1437 north cleaver st...cleaver st chicago, il pricing and financial analysis offeringsummary price...
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WICKER PARK OFFERING
SIX-UNITALL 2 BED/1 BATH
1437 North Cleaver St
CHICAGO, IL
PRICING AND FINANCIAL ANALYSIS
ANNUALIZED OPERATING FINANCIALS PRO FORMA FINANCIALS
Scheduled Gross Income$131,160 $153,000
Less Vacancy Reserve($3,935) 3% * ($4,590) 3% *
Gross Operating Income$127,225 $148,410
Less Expenses($31,248) 24% * ($33,457) 23% *
Net Operation Income$95,977 $114,953
Less Loan Payments
(Proposed Financing) ($57,672) ($59,749)
Cash Flow$38,304 12.3% ** $55,204 17.1% **
Plus Principal Reduction$14,547 $15,071
Total Return Before Taxes $52,852 16.9% ** $70,275 21.7% ***As a Percentage of Scheduled GrossIncome**As a Percentage of DownPayment
FINANCIAL OVERVIEW:
DEMOGRAPHIC REPORT:DEMOGRAPHIC 1 MILE 3 MILES
Total Population 46,101 564,449
2024 Total Population 48,256 499,871
Average HH Income $136,274 $118,622
Employees 34,923 856,450
Median Household Income $108,539 $89,482
DEMOGRAPHIC REPORT:
TRANSIT/SUBWAY DRIVE WALK DISTANCE
Division Station (Blue Line) 2 min 10 min .5 miles
Damen Station (Blue Line) 3 min 19 min .9 miles
COMMUTER RAIL DRIVE DISTANCE
Clybourn Station Commuter Rail (Union Pacific North, Union Pacific Northwest Lines)
3 min 1.0 miles
Western Avenue Station (MD-N/MD-W/NCS) Commuter Rail (North Central Service, Milwaukee District North Line, Milwaukee District West Line)
6 min 2.6 miles
AIRPORT DRIVE DISTANCE
Chicago Midway International Airport 20 min 10.9 miles
Chicago O’Hare International Airport 24 min 15.2 miles