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2 Flat 3517 Western Chi North Center Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1906

Lot Size: Less Than .25 Acre

Lot Dimensions: 30 X 108

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Detailed Listing Description

Owner and tenant occupied 2 flat plus finished basement in great North Center and Bell school district location across from Lane Tech High School. Long term owner has recently had a new roof and water heater installed. There is also a new 2 car garage. Perfect for a new owner or as an investment. Hurry !!!

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 1Electric,
  • Tenant Pays Unit 2Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
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 13% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 16% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,800 Monthly $2,400
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$545,0002$272,5001.77%18.920.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,400$2,933
Year Total$28,800$35,196
Expense
Total$19,129$19,129
Net Operating Income$9,671$16,067
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6595 $18259 $24854 $2072
Total         $6,595 $18,259 $24,854   $-15,183 $6,595 $-8,588
Stabilized         $6,595 $18,259 $24,854   $-8,787 $6,595 $-2,192
Custom         $6595 $18259 $24854   $-8787 $6595 $-2192




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1408,7502,0725391,5335391,5332,072
2408,2112,0725411,5311,0803,0644,144
3407,6702,0725431,5291,6244,5926,216
4407,1262,0725451,5272,1696,1198,288
5406,5812,0725471,5252,7167,64410,360
6406,0342,0725491,5233,2669,16612,432
7405,4842,0725511,5213,81710,68714,504
8404,9332,0725541,5184,37112,20516,576
9404,3792,0725561,5164,92613,72218,648
10403,8242,0725581,5145,48415,23620,720
11403,2662,0725601,5126,04416,74822,792
12402,7062,0725621,5106,60518,25924,864
13402,1452,0725641,5087,16919,76726,936

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Listing Agent: Lorenzo Sanchez
Listing Office: Baird & Warner
4911 W. Devon Chicago

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