3 Flat 1729 Artesian West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 1729 Artesian West Town Chicago IL Mu Inve

City: Chicago ZIP: 60647

Built In: 2020

Lot Size: A

Lot Dimensions: 24X124

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $4250

Unit 2 Floor 2: 2 bedrooms 2 baths $3250

Unit 3 Floor 3: 2 bedrooms 2 baths $4000

Detailed Listing Description

This is a one life-time opportunity!!! New construction four level of living space, 3 unit condominium building with secured parking is sold as 3 flat, duplex down 3 brm., 2.5 bath., second floor simplex 2 brm., 2 bath, and the penthouse 2 brm., 2 bath., with private roof top deck. The benefits are endless: live in one and rent out the other two, take advantage of the lowest interest rates ever, projected rental prices are included in the listing details. Save on real estate tax, as a multi unit building will be taxed lower than condominiums separately. Convert into condominiums and then sell them separately and make a great profit, check out the resent sale prices of the new construction condos along the trail 606. Or just smartly invest money Into the rental 3 unit new construction building, collect rent and do nothing!!! The finished condo from the previous project is still available for viewing.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B,C,D,E,F,G,I,S,X
  • Appliances Unit 2A,B,C,D,E,F,G,S,X
  • Appliances Unit 3A,B,C,D,E,F,G,X
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 222% more than other 3 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 128% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $138,000 Monthly $11,500
Rental Income Stabilized : Annual $92,784 Monthly $7,732
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$11,500$7,732
Year Total$138,000$92,784
Net Operating Income$120,513$75,297
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $24138 $66838 $90976 $7582
Total         $24,138 $66,838 $90,976   $29,537 $24,138 $53,675
Stabilized         $24,138 $66,838 $90,976   $-15,679 $24,138 $8,459
Custom         $24138 $66838 $90976   $-15679 $24138 $8459

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Konstantin Shelegeda
Listing Office: Inter Properties Inc
2225 W. Madison, Unit 4 Chicago

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