4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 1456 Fletcher Lake View Chicago IL Mu Inve

City: Chicago ZIP: 60657

Built In: 1898

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 5 bedrooms 3 baths $3200

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Unit 3 Floor 1: 4 bedrooms 3 baths $2400

Unit 4 Floor 2: 3 bedrooms 1 baths $1800

Net Op. Income $76,800

Detailed Listing Description

OVER $112000 (MARKET $151,200) IN ANNUAL RENTS. RENTS CURRENTLY BELOW MARKET VALUE BY $200 p/b YET STILL A 5% CAP RATE. TAKE ADVANTAGE OF THIS OPT TO OWN A STATELY LAKEVIEW 4-FLAT IN BURLEY SCHOOL DISTRICT; RAISE RENTS TO MARKET AND RECEIVE 7-9% CAP RATE. FOURTEEN BEDS. TOTAL RENT INCOME MONTHLY $9400 (MARKET 12,600/$151,200 ANNUAL MARKET) FIRST FLOOR UNITS NICELY RENOVATED AND DUPLEXED DOWN W/ IN-UNIT W/D. ALL UNITS ARE BEAUTIFULLY RENOVATED AND IN GREAT SHAPE. EACH UNIT HAS OWN HEATING/COOLING/ELECTRIC & PAY UTILITIES. ALL HAVE CENTRAL AIR/HVAC. HIGH BASEMENT CEILING HEIGHT. SOLID BRICK BUILDING THAT HAS BEEN WELL MAINTAINED. ADDITIONAL STORAGE UNITS IN BASEMENT. VERY WELL MAINTAINED BUILDING.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,E,F,I
  • Appliances Unit 4A,B,E,F,I
Schools
  • Grade SchoolBurley Elementary School
  • 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 19% more than other 4 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 12% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $112,800 Monthly $9,400
Rental Income Stabilized : Annual $116,256 Monthly $9,688
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,490,0004$372,5005.18%13.210.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,400$9,688
Year Total$112,800$116,256
Expense
Total$35,659$35,659
Net Operating Income$77,141$80,597
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18028 $49919 $67947 $5663
Total         $18,028 $49,919 $67,947   $9,194 $18,028 $27,222
Stabilized         $18,028 $49,919 $67,947   $12,650 $18,028 $30,678
Custom         $18028 $49919 $67947   $12650 $18028 $30678




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,117,5005,6631,4724,1911,4724,1915,663
21,116,0285,6631,4784,1852,9508,37611,326
31,114,5505,6631,4834,1804,43412,55516,989
41,113,0665,6631,4894,1745,92316,72922,652
51,111,5775,6631,4954,1687,41720,89828,315
61,110,0835,6631,5004,1638,91725,06133,978
71,108,5835,6631,5064,15710,42329,21839,641
81,107,0775,6631,5114,15211,93533,36945,304
91,105,5655,6631,5174,14613,45237,51550,967
101,104,0485,6631,5234,14014,97541,65556,630
111,102,5255,6631,5294,13416,50345,79062,293
121,100,9975,6631,5344,12918,03849,91867,956
131,099,4625,6631,5404,12319,57854,04173,619

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Listing Agent: Kimberly Chase-Harding
Listing Office: Berkshire Hathaway HomeServices Chicago
4919 S Blackstone Chicago

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