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3 Flat 1545 Roscoe Lake View Chicago IL Mu Invest

City: Chicago ZIP: 60657

Built In: 1920

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: E,H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 2 bedrooms 1 baths $1800

Unit 3 Floor 3: 3 bedrooms 2 baths $2200

Gross Income $64,299

Detailed Listing Description

Attention Condo Developers. Highest & Best Use, obtain RT-4 Zoning to build 3 condos. Many properties on block have been Zoned to RT-4. Seller willing to wait while buyer up zones from RT-3.5. 3,105 sf lot on alley, clear view west on bank parking lot. Or rehab as three rental units. Hot Neighborhood.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 40% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 37% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $60,000 Monthly $5,000
Rental Income Stabilized : Annual $81,096 Monthly $6,758
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$650,0003$216,6675.02%10.831.04%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,000$6,758
Year Total$60,000$81,096
Expense
Total$27,397$27,397
Net Operating Income$32,603$53,699
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7865 $21777 $29642 $2471
Total         $7,865 $21,777 $29,642   $2,961 $7,865 $10,826
Stabilized         $7,865 $21,777 $29,642   $24,057 $7,865 $31,922
Custom         $7865 $21777 $29642   $24057 $7865 $31922




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,5002,4716431,8286431,8282,471
2486,8572,4716451,8261,2883,6544,942
3486,2122,4716481,8231,9365,4777,413
4485,5642,4716501,8212,5867,2989,884
5484,9142,4716531,8183,2399,11612,355
6484,2612,4716551,8163,89410,93214,826
7483,6062,4716571,8144,55112,74617,297
8482,9492,4716601,8115,21114,55719,768
9482,2892,4716621,8095,87316,36622,239
10481,6272,4716651,8066,53818,17224,710
11480,9622,4716671,8047,20619,97527,181
12480,2942,4716701,8017,87621,77629,652
13479,6242,4716721,7998,54823,57532,123

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Listing Agent: William Finkler
Listing Office: Finkler Properties & Realty
3601 N. Wolcott Chicago

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