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3 Flat 3138 Ridgeway Chi Avondale Chicago IL Mu

City: CHICAGO ZIP: 60618

Built In: 1908

Lot Size: Less Than .25 Acre

Lot Dimensions: 30 X 125

Lot Description: Fenced Yard,

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $700

Unit 2 Floor 2: 2 bedrooms 1 baths $750

Unit 3 Floor 3: 2 bedrooms 1 baths $OWNE

Detailed Listing Description

BRICK 3 FLAT IN AVONDALE. SEPARATE HEAT AND ELECTRICITY,ROOF WAS REPLACE IN 2017,LARGE GARAGE, ENCLOSED BACK PORCH, RENTS ARE LOW DUE TO LONG TIME TENANTS. PROPERTY BEING SOLD "AS IS" EASY ACCESS TO PUBLIC TRANSPORTATION.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s),
  • 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,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3None,
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 18% more than other 3 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 3% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,624 Monthly $2,802
Rental Income Stabilized : Annual $55,032 Monthly $4,586
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$479,9993$160,0003.64%14.280.96%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,802$4,586
Year Total$33,624$55,032
Expense
Total$16,136$16,136
Net Operating Income$17,488$38,896
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5808 $16082 $21890 $1825
Total         $5,808 $16,082 $21,890   $-4,402 $5,808 $1,406
Stabilized         $5,808 $16,082 $21,890   $17,006 $5,808 $22,814
Custom         $5808 $16082 $21890   $17006 $5808 $22814




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1360,0001,8254751,3504751,3501,825
2359,5251,8254771,3489522,6983,650
3359,0481,8254791,3461,4304,0455,475
4358,5701,8254801,3451,9115,3897,300
5358,0891,8254821,3432,3936,7329,125
6357,6071,8254841,3412,8778,07310,950
7357,1231,8254861,3393,3639,41212,775
8356,6371,8254881,3373,85010,75014,600
9356,1501,8254891,3364,34012,08516,425
10355,6601,8254911,3344,83113,41918,250
11355,1691,8254931,3325,32414,75120,075
12354,6761,8254951,3305,81916,08121,900
13354,1811,8254971,3286,31617,40923,725

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Listing Agent: Corina Flores-Moradi
Listing Office: Re/Max Landmark
6020 W. Higgins Ave Ste C Chicago

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