3 Flat 2251 Melrose North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 2251 Melrose North Center Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: U

Lot Size: L

Lot Dimensions: 24X126

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1100

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Unit 3 Floor 3: 2 bedrooms 2 baths $1750

Detailed Listing Description

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Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,E,F,I
  • Appliances Unit 2A,B,E,F,I
  • Appliances Unit 3A,B,C,D,E,F,I
Schools
  • Grade SchoolAudubon 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 9% more than other 3 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 19% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,600 Monthly $4,050
Rental Income Stabilized : Annual $59,892 Monthly $4,991
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$639,0003$213,0003.48%13.150.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,050$4,991
Year Total$48,600$59,892
Expense
Total$26,335$26,335
Net Operating Income$22,265$33,557
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7732 $21409 $29141 $2429
Total         $7,732 $21,409 $29,141   $-6,876 $7,732 $856
Stabilized         $7,732 $21,409 $29,141   $4,416 $7,732 $12,148
Custom         $7732 $21409 $29141   $4416 $7732 $12148




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1479,2502,4296321,7976321,7972,429
2478,6182,4296341,7951,2663,5924,858
3477,9842,4296371,7921,9035,3847,287
4477,3472,4296391,7902,5427,1749,716
5476,7082,4296411,7883,1838,96212,145
6476,0672,4296441,7853,82710,74714,574
7475,4232,4296461,7834,47312,53017,003
8474,7772,4296491,7805,12114,31119,432
9474,1292,4296511,7785,77216,08921,861
10473,4782,4296531,7766,42617,86424,290
11472,8242,4296561,7737,08219,63726,719
12472,1682,4296581,7717,74021,40829,148
13471,5102,4296611,7688,40123,17631,577

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