3 Flat 1335 Fletcher Lake View Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 1335 Fletcher Lake View Chicago IL Mu Inve

City: Chicago ZIP: 60657

Built In: U

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1250

Unit 2 Floor 2: 2 bedrooms 1 baths $1275

Unit 3 Floor 3: 2 bedrooms 2 baths $2375

Gross Income $60,600

Net Op. Income $38,495

Detailed Listing Description

LAKEVIEW 3-UNIT BUILDING IN THE HEART OF SOUTHPORT CORRIDOR, UNBEATABLE LOCATION WITHIN WALKING DISTANCE TO CTA, SOUTHPORT RESTAURANTS, COFFEE, NIGHTLIFE AND LOCAL THEATER. BUILDING COMPRISED OF: RECENTLY REHABBED LOWER LEVEL 1 BED, 1 BATH UNIT WITH BRAND NEW CARPET, APPLIANCES AND BATHROOM UPDATES; LONG-TERM TENANT IN HIGH 1ST FLOOR 2 BED, 1 BATH AND UPDATED/POTENTIAL OWNER UNIT 2 BED, 2 BATH DUPLEX-UP WITH IN-UNIT WASHER/DRYER. DUPLEX UP FEATURES HARDWOOD FLOORING IN MAIN LIVING, FIREPLACE & WHITE KITCHEN WITH HUGE BACK DECK. COMMON LAUNDRY IN LOWER LEVEL FOR 1ST FLOOR AND GARDEN. IMPROVEMENTS TO BUILDING INCLUDE NEWER CONCRETE SIDEWALK, NEWER FURNACES AND/OR BASEBOARD HEATING MECHNISMS. BUILDING HAS ALWAYS BEEN FULLY RENTED WITHOUT VACANCY, TENANTS OF GARDEN RECENTLY VACATED AND UNIT JUST FINISHED BEING UPDATED. GREAT UPSIDE POTENTIAL WITH RENTAL INCREASES AND UPDATING UNITS. SOLD AS IS.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,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,C,D,F,I,L,N
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 25% more than other 3 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 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,800 Monthly $4,900
Rental Income Stabilized : Annual $73,992 Monthly $6,166
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$820,0003$273,3333.26%13.950.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,900$6,166
Year Total$58,800$73,992
Expense
Total$32,098$32,098
Net Operating Income$26,702$41,894
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9922 $27473 $37395 $3117
Total         $9,922 $27,473 $37,395   $-10,693 $9,922 $-771
Stabilized         $9,922 $27,473 $37,395   $4,499 $9,922 $14,421
Custom         $9922 $27473 $37395   $4499 $9922 $14421




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1615,0003,1178112,3068112,3063,117
2614,1893,1178142,3031,6254,6096,234
3613,3753,1178172,3002,4416,9109,351
4612,5593,1178202,2973,2619,20712,468
5611,7393,1178232,2944,08411,50115,585
6610,9163,1178262,2914,91013,79218,702
7610,0903,1178292,2885,73916,08021,819
8609,2613,1178322,2856,57218,36424,936
9608,4283,1178352,2827,40720,64628,053
10607,5933,1178392,2788,24622,92431,170
11606,7543,1178422,2759,08725,20034,287
12605,9133,1178452,2729,93227,47237,404
13605,0683,1178482,26910,78029,74140,521

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Listing Agent: Susan Nice
Listing Office: Dream Town Realty
1318 N. Wolcott #1 Chicago

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