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2 Flat 1442 Irving Park Chi Lake View Chicago I

City: CHICAGO ZIP: 60613

Built In: 1908

Lot Size: Less Than .25 Acre

Lot Dimensions: 3200

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Incredible and rare opportunity to own this solid brick 2-flat featuring hardwood flooring; original woodwork; updated kitchens with maple cabinets, granite counters and stainless appliances; partially finishes walk-out basement with bath and kitchenette; and detached 2-car garage. Fantastic location close to shopping, dinning, entertainment and just steps to Lakeview High School. Buyer to verify zoning/compliance of the basement unit. This home will be placed in an upcoming auction. Auction terms apply.

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 1Other,
  • Tenant Pays Unit 2Other,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 27% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 38% 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 $36,912 Monthly $3,076
Rental Income Stabilized : Annual $46,140 Monthly $3,845
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$550,0002$275,0002.24%14.900.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,076$3,845
Year Total$36,912$46,140
Expense
Total$24,594$24,594
Net Operating Income$12,318$21,546
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6655 $18427 $25082 $2091
Total         $6,655 $18,427 $25,082   $-12,764 $6,655 $-6,109
Stabilized         $6,655 $18,427 $25,082   $-3,536 $6,655 $3,119
Custom         $6655 $18427 $25082   $-3536 $6655 $3119




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1412,5002,0915441,5475441,5472,091
2411,9562,0915461,5451,0903,0924,182
3411,4102,0915481,5431,6394,6346,273
4410,8612,0915501,5412,1896,1758,364
5410,3112,0915521,5392,7417,71410,455
6409,7592,0915541,5373,2969,25012,546
7409,2042,0915561,5353,85210,78514,637
8408,6482,0915591,5324,41112,31716,728
9408,0892,0915611,5304,97113,84818,819
10407,5292,0915631,5285,53415,37620,910
11406,9662,0915651,5266,09916,90223,001
12406,4012,0915671,5246,66618,42625,092
13405,8342,0915691,5227,23519,94827,183

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Listing Agent: Anthony Disano
Listing Office: Parkvue Realty Corporation
1424 Grove Ave. Park Ridge

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