4 Flat 1943 Winchester Logan Square Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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4 Flat 1943 Winchester Logan Square Chicago IL Mu

City: Chicago ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 4 bedrooms 2 baths $2000

Unit 3 Floor 1: 2 bedrooms 1 baths $1100

Unit 4 Floor 1: 4 bedrooms 2 baths $1500

Detailed Listing Description

LEGAL 4 UNIT,HUGE TWO LARGE BUILDINGS (approx. 6000 ft) ON PRIME BUCKTOWN LOT. FRONT BLDG WITH A UNIT AT GROUND LEVEL AND A DUPLEX UP ABOVE IS BRICK. LARGE FRAME BLDG IN REAR HAS 1ST & 2ND FLOOR UNITS W/UNFINISHED BASEMENT. PLUS LARGE WORKSHOP IN REAR OF BUILDING COULD BE MADE INTO A GARAGE. NEWER DECK/PORCH/STAIRS. GREAT CONDO CONVERSION or LIVE IN OWNER. FULLY RENTED 4 UNIT, CURRENT LOW MARKET RENTS,WEST BUCKTOWN. AFFORDABLE, NEW CONTRUCTION ALL AROUND,SOME REHABBED, LARGE APTS . GFA -CENTRAL AIR+COIN WASHER+DRYER (Basement) HOT WATER HEATERS, DISHWASHERS IN 2 UNITs, HARDWOOD FLOORS. PRIVATE FRT AND BACK.FENCED YARD WITH ADDITIONAL INCOME OF $400 MONTH for STORAGE AREAS,,POSITIVE CASH FLOW!. APPRECIATING AREA. LIVE-IN,GREAT FOR INVESTOR OR CONVERT TO CONDOS. 2- 2 bedroom, 1 bath rooms and 2-4 bedroom and 2 bath, great space in Bucktown Area, has everything,private entrance , 3 story blds, lots of light, updated, big kitchens,living rm, back yard, new private deck/porch, hardwood

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,I,U
  • Appliances Unit 2A,B,C,D,E,I,U
  • Appliances Unit 3A,B,J
  • Appliances Unit 4A,B,C,D,E,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 8% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 32% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $69,600 Monthly $5,800
Rental Income Stabilized : Annual $84,864 Monthly $7,072
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$899,0004$224,7504.09%12.920.79%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,800$7,072
Year Total$69,600$84,864
Expense
Total$32,812$32,812
Net Operating Income$36,788$52,052
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10878 $30119 $40997 $3417
Total         $10,878 $30,119 $40,997   $-4,209 $10,878 $6,669
Stabilized         $10,878 $30,119 $40,997   $11,055 $10,878 $21,933
Custom         $10878 $30119 $40997   $11055 $10878 $21933




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,2503,4178892,5288892,5283,417
2673,3613,4178922,5251,7805,0546,834
3672,4703,4178952,5222,6767,57510,251
4671,5743,4178992,5183,57410,09413,668
5670,6763,4179022,5154,47612,60917,085
6669,7743,4179052,5125,38215,12020,502
7668,8683,4179092,5086,29017,62923,919
8667,9603,4179122,5057,20320,13327,336
9667,0473,4179162,5018,11822,63530,753
10666,1323,4179192,4989,03725,13334,170
11665,2133,4179222,4959,96027,62737,587
12664,2903,4179262,49110,88530,11941,004
13663,3653,4179292,48811,81532,60644,421

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Listing Agent: Bob Fisher
Listing Office: @properties
113 N. McHenry Road Chicago

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