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Price: $645,500

MLS #: 10671319

Status: Active

4 Flat 8237 KILpatrick Skokie IL Mu Investment

City: Skokie ZIP: 60076

Built In: 1950

Lot Size: A

Lot Dimensions: 122' X 45'

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $1300

Unit 3 Floor 1: 2 bedrooms 1 baths $850

Unit 4 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $54,600

Investors
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Detailed Listing Description

Beautiful 4 unit building in the heart of beautiful Skokie! Spacious units with natural wood flooring and featuring newer Kitchens in all 4 apts! Enclosed porch rooms in each unit that can serve as office or a den, central air conditioning for each apartment. Newly decorated hallways, carpeting and mail boxes. Well maintained and Just reinspected and silver painted roof! Well maintained building. The building is truly beautiful and will be a money maker for its next owner! Walking Distance to Skokie Swift Line, Busses and Downtown Skokie! Minutes from Old Orchard, and I94!

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Property Details

Additional Property Details

Garage & Parking

ParkingS
Number of Parking Spaces4
Parking on SiteY
Parking OwnershipA
Parking Fee/Lease Amount0

Utilities

Tenant Pays Unit 1B,D
Tenant Pays Unit 2B,D
Tenant Pays Unit 3B,D
Tenant Pays Unit 4B,D

Appliances

Appliances Unit 1A,B
Appliances Unit 2A,B
Appliances Unit 3A,B
Appliances Unit 4A,B

Schools

Grade School District69
Jr High/Middle School District69
High School District219

Comparative Data

Zip Code Comparison: 60076

Listings in this Zip Code average: 3 to 4 units, and are priced at $529,450 to $533,271
This listing is 21% more than other 4 unit listings in this zipcode.

Investors

Calculated Rents
Rental Income : Annual $54,600 Monthly $4,550
Rental Income Stabilized : Annual $65,016 Monthly $5,418

Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized

$645,5004$161,3754.22%11.820.84%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 2 Baths 1 Floor 1Tenant Pays:B,D

Unit 2 :: Beds 2 Baths 1 Floor 2Tenant Pays:B,D

Unit 3 :: Beds 2 Baths 1 Floor 1Tenant Pays:B,D

Unit 4 :: Beds 2 Baths 1 Floor 2Tenant Pays:B,D

Monthly Total$4,550$5,418

Year Total$54,600$65,016

Expense

Total$27,332$27,332

Net Operating Income$27,268$37,684

Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return

Down

Mortgage $7811 $21626 $29437 $2453

Total $7,811 $21,626 $29,437 $-2,169 $7,811 $5,642

Stabilized $7,811 $21,626 $29,437 $8,247 $7,811 $16,058

Custom $7811 $21626 $29437 $8247 $7811 $16058

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	484,125	2,453	638	1,815	638	1,815	2,453
2	483,487	2,453	640	1,813	1,277	3,629	4,906
3	482,848	2,453	642	1,811	1,920	5,439	7,359
4	482,205	2,453	645	1,808	2,565	7,247	9,812
5	481,560	2,453	647	1,806	3,212	9,053	12,265
6	480,913	2,453	650	1,803	3,861	10,857	14,718
7	480,264	2,453	652	1,801	4,513	12,658	17,171
8	479,612	2,453	654	1,799	5,168	14,456	19,624
9	478,957	2,453	657	1,796	5,825	16,252	22,077
10	478,300	2,453	659	1,794	6,484	18,046	24,530
11	477,641	2,453	662	1,791	7,146	19,837	26,983
12	476,979	2,453	664	1,789	7,810	21,626	29,436
13	476,315	2,453	667	1,786	8,477	23,412	31,889

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Listing Agent: Boris Oberman
Listing Office: Realty Advisors Elite LLC
1560 McCraren St. Highland Park

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