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2 Flat 2427 Cullom Chi North Center Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1904

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1545

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

Legal 2 flat in Lincoln Square/North Center area. Acclaimed Waters School district. Building has brand new roof, gutters, all new blue siding w/ white trim, all new landscaping, and brand new 2 car garage. Collect rent on the first floor and live in a great duplex up owners unit!!! Light filled Duplex up rehabbed unit with 2 bedrooms on the first floor with large family room and over sized eat in kitchen. Second floor has second large family room with new master bath and master bedroom. Tons of in unit storage and good master closets. Owners unit has washer and dryer hook ups. 1st floor unit currently rented for 1545 thru April. Two bedrooms and one full bath. Kitchen and full bath have been recently Renovated. Full basement with washer/dryer and finished lower level office space. Basement is only 1 foot under ground - great light and perfect for a homes office, gym or spare room for guests. 25 x 125 lot on pristine one way street flowing into western (no western ave traffic).

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s), 7 Foot or more high garage door,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Garage/Space, Laundry Hook-Up, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors,
Schools
  • Grade SchoolWATERS ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolWATERS ELEMENTARY SCHOOL
  • 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 30% more than other 2 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 4% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $18,540 Monthly $1,545
Rental Income Stabilized : Annual $47,220 Monthly $3,935
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0002$312,5000.72%33.710.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,545$3,935
Year Total$18,540$47,220
Expense
Total$14,064$14,064
Net Operating Income$4,476$33,156
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $-24,027 $7,563 $-16,464
Stabilized         $7,563 $20,940 $28,503   $4,653 $7,563 $12,216
Custom         $7563 $20940 $28503   $4653 $7563 $12216




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Sophia Klopas
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
1746 N. Wilmot Chicago

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