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4 Flat 2919 Seeley Chi North Center Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1906

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $1250

Unit 3 Floor 1: 1 bedrooms 1 baths $1000

Unit 4 Floor 2: 1 bedrooms 1 baths $850

Detailed Listing Description

Huge 4 unit building with two 2 bed 1 bath units in the front and a Coach house consisting of two 1BD/1BTH units in the rear . Good size bedrooms, separate living and dining rooms, central heat and all separate utilities. . Shared patio and 2 parking pads for extra income. Rents are significantly below market. We have special financing available for as low as 5% down. We have also put together a contractors bid for duplexing the front top unit into the huge unfinished attic to make an owners unit. Great potential in this building.

Contact Listing Agent

Weston Harding

Weston Harding

President & Managing Broker

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Tenant Pays Unit 4Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • Appliances Unit 4Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 11% more than other 4 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 25% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,600 Monthly $4,300
Rental Income Stabilized : Annual $63,888 Monthly $5,324
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$724,9004$181,2254.51%14.050.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,300$5,324
Year Total$51,600$63,888
Expense
Total$18,916$18,916
Net Operating Income$32,684$44,972
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8771 $24286 $33057 $2755
Total         $8,771 $24,286 $33,057   $-373 $8,771 $8,398
Stabilized         $8,771 $24,286 $33,057   $11,915 $8,771 $20,686
Custom         $8771 $24286 $33057   $11915 $8771 $20686




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1543,6752,7557162,0397162,0392,755
2542,9592,7557192,0361,4354,0755,510
3542,2402,7557222,0332,1576,1088,265
4541,5182,7557242,0312,8818,13911,020
5540,7942,7557272,0283,60810,16713,775
6540,0672,7557302,0254,33812,19216,530
7539,3372,7557322,0235,07014,21519,285
8538,6052,7557352,0205,80616,23422,040
9537,8692,7557382,0176,54418,25124,795
10537,1312,7557412,0147,28420,26627,550
11536,3912,7557442,0118,02822,27730,305
12535,6472,7557462,0098,77424,28633,060
13534,9012,7557492,0069,52326,29235,815

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