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2 Flat 3043 Belmont Chi Avondale Chicago IL Mu

City: CHICAGO ZIP: 60618

Built In: 1895

Lot Size: Less Than .25 Acre

Lot Dimensions: 125X25

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 0 baths $0

Unit 2 Floor 1: 3 bedrooms 2 baths $0

Detailed Listing Description

Great Investment mix used property in a desirable location. First floor 1250 sqft office/store space available with new bath & kitchenette. Perfect for studio, gallery, office, etc. can bring in potential $2000 to $2500 rent. Duplex apartment above with 2 huge bdrms & 1/2 bath on top, large kitchen, expanded living rm, dining rm and 1 bdrm on main level with rental income of Standard yard, 2 car gar in rear. Close to Kennedy expressway, walk to blue line train. Apt rents for $1600, including garage. Long time tenant in duplex apt.Bring in any offer, seller is motivated.

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
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2All,
  • Appliances Unit 1None,
  • Appliances Unit 2None,
  • 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 29% 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 23% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $24,624 Monthly $2,052
Rental Income Stabilized : Annual $30,780 Monthly $2,565
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,052$2,565
Year Total$24,624$30,780
Net Operating Income$7,167$13,323
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $4114 $11391 $15505 $1293
Total         $4,114 $11,391 $15,505   $-8,338 $4,114 $-4,224
Stabilized         $4,114 $11,391 $15,505   $-2,182 $4,114 $1,932
Custom         $4114 $11391 $15505   $-2182 $4114 $1932

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Nehru Arunasalam
Listing Office: @properties

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