,2377982125861,4684,1185,586
8156,0257982135851,6814,7036,384
9155,8127982145841,8955,2877,182
10155,5987982155832,1095,8717,980
11155,3847982155832,3256,4538,778
12155,1687982165822,5417,0359,576
13154,9527982175812,7587,61610,374

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Listing Agent: Yunmei Luo
Listing Office: HomeSmart Realty Group
523 Mallard Point Dr North Aurora

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