2 Flat 1437 Thomas West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 1437 Thomas West Town Chicago IL Mu Invest

City: Chicago ZIP: 60642

Built In: 1880

Lot Size: K

Lot Dimensions: 23X90X52X62X125

Lot Description: L

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $2300

Detailed Listing Description

Updated 2 flat in Noble Square/ Wicker Park with a 6 car brick garage! 1st floor was the owner's photography studio and is currently a 1 bed 1 bath with a lofted office. 2nd floor is a sunny 3 bedroom 2 bath, with in unit washer/dryer, wood burning fireplace, and a roof deck. Both units have separate utilities and central air. There is a large unfinished basement. Huge garage has potential for many different uses. The building and attached brick garage are built-out lot line to lot line. Could be an amazing live work space for artist or photographer. Great location, 2 blocks from CTA and 90/94.

Additional Property Details

Garage & Parking
  • Gargage DetailsF,G
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces6
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,E,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,M,R,S,T,U
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 16% more than other 2 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 34% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $27,600 Monthly $2,300
Rental Income Stabilized : Annual $47,544 Monthly $3,962
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,300$3,962
Year Total$27,600$47,544
Net Operating Income$2,553$22,497
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9679 $26799 $36478 $3040
Total         $9,679 $26,799 $36,478   $-33,925 $9,679 $-24,246
Stabilized         $9,679 $26,799 $36,478   $-13,981 $9,679 $-4,302
Custom         $9679 $26799 $36478   $-13981 $9679 $-4302

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Melissa Stanley
Listing Office: Property Consultants Realty
3759 W. Diversey, store Chicago

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