3 Flat 2114 Melrose North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 2114 Melrose North Center Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: U

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1650

Unit 2 Floor 2: 3 bedrooms 2 baths $2450

Unit 3 Floor 3: 4 bedrooms 2 baths $2900

Detailed Listing Description

HEART OF ROSCOE VILLAGE. 2 FLAT WITH OWNERS DUPLEX UP, PLUS 3000 SQ FT 4 BEDROOM, 2 BATH COACHHOUSE. THERE IS 1 CAR GARAGE ATTACHED PLUS 2 EXTRA OUTDOOR SPOTS. FRONT BUILDING PLUS BACK ARE ALL REHABBED. FRONT HAS A BRIGHT OWNERS DUPLEX WITH 3 BED AND 2 BATH. GREAT LAYOUT. THE 2 BED RENTAL HAS CHARACTER AND IS NICE AND BRIGHT. COACHHOUSE IS A LOFT LIKE OPEN FLOOR PLAN WITH 2 HUGE BEDROOMS ON TOP FLOOR, 1 IN MIDDLE AND 1 IN LOWER LEVEL WHICH IS STREET LEVEL. EVERYTHING HAS CENTRAL AIR, LAUNDRY AND SHOWS NICELY. TENANT OCCUPIED SO PLEASE USE SOME IMAGINATION ON HOW YOUR FURNITURE WILL LOOK. FRONT BUILDING HAS A FULL UNFINISHED BASEMENT THAT CAN BE DUPLEXED TO FIRST FLOOR. RIGHT NOW ITS JUST STORAGE.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces1
  • ParkingG,S
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,F,G,H
  • Tenant Pays Unit 2B,C,D,E,F,G,H
  • Tenant Pays Unit 3B,C,D,E,F,G,H
Appliances
  • Appliances Unit 1A,B,C,D,E,I,S
  • Appliances Unit 2A,B,C,D,E,F,I,R,S,T,U
  • Appliances Unit 3A,B,C,D,E,F,I,S,T,U
Schools
  • Grade SchoolAudubon Elementary School
  • Grade School District299
  • Jr High/Middle SchoolAudubon Elementary School
  • 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 121% 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 65% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $84,000 Monthly $7,000
Rental Income Stabilized : Annual $82,020 Monthly $6,835
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,299,9503$433,3174.39%15.480.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,000$6,835
Year Total$84,000$82,020
Expense
Total$26,913$26,913
Net Operating Income$57,087$55,107
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15729 $43552 $59281 $4940
Total         $15,729 $43,552 $59,281   $-2,194 $15,729 $13,535
Stabilized         $15,729 $43,552 $59,281   $-4,174 $15,729 $11,555
Custom         $15729 $43552 $59281   $-4174 $15729 $11555




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1974,9634,9401,2843,6561,2843,6564,940
2973,6794,9401,2893,6512,5737,3079,880
3972,3904,9401,2943,6463,86610,95414,820
4971,0974,9401,2983,6425,16514,59519,760
5969,7984,9401,3033,6376,46818,23224,700
6968,4954,9401,3083,6327,77621,86429,640
7967,1874,9401,3133,6279,08925,49134,580
8965,8744,9401,3183,62210,40729,11339,520
9964,5564,9401,3233,61711,73032,73044,460
10963,2334,9401,3283,61213,05836,34249,400
11961,9054,9401,3333,60714,39139,94954,340
12960,5724,9401,3383,60215,72843,55259,280
13959,2354,9401,3433,59717,07147,14964,220

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Listing Agent: Larry Bernstein
Listing Office: Berkshire Hathaway HomeServices Chicago
1800 n clybourn Chicago

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