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2 Flat 3619 Leavitt Chi North Center Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X124

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1950

Unit 2 Floor 2: 3 bedrooms 1 baths $VAC

Gross Income $2,100

Detailed Listing Description

Excellent Location on Gorgeous Block. Solid Brick 2 flat generating good income. 1st floor 2 beds & 1 bath. 2nd floor 3 beds & 1 bath. Hardwood throughout both units. Formal Living/Dining Rooms. Shared laundry and storage in basement. Keep as investment, convert to SFH. Many opportunities. 25x124 lot. Property is surrounded by NEW construction & Million Dollar homes.

Additional Property Details

Garage & Parking
  • 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,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher,
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 35% 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 0% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,240 Monthly $3,270
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,0002$324,5003.38%16.540.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,270$3,144
Year Total$39,240$37,728
Expense
Total$17,284$17,284
Net Operating Income$21,956$20,444
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7853 $21744 $29597 $2467
Total         $7,853 $21,744 $29,597   $-7,641 $7,853 $212
Stabilized         $7,853 $21,744 $29,597   $-9,153 $7,853 $-1,300
Custom         $7853 $21744 $29597   $-9153 $7853 $-1300




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1486,7502,4676421,8256421,8252,467
2486,1082,4676441,8231,2863,6484,934
3485,4642,4676471,8201,9325,4697,401
4484,8182,4676491,8182,5817,2879,868
5484,1692,4676511,8163,2339,10212,335
6483,5172,4676541,8133,88610,91614,802
7482,8642,4676561,8114,54312,72617,269
8482,2072,4676591,8085,20114,53519,736
9481,5492,4676611,8065,86316,34022,203
10480,8872,4676641,8036,52618,14424,670
11480,2242,4676661,8017,19219,94527,137
12479,5582,4676691,7987,86121,74329,604
13478,8892,4676711,7968,53223,53932,071

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Listing Agent: Sean Glascott
Listing Office: @properties
1334 W. Henderson Chicago

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