4 Flat 1719 Maplewood West Town Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 1719 Maplewood West Town Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor G: 2 bedrooms 2 baths $2300

Unit 2 Floor 1: 2 bedrooms 2 baths $2600

Unit 3 Floor 2: 2 bedrooms 2 baths $2600

Unit 4 Floor 3: 2 bedrooms 2 baths $2800

Gross Income $12,480

Net Op. Income $97,158

Detailed Listing Description

OPPORTUNITY (definition): "Favorable Time." Now is the time to invest in one of the hottest neighborhoods in Chicago where West Bucktown meets Logan Square less than one block to "The 606" (Bloomingdale Trail). This 2016 Gut Renovation of a Classic Greystone Building is a rock-solid investment. Buy & Lease or Buy & Live! LEGAL Four Flat. Each unit features two full bedrooms, two full baths and has been transformed to Luxury Condo QUALITY with today's designer trends. Unit Features: Hardwood Floors, Carrara marble counters, heated bathroom floors, custom mill work, private decks, in unit laundry, great storage, and more! BONUS: Three parking spaces! Equidistant to Restaurant Row on Armitage & Milwaukee Ave. Close to Bucktown/Wicker Park 4 blocks away from CTA Blue Line. This investment generates $125,000 a year in Gross Rent with a Net Operating Income of $97,158. Now is the time. This is the building. What a great opportunity!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,N,P,Q,S,U
  • Appliances Unit 2A,B,C,D,E,F,I,N,P,Q,S,U
  • Appliances Unit 3A,B,C,D,E,F,I,N,P,Q,S,U
  • Appliances Unit 4A,B,C,D,E,F,I,N,P,Q,S,U
Schools
  • 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 45% 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 59% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $123,600 Monthly $10,300
Rental Income Stabilized : Annual $114,936 Monthly $9,578
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,650,0004$412,5005.13%13.350.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$10,300$9,578
Year Total$123,600$114,936
Expense
Total$38,884$38,884
Net Operating Income$84,716$76,052
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $19964 $55280 $75244 $6271
Total         $19,964 $55,280 $75,244   $9,472 $19,964 $29,436
Stabilized         $19,964 $55,280 $75,244   $808 $19,964 $20,772
Custom         $19964 $55280 $75244   $808 $19964 $20772




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,237,5006,2711,6304,6411,6304,6416,271
21,235,8706,2711,6364,6353,2679,27512,542
31,234,2336,2711,6434,6284,90913,90418,813
41,232,5916,2711,6494,6226,55818,52625,084
51,230,9426,2711,6554,6168,21323,14231,355
61,229,2876,2711,6614,6109,87427,75237,626
71,227,6266,2711,6674,60411,54232,35543,897
81,225,9586,2711,6744,59713,21536,95350,168
91,224,2856,2711,6804,59114,89541,54456,439
101,222,6056,2711,6864,58516,58246,12862,710
111,220,9186,2711,6934,57818,27450,70768,981
121,219,2266,2711,6994,57219,97355,27975,252
131,217,5276,2711,7054,56621,67859,84581,523

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Listing Agent: Steve McEwen
Listing Office: @properties
1211 W. Haven Drive Arlington Heights

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