4 Flat 6341 Belmont Belmont Cragin Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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4 Flat 6341 Belmont Belmont Cragin Chicago IL Mu

City: Chicago ZIP: 60634

Built In: 1965

Lot Size: K

Lot Dimensions: 25 X 128

# of Units: 4

Unit 1 Floor 2: 1 bedrooms 1 baths $750

Unit 2 Floor 2: 1 bedrooms 1 baths $950

Unit 3 Floor 2: 1 bedrooms 1 baths $800

Unit 4 Floor 1: 0 bedrooms 1 baths $1500

Detailed Listing Description

Amazing Opportunity to Own a Large 4 Unit Building with Commercial Space; 3 Residential Units in Great Condition, Easy to Rent + a Storefront Also Currently Rented. A Must See, Great Cash Flow in Fantastic/Stable Northwest Side Location. $3,685 on Monthly Rental Income that can still be Improved!

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Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • 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
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 26% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Belmont Cragin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $296,819 to $323,553
This listing is 12% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $48,000 Monthly $4,000
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$390,0004$97,5006.30%8.131.03%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$4,000
Year Total$48,000$48,000
Expense
Total$23,418$23,418
Net Operating Income$24,582$24,582
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4719 $13066 $17785 $1483
Total         $4,719 $13,066 $17,785   $6,797 $4,719 $11,516
Stabilized         $4,719 $13,066 $17,785   $6,797 $4,719 $11,516
Custom         $4719 $13066 $17785   $6797 $4719 $11516




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1292,5001,4833861,0973861,0971,483
2292,1141,4833881,0957742,1922,966
3291,7261,4833891,0941,1633,2864,449
4291,3371,4833901,0931,5534,3795,932
5290,9471,4833921,0911,9455,4707,415
6290,5551,4833931,0902,3396,5598,898
7290,1611,4833951,0882,7337,64810,381
8289,7671,4833961,0873,1308,73411,864
9289,3701,4833981,0853,5289,81913,347
10288,9721,4833991,0843,92710,90314,830
11288,5731,4834011,0824,32811,98516,313
12288,1721,4834021,0814,73013,06617,796
13287,7701,4834041,0795,13414,14519,279

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