2 Flat 3737 Oakley North Center Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 3737 Oakley North Center Chicago IL Mu Inv

City: Chicago ZIP: 60618

Built In: 1911

Lot Size: K

Lot Dimensions: 30'X125'

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $NA

Unit 2 Floor 2: 3 bedrooms 1 baths $NA

Detailed Listing Description

Great opportunity in North Center! Occupied by the same family for over 90 years, this Classic Chicago building is perfect for conversion to SFH, investment or new construction. Located directly across the street from Bell School on a 30' lot, Zoned RS-3. Both apartments are three bedroom one bath. Upper unit has enclosed back porch. Many vintage features remain. One window AC unit on top floor. Updates 2010-2012 included vinyl siding and new windows on the rear of the home with a new back door; New garage roof, service door and overhead garage door. Wood siding painted. Tuckpointed upper level South side of the building; 2nd floor apt: New kitchen cabinets and tile floor; New sink, toilet and tile in bathroom tub and floor. Survey in additional information. Family selling "as is" ----lease back for two months is needed.

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Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Grade SchoolBell Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • 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 46% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 7% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $51,012 Monthly $4,251
Rental Income Stabilized : Annual $42,768 Monthly $3,564
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,251$3,564
Year Total$51,012$42,768
Net Operating Income$40,389$32,145
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8470 $23452 $31922 $2661
Total         $8,470 $23,452 $31,922   $8,467 $8,470 $16,937
Stabilized         $8,470 $23,452 $31,922   $223 $8,470 $8,693
Custom         $8470 $23452 $31922   $223 $8470 $8693

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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