3 Flat 2327 Belmont North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 2327 Belmont North Center Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: 1895

Lot Size: A

Lot Dimensions: 25X85

Lot Description: L

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Unit 3 Floor 3: 2 bedrooms 1 baths $1200

Gross Income $43,200

Net Op. Income $31,200

Detailed Listing Description

Great opportunity to acquire a 3 unit investment property located within the North Center / Roscoe Village neighborhoods. Fronting along Belmont avenue with C1-1 zoning "As of Right". Superb rental market in proximity to Wrigley Field and plentiful food & beverage options. Property is fully occupied, showings can be scheduled with advanced notice by calling listing broker at 3127099527.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipN
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
  • Appliances Unit 3A,B,C,D,E
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 19% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $43,200 Monthly $3,600
Rental Income Stabilized : Annual $55,032 Monthly $4,586
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$700,0003$233,3332.97%16.200.66%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,600$4,586
Year Total$43,200$55,032
Expense
Total$22,425$22,425
Net Operating Income$20,775$32,607
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8470 $23452 $31922 $2661
Total         $8,470 $23,452 $31,922   $-11,147 $8,470 $-2,677
Stabilized         $8,470 $23,452 $31,922   $685 $8,470 $9,155
Custom         $8470 $23452 $31922   $685 $8470 $9155




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1525,0002,6616921,9696921,9692,661
2524,3082,6616951,9661,3873,9355,322
3523,6132,6616971,9642,0855,8987,983
4522,9152,6617001,9612,7857,85910,644
5522,2152,6617031,9583,4879,81813,305
6521,5132,6617051,9564,19311,77315,966
7520,8072,6617081,9534,90113,72618,627
8520,0992,6617111,9505,61115,67721,288
9519,3892,6617131,9486,32517,62423,949
10518,6752,6617161,9457,04019,57026,610
11517,9602,6617191,9427,75921,51229,271
12517,2412,6617211,9408,48023,45231,932
13516,5202,6617241,9379,20525,38834,593

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Listing Agent: Choudhry Muzaffar
Listing Office: Coldwell Banker Residential
718 Meadow Dr Des Plaines

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