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2 Flat 3731 Giddings Albany Park Chicago IL Mu In

City: CHICAGO ZIP: 60625

Built In: 1922

Lot Size: Oversized Chicago Lot

Lot Dimensions: 33X125

Lot Description: Cul-de-sac,

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 4 bedrooms 1 baths $1500

Detailed Listing Description

MOVE IN CONDITION !PLUS INCOME PRODUCING BUILDING.NEW FURNACE , AIR CONDITION (ENERGY SAVER ) AND HOT WATER TANK.ALSO APPLIANCES ARE FEW YEARS OLD .BUILDING RECENTLY RENOVATED .FISHED BASEMENT WITH TWO UNITS. ONE WITH TWO BED ONE .2ND STUDIO WITH FULL BATH. .AND BOTH ARE SEPARATE ENTRANCE. BASEMENT COULD BE DUPLEX.HIGHLY DESIRED ALBANY PARK AREA.CLOSE TO TRANSPORTATION AND OTHER CONVENIENCES .OWNER STILL DOING UPDATING!!!!!!!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2.5
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas,
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: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 12% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 20% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,600 Monthly $2,800
Rental Income Stabilized : Annual $37,944 Monthly $3,162
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$459,0002$229,5004.52%13.660.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,800$3,162
Year Total$33,600$37,944
Expense
Total$12,873$12,873
Net Operating Income$20,727$25,071
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5554 $15378 $20932 $1745
Total         $5,554 $15,378 $20,932   $-205 $5,554 $5,349
Stabilized         $5,554 $15,378 $20,932   $4,139 $5,554 $9,693
Custom         $5554 $15378 $20932   $4139 $5554 $9693




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1344,2501,7454541,2914541,2911,745
2343,7961,7454561,2899102,5803,490
3343,3401,7454571,2881,3673,8685,235
4342,8831,7454591,2861,8265,1546,980
5342,4241,7454611,2842,2876,4388,725
6341,9631,7454631,2822,7507,72010,470
7341,5001,7454641,2813,2149,00112,215
8341,0361,7454661,2793,68110,27913,960
9340,5691,7454681,2774,14811,55715,705
10340,1021,7454701,2754,61812,83217,450
11339,6321,7454711,2745,08914,10619,195
12339,1611,7454731,2725,56315,37720,940
13338,6871,7454751,2706,03716,64822,685

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Listing Agent: Raza Hussain
Listing Office: City Habitat Realty LLC
1589 Brookside Dr. Hoffman Estates

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