4 Flat 2553 Walton West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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4 Flat 2553 Walton West Town Chicago IL Mu Invest

City: Chicago ZIP: 60622

Built In: 1905

Lot Size: A

Lot Dimensions: 38 X 125

Lot Description: H

# of Units: 4

Unit 1 Floor G: 0 bedrooms 1 baths $1300

Unit 2 Floor 1: 3 bedrooms 1 baths $1500

Unit 3 Floor 2: 3 bedrooms 1 baths $1500

Unit 4 Floor 3: 3 bedrooms 1 baths $1500

Net Op. Income $9,274

Detailed Listing Description

Amazing opportunity to invest in this legal 4-unit Greystone building on an extra wide lot in the heart of Ukrainian Village! The beautiful building is ready for a new owner with new ideas. Update and rent out for max return OR update and sell as individual condos: The sky is the limit on this wonderfully located property. Just a few minutes from restaurants, trendy shopping and downtown Chicago. Units are currently rented with long-term, month-to-month tenants. Sold 'as-is'. Easy to show! Motivated seller, bring offers!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3B
  • Tenant Pays Unit 4B
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4O
  • 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 10% 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 16% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $69,600 Monthly $5,800
Rental Income Stabilized : Annual $87,180 Monthly $7,265
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,800$7,265
Year Total$69,600$87,180
Net Operating Income$40,396$57,976
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10586 $29312 $39898 $3325
Total         $10,586 $29,312 $39,898   $498 $10,586 $11,084
Stabilized         $10,586 $29,312 $39,898   $18,078 $10,586 $28,664
Custom         $10586 $29312 $39898   $18078 $10586 $28664

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Francisco Perez
Listing Office: Coldwell Banker Residential Brokerage
6441 W Pershing Rd, Apt #106 Stickney

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