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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
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2None,
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 25% 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.

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
$360,0002$180,0001.99%14.620.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,052$2,565
Year Total$24,624$30,780
Expense
Total$17,457$17,457
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
Down
Mortgage $4356 $12061 $16417 $1369
Total         $4,356 $12,061 $16,417   $-9,250 $4,356 $-4,894
Stabilized         $4,356 $12,061 $16,417   $-3,094 $4,356 $1,262
Custom         $4356 $12061 $16417   $-3094 $4356 $1262




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1270,0001,3693571,0133571,0131,369
2269,6441,3693581,0117142,0242,738
3269,2861,3693591,0101,0743,0334,107
4268,9261,3693611,0081,4344,0425,476
5268,5661,3693621,0071,7965,0496,845
6268,2041,3693631,0062,1596,0558,214
7267,8411,3693651,0042,5247,0599,583
8267,4761,3693661,0032,8908,06210,952
9267,1101,3693671,0023,2579,06412,321
10266,7431,3693691,0003,62610,06413,690
11266,3741,3693709993,99611,06315,059
12266,0041,3693719984,36712,06116,428
13265,6331,3693739964,74013,05717,797

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Listing Agent: Nehru Arunasalam
Listing Office: @properties
Glenview

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