3 Flat 7953 Essex South Chicago Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 7953 Essex South Chicago Chicago IL Mu Inv

City: Chicago ZIP: 60617

Built In: 1930

Lot Size: A

Lot Dimensions: LESS THAN 0.25 ACRE

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $900

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Gross Income $900

Detailed Listing Description

SOLID INCOME GENERATING PROPERTY IN SOUTH SHORE NEIGHBORHOOD. 1st FLOOR RENTED 2ND FLOOR VACANT GREAT SHAPE 3RD FLOOR UNIT NEED COSMETIC TOUCHES. 1 BEDROOM BASEMENT APT AS WELL. PRICED TO SELL.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60617

Listings in this Zip Code average: 2 to 3 units, and are priced at $98,662 to $161,586
This listing is 67% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Chicago

Listings in this Neighborhood average: 3 to 4 units, with average prices of $165,580 to $134,778
This listing is 63% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $21,000 Monthly $1,750
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$270,0003$90,000-2.25%25.000.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$1,750
Year Total$10,800$21,000
Expense
Total$16,883$16,883
Net Operating Income$-6,083$4,117
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3267 $9046 $12313 $1027
Total         $3,267 $9,046 $12,313   $-18,396 $3,267 $-15,129
Stabilized         $3,267 $9,046 $12,313   $-8,196 $3,267 $-4,929
Custom         $3267 $9046 $12313   $-8196 $3267 $-4929




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1202,5001,0272687592687591,027
2202,2321,0272697585361,5182,054
3201,9641,0272707578062,2753,081
4201,6941,0272717561,0773,0314,108
5201,4231,0272727551,3483,7875,135
6201,1521,0272737541,6214,5416,162
7200,8791,0272747531,8955,2947,189
8200,6051,0272757522,1696,0478,216
9200,3311,0272767512,4456,7989,243
10200,0551,0272777502,7227,54810,270
11199,7781,0272787493,0008,29711,297
12199,5001,0272797483,2799,04512,324
13199,2211,0272807473,5589,79313,351

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Listing Agent: Kenneth Baylock
Listing Office: Worth Clark Realty
3609 S. Indiana Chicago

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