2 Flat 3744 Racine Lake View Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 3744 Racine Lake View Chicago IL Mu Invest

City: Chicago ZIP: 60613

Built In: 1901

Lot Size: L

Lot Dimensions: 25 X 123

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1700

Unit 2 Floor 2: 3 bedrooms 1 baths $1680

Gross Income $53,280

Detailed Listing Description

Classic Greystone 2-flat in Blaine School District - 3 bedroom unit on 2nd floor, separate utilities, 2nd floor with central air, thermal windows, hardwood floors, dishwashers, additional income from garden 1-bedroom and garage. Could be great duplex owners unit or AirBnB property. Southport Corridor on one side and new and improved Wrigleyville on the other. So many great shops, restaurants and amenities at your door step.

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 1B
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E
Schools
  • Grade SchoolBlaine Elementary School
  • Grade School District299
  • Jr High/Middle SchoolBlaine Elementary School
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 7% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $40,560 Monthly $3,380
Rental Income Stabilized : Annual $46,140 Monthly $3,845
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0002$349,5002.04%17.230.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,380$3,845
Year Total$40,560$46,140
Expense
Total$26,272$26,272
Net Operating Income$14,288$19,868
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-17,589 $8,458 $-9,131
Stabilized         $8,458 $23,419 $31,877   $-12,009 $8,458 $-3,551
Custom         $8458 $23419 $31877   $-12009 $8458 $-3551




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Carrie McCormick
Listing Office: @properties
2450 W. Bradley Place Chicago

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