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3 Flat 2848 Elston Chi Avondale Chicago IL Mu I

City: CHICAGO ZIP: 60618

Built In: 1887

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30 X 125

Lot Description: Common Grounds,

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $1720

Unit 3 Floor 2: 2 bedrooms 1 baths $1400

Gross Income $54,000

Net Op. Income $38,378

Detailed Listing Description

Excellent Opportunity to Acquire 3 Unit + In-Law Arrangement in Attic! Great Add to Current Real Estate Portfolio! All Apartments Nicely Updated with Modern Finishes. Fantastic Location with a Variety of Amenities at Walking Distance. Garden Unit Currently Rented Through Airbnb. Coin Laundry Included for Extra Income. Must Come See!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(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 1None,
  • Tenant Pays Unit 2None,
  • Tenant Pays Unit 3None,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Garage/Space,
Schools
  • Grade SchoolCLEVELAND ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolCLEVELAND ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLANE TECHNICAL 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 2% 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 21% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $37,440 Monthly $3,120
Rental Income Stabilized : Annual $51,300 Monthly $4,275
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,9003$199,9672.64%16.020.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,120$4,275
Year Total$37,440$51,300
Expense
Total$21,622$21,622
Net Operating Income$15,818$29,678
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7259 $20099 $27358 $2280
Total         $7,259 $20,099 $27,358   $-11,540 $7,259 $-4,281
Stabilized         $7,259 $20,099 $27,358   $2,320 $7,259 $9,579
Custom         $7259 $20099 $27358   $2320 $7259 $9579




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,9252,2805931,6875931,6872,280
2449,3322,2805951,6851,1883,3724,560
3448,7372,2805971,6831,7855,0556,840
4448,1402,2805991,6812,3846,7369,120
5447,5412,2806021,6782,9868,41411,400
6446,9392,2806041,6763,59010,09013,680
7446,3352,2806061,6744,19611,76415,960
8445,7292,2806091,6714,80513,43518,240
9445,1202,2806111,6695,41615,10420,520
10444,5092,2806131,6676,02916,77122,800
11443,8962,2806151,6656,64418,43625,080
12443,2812,2806181,6627,26220,09827,360
13442,6632,2806201,6607,88221,75829,640

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Listing Agent: Rafael Nivar
Listing Office: North Clybourn Group, Inc.
2147 N. Mcvicker Chicago

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