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2 Flat 2846 Elston Chi Avondale Chicago IL Mu I

City: CHICAGO ZIP: 60618

Built In: 1887

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $NA

Unit 2 Floor 2: 2 bedrooms 1 baths $1450

Detailed Listing Description

Endless possibilities on this recently updated 2 unit building located in hot Avondale! Recent owner collected $50k+ in gross rents in 2017! With all the recent updates all that's left to do is move in and start collecting rent! 1st floor is vacant, perfect for new owners or tenants. This building and area are also perfect for Airbnb! Furniture can be included in sale. New roof in 2017, new windows and mechanicals replaced in 2014. Bathrooms and kitchens were all updated in 2015. The owner is ready, willing and eager to find a new owner that will care and love the building so schedule your showing and lets negotiate!

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 1Other,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
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 8% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 18% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,632 Monthly $2,636
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$520,0002$260,0002.96%16.440.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,636$2,933
Year Total$31,632$35,196
Expense
Total$16,229$16,229
Net Operating Income$15,403$18,967
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6292 $17422 $23714 $1977
Total         $6,292 $17,422 $23,714   $-8,311 $6,292 $-2,019
Stabilized         $6,292 $17,422 $23,714   $-4,747 $6,292 $1,545
Custom         $6292 $17422 $23714   $-4747 $6292 $1545




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1390,0001,9775151,4635151,4631,977
2389,4861,9775161,4611,0312,9233,954
3388,9691,9775181,4591,5494,3825,931
4388,4511,9775201,4572,0705,8387,908
5387,9301,9775221,4552,5927,2939,885
6387,4081,9775241,4533,1168,74611,862
7386,8841,9775261,4513,64210,19713,839
8386,3581,9775281,4494,17011,64615,816
9385,8301,9775301,4474,70113,09217,793
10385,2991,9775321,4455,23314,53719,770
11384,7671,9775341,4435,76715,98021,747
12384,2331,9775361,4416,30317,42123,724
13383,6971,9775381,4396,84118,86025,701

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Listing Agent: Yomaira Roman Herrera
Listing Office: RE/MAX LOYALTY
4758 S. Harding Ave. Chicago

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