3 Flat 1019 Newport Lake View Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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3 Flat 1019 Newport Lake View Chicago IL Mu Inves

City: Chicago ZIP: 60657

Built In: 1886

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1700

Unit 2 Floor 2: 2 bedrooms 1 baths $1800

Unit 3 Floor 3: 3 bedrooms 1 baths $2450

Gross Income $71,400

Detailed Listing Description

Prime Wrigleyville 3-flat with $71K of gross annual income. Rare owner's duplex up featuring a spacious private deck, restaurant quality range, in-unit laundry & custom lighting. All units are large and include hardwood floors throughout. Each unit has central/forced air, separate water heaters and tenants pay all utilities. Great location just steps from everything that Wrigleyville has to offer: CTA, Bars & Restaurants, and the Southport Corridor. Steady area rents and low vacancy will make this building an outstanding addition to your portfolio!

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
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B,E,I,S
  • Appliances Unit 2A,B,E,I,S
  • Appliances Unit 3A,B,C,D,E,I,N,S
  • Grade SchoolNettelhorst Elementary School
  • Grade School District299
  • Jr High/Middle SchoolNettelhorst Elementary School
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • 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 18% 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 14% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $71,400 Monthly $5,950
Rental Income Stabilized : Annual $70,356 Monthly $5,863
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,950$5,863
Year Total$71,400$70,356
Net Operating Income$43,947$42,903
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10768 $29814 $40582 $3382
Total         $10,768 $29,814 $40,582   $3,365 $10,768 $14,133
Stabilized         $10,768 $29,814 $40,582   $2,321 $10,768 $13,089
Custom         $10768 $29814 $40582   $2321 $10768 $13089

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ryan McKane
Listing Office: Redfin Corporation
948 W. Cuyler, Apt. 303 Chicago

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