4 Flat 1214 Damen West Town Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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4 Flat 1214 Damen West Town Chicago IL Mu Investm

City: Chicago ZIP: 60622

Built In: 1892

Lot Size: L

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor G: 1 bedrooms 1 baths $1310

Unit 2 Floor 1: 3 bedrooms 1 baths $2500

Unit 3 Floor 2: 3 bedrooms 1 baths $2165

Unit 4 Floor 3: 4 bedrooms 2 baths $3400

Net Op. Income $12,092

Detailed Listing Description

4 unit building + Billboard in Wicker Park neighborhood, Chicago, IL. Rarely available building with incredible location. Building has massive units that have been rehabbed and updated. Billboard lease is 10 years with increases. Reliable income in one of Chicago's finest neighborhoods.

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
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,I,X
  • Appliances Unit 2A,B,E,F,I,K,Q,S
  • Appliances Unit 3A,B,E,F,I,K,S
  • Appliances Unit 4A,B,C,D,E,F,G,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 74% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 64% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $112,500 Monthly $9,375
Rental Income Stabilized : Annual $100,896 Monthly $8,408
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,695,0004$423,7504.46%15.070.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,375$8,408
Year Total$112,500$100,896
Expense
Total$36,871$36,871
Net Operating Income$75,629$64,025
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $20509 $56787 $77296 $6442
Total         $20,509 $56,787 $77,296   $-1,667 $20,509 $18,842
Stabilized         $20,509 $56,787 $77,296   $-13,271 $20,509 $7,238
Custom         $20509 $56787 $77296   $-13271 $20509 $7238




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,271,2506,4421,6754,7671,6754,7676,442
21,269,5756,4421,6814,7613,3569,52812,884
31,267,8946,4421,6874,7555,04314,28319,326
41,266,2076,4421,6944,7486,73719,03125,768
51,264,5136,4421,7004,7428,43723,77332,210
61,262,8136,4421,7064,73610,14428,50838,652
71,261,1066,4421,7134,72911,85633,23845,094
81,259,3946,4421,7194,72313,57637,96051,536
91,257,6746,4421,7264,71615,30142,67757,978
101,255,9496,4421,7324,71017,03447,38664,420
111,254,2166,4421,7394,70318,77252,09070,862
121,252,4786,4421,7454,69720,51756,78777,304
131,250,7336,4421,7524,69022,26961,47783,746

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Listing Agent: Maria Kujawa
Listing Office: GO TO REALTY, INC
MT. PROSPECT

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