3 Flat 1308 Homan Humboldt Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 1308 Homan Humboldt Park Chicago IL Mu Inv

City: Chicago ZIP: 60651

Built In: 1915

Lot Size: A

Lot Dimensions: 30X130

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1295

Unit 2 Floor 2: 3 bedrooms 1 baths $1595

Unit 3 Floor 3: 3 bedrooms 1 baths $1595

Detailed Listing Description

This highly updated 3-flat investment opportunity in West Humboldt Park is a rare find! The building features 3 units with a non-conforming garden unit, 2 car garage and covered parking pad located just blocks from the park! The extra 30ft wide lot allows for large interior living space and flooded with natural light. All three units have been completely updated in the last 5 years, the roof was done in 2016, masonry work and window lintels done in 2012, many windows recently replaced-the property is truly turn-key! Excellent 7+% CAP rate with strong rent roll and low taxes. Whether you are looking to occupy and offset your mortgage or for pure investment opportunity, this is a SLAM DUNK! Unit 1 2bd/1bth-$1,295, Unit 2 3bd/1bth-$1,595, Unit 3 3bd/1bth-$1595, plus parking and laundry income!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,C
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Appliances Unit 1A,B,E,F,S
  • Appliances Unit 2A,B,E,F,S
  • Appliances Unit 3A,B,E,F
  • Grade SchoolCasals Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 150% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 99% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $53,820 Monthly $4,485
Rental Income Stabilized : Annual $45,360 Monthly $3,780
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,485$3,780
Year Total$53,820$45,360
Net Operating Income$31,421$22,961
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7442 $20605 $28047 $2338
Total         $7,442 $20,605 $28,047   $3,374 $7,442 $10,816
Stabilized         $7,442 $20,605 $28,047   $-5,086 $7,442 $2,356
Custom         $7442 $20605 $28047   $-5086 $7442 $2356

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Keith Brand
Listing Office: Redfin Corporation
1201 Brairwood Ln Northbrook

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