3 Flat 3505 Montrose Irving Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 3505 Montrose Irving Park Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: 1910

Lot Size: K

Lot Dimensions: 30X125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 1 baths $OWN

Unit 3 Floor 5: 3 bedrooms 1 baths $900

Detailed Listing Description

LOCATION, LOCATION LOCATION GREAT BUILDING IN THE IRVING PARK NEIGHBORHOOD, YOU HAVE THE CTA STOP RIGHT IN FRONT AND ITS MINUTES AWAY FROM THE KENNEDY EXPRESSWAY. THIS BUILDING OFFERS 4 FINISHED LEVELS, THE BASEMENT CONSIST OF SUMMER KITCHEN, LIVING ROOM FULL BATH AND 3 BEDROOMS. THE 1ST & SECOND FLOOR HAS A LIVINGS ROOM, DINING ROOM, EAT IN KITCHEN, 3 GOOD SIZE BEDROOM AND A FULL BATH. THE ATTIC UNIT HAS A FULL BATH KITCHEN, LIVING ROOM AND 3 BEDROOMS. THE OWNER HAD A TEAR OFF ROOF PUT IN AROUND 3 YRS AGO,. THE 3 FURNACES HAVE BEEN REPLACED IN THE LAST 10 YRS, IT ALSO HAS NEWER WINDOWS AND SIDING. THE OWNER PAINTED FRONT OF THE BUILDING BLUE. THERE IS ALSO A 2.5 CAR GARAGE AS WELL THERE IS A ROUGH IRON FENCE IN THE FRONT OF THE BUILDING. BRING THOSE BUYERS OUT THEY WILL NOT BE DISAPPOINTED...!!!!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,F
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A,B,C
  • Tenant Pays Unit 2A,B,C
  • Tenant Pays Unit 3I
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 18% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 5% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $53,568 Monthly $4,464
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$479,9003$159,9671.13%18.180.93%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$4,464
Year Total$26,400$53,568
Expense
Total$20,980$20,980
Net Operating Income$5,420$32,588
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5807 $16078 $21885 $1824
Total         $5,807 $16,078 $21,885   $-16,465 $5,807 $-10,658
Stabilized         $5,807 $16,078 $21,885   $10,703 $5,807 $16,510
Custom         $5807 $16078 $21885   $10703 $5807 $16510




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1359,9251,8244741,3504741,3501,824
2359,4511,8244761,3489502,6983,648
3358,9751,8244781,3461,4284,0445,472
4358,4971,8244801,3441,9085,3887,296
5358,0171,8244811,3432,3896,7319,120
6357,5361,8244831,3412,8728,07210,944
7357,0531,8244851,3393,3589,41012,768
8356,5671,8244871,3373,84410,74814,592
9356,0811,8244891,3354,33312,08316,416
10355,5921,8244911,3334,82413,41618,240
11355,1011,8244921,3325,31614,74820,064
12354,6091,8244941,3305,81016,07821,888
13354,1151,8244961,3286,30617,40623,712

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Listing Agent: Zeferino Martinez
Listing Office: RE/MAX 10
11643 Brookhill Drive Orland Park

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