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3 Flat 3037 George Chi Avondale Chicago IL Mu I

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: Oversized Chicago Lot

Lot Dimensions: 27X113

Lot Description: Fenced Yard,

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $700

Unit 2 Floor 1: 3 bedrooms 1 baths $OWN

Unit 3 Floor 2: 2 bedrooms 2 baths $850

Detailed Listing Description

RARELY AVAILABLE LEGAL 3-FLAT IN RAPIDLY APPRECIATING EAST AVONDALE NEIGHBORHOOD W/ ENDLESS POTENTIAL SO BRING YOUR CONTRACTOR/ARCHITECT/DESIGNER & CONVERT THE PROPERTY INTO A MASSIVE SFH OR CREATE AN OWNER'S UNIT DUPLEX DOWN AND RENT THE OTHER TWO UNITS OR RENT ALL THREE FOR INVESTMENT! IDEAL AVONDALE/LOGAN SQUARE LOCATION, WALKING DISTANCE TO THE BLUE LINE, AWARD WINNING RESTAURANTS LIKE FAT RICE, PARACHUTE, KUMA'S CORNER, ETC AND CLOSE PROXIMITY TO THE KENNEDY! LARGE 1ST FLOOR APT W/ 3 BED + DINING ROOM 1 BATH, 2ND FLOOR HAS THE EXACT SAME FOOT PRINT AS THE FIRST FLOOR BUT THE FLOOR PLAN WAS ALTERED A BIT AND THE GARDEN IS 2 BED 1 BATH WITH GENEROUS LIVING AREA; NICE SIZE BACKYARD AND NEWER 2.5 CAR GARAGE W/ SIDE PAD FOR ADDITIONAL PARKING; BUILDING WILL NOT PASS FHA/VA APPRAISAL/GUIDELINES; BUILDING/APTS NEED TO BE GUT RENOVATED BUT HAS SOLID BONES!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces1
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Walk-In Closet,
Schools
  • Grade SchoolLOGANDALE MIDDLE SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • 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 32% 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 19% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,200 Monthly $2,600
Rental Income Stabilized : Annual $63,024 Monthly $5,252
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,5003$133,1673.59%12.801.31%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,600$5,252
Year Total$31,200$63,024
Expense
Total$16,858$16,858
Net Operating Income$14,342$46,166
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4834 $13385 $18219 $1519
Total         $4,834 $13,385 $18,219   $-3,877 $4,834 $957
Stabilized         $4,834 $13,385 $18,219   $27,947 $4,834 $32,781
Custom         $4834 $13385 $18219   $27947 $4834 $32781




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,6251,5193951,1243951,1241,519
2299,2301,5193971,1227922,2463,038
3298,8331,5193981,1211,1913,3664,557
4298,4341,5194001,1191,5914,4856,076
5298,0341,5194011,1181,9925,6037,595
6297,6331,5194031,1162,3956,7199,114
7297,2301,5194041,1152,7997,83410,633
8296,8261,5194061,1133,2058,94712,152
9296,4201,5194071,1123,61310,05813,671
10296,0121,5194091,1104,02111,16915,190
11295,6041,5194101,1094,43212,27716,709
12295,1931,5194121,1074,84413,38418,228
13294,7811,5194141,1055,25814,48919,747

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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