4 Flat 4556 Bernard Albany Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 4556 Bernard Albany Park Chicago IL Mu Inv

City: Chicago ZIP: 60625

Built In: 1906

Lot Size: A

Lot Dimensions: 35 X 125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $0

Unit 4 Floor 4: 2 bedrooms 1 baths $0

Detailed Listing Description

Newly Rehabbed - Spacious 4 unit property! All of the units Brand New Stainless Kitchen and Bathrooms, New Central Air, New Water Heaters, Newly painted!! sprawling hardwood floors. Excellent Turnkey property in an up and coming neighborhood with upside potential! Potential for owner occupying. Full Attic and Basement to utilize in the future. Unique property with front building containing 2 traditional units and 2 Huge individual Brick Coachhouses. Oversized corner lot.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • 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,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
  • Appliances Unit 3A,B,E,F,I
  • Appliances Unit 4A,B,E,F,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 13% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 4% more than other 4 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $40,454 Monthly $3,371
Rental Income Stabilized : Annual $50,568 Monthly $4,214
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,0004$162,2502.13%16.040.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,371$4,214
Year Total$40,454$50,568
Expense
Total$26,633$26,633
Net Operating Income$13,821$23,935
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7853 $21744 $29597 $2467
Total         $7,853 $21,744 $29,597   $-15,776 $7,853 $-7,923
Stabilized         $7,853 $21,744 $29,597   $-5,662 $7,853 $2,191
Custom         $7853 $21744 $29597   $-5662 $7853 $2191




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1486,7502,4676421,8256421,8252,467
2486,1082,4676441,8231,2863,6484,934
3485,4642,4676471,8201,9325,4697,401
4484,8182,4676491,8182,5817,2879,868
5484,1692,4676511,8163,2339,10212,335
6483,5172,4676541,8133,88610,91614,802
7482,8642,4676561,8114,54312,72617,269
8482,2072,4676591,8085,20114,53519,736
9481,5492,4676611,8065,86316,34022,203
10480,8872,4676641,8036,52618,14424,670
11480,2242,4676661,8017,19219,94527,137
12479,5582,4676691,7987,86121,74329,604
13478,8892,4676711,7968,53223,53932,071

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Listing Agent: Roman Serra
Listing Office: Spaces Real Estate LLC
3223 N Sheffield Chicago

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