4 Flat 1458 Chestnut West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 1458 Chestnut West Town Chicago IL Mu Inve

City: Chicago ZIP: 60642

Built In: 1875

Lot Size: A

Lot Dimensions: 23 X 129

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1040

Unit 2 Floor 2: 3 bedrooms 1 baths $1750

Unit 3 Floor 3: 3 bedrooms 1 baths $1800

Unit 4 Floor 2: 2 bedrooms 1 baths $1070

Gross Income $67,920

Net Op. Income $45,434

Detailed Listing Description

Calling ALL INVESTORS & DEVELOPERS! New City Zoning for ADU's! 3 Unit Building with 2 Unit Coach House! TONS of Square Footage! Nestled on a Block with LUXURY, NEW CONSTRUCTION CONDOS! HOT NOBLE SQUARE with Appreciation Potential. Could be 4 or 5 Unit Building. SERIOUS OFFERS/BUYERS ONLY! Extra Deep Lot lot with Front Building and Coach House. Flexible Investor & Owner Occupant Opportunities: Keep as a Cash Cow, Outstanding AirBNB Potential. Turn into Duplex up or down Units. Make into Single Family with Income Producing Coach House. Owner Occupy and Live for Free! Condo Conversion Potential. Perfect Value Add Opportunity. Outstanding Location: Minutes to West Loop, Buck Town, Wicker Park, West Loop, Ukrainian Village & Loop. Quickly Appreciated Neighborhood! AS-IS SALE. Property has City Violations & Needs Extensive Work.

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Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D,I
  • Tenant Pays Unit 2B,D,I
  • Tenant Pays Unit 3B,D,I
  • Tenant Pays Unit 4B,D,I
Appliances
  • Appliances Unit 1S
  • Appliances Unit 2S
  • Appliances Unit 3S
  • Appliances Unit 4S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
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 33% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $67,920 Monthly $5,660
Rental Income Stabilized : Annual $84,192 Monthly $7,016
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0004$174,7504.88%10.291.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,660$7,016
Year Total$67,920$84,192
Expense
Total$33,824$33,824
Net Operating Income$34,096$50,368
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $2,219 $8,458 $10,677
Stabilized         $8,458 $23,419 $31,877   $18,491 $8,458 $26,949
Custom         $8458 $23419 $31877   $18491 $8458 $26949




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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