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2 Flat 3242 Central Park Chi Avondale Chicago I

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: Standard Chicago Lot

Lot Dimensions: 25 X 125

# 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 OPPORTUNITY TO OWN A LOVELY BRICK 2-FLAT IN THE HOT AVONDALE NEIGHBORHOOD! BEAUTIFUL BRICK BUILDING WITH TWO UNITS: 3 BED/1 BATH ON 2ND FLOOR, AND 2 BED/1 BATH ON 1ST FLOOR. VERY LARGE UNFINISHED ATTTIC JUST WAITING FOR YOUR IDEAS! NEWER ROOF - TEAR OFF ~ 5 YRS OLD. LOTS OF GREAT VINTAGE FEATURES STILL EXISTING IN THIS LONG TIME FAMILY BUILDING. NEEDS UPDATING, BUT SOLID BUILDING. COME SEE IT BEFORE ITS GONE! ESTATE SALE - SOLD AS-IS.

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 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer,
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 17% more than other 2 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 9% 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 $30,182 Monthly $2,515
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9002$199,9504.23%13.250.79%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,515$3,144
Year Total$30,182$37,728
Expense
Total$13,249$13,249
Net Operating Income$16,933$24,479
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4839 $13398 $18237 $1520
Total         $4,839 $13,398 $18,237   $-1,304 $4,839 $3,535
Stabilized         $4,839 $13,398 $18,237   $6,242 $4,839 $11,081
Custom         $4839 $13398 $18237   $6242 $4839 $11081




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,9251,5203951,1253951,1251,520
2299,5301,5203971,1237922,2483,040
3299,1331,5203981,1221,1903,3704,560
4298,7351,5204001,1201,5904,4906,080
5298,3351,5204011,1191,9915,6097,600
6297,9341,5204031,1172,3946,7269,120
7297,5311,5204041,1162,7987,84210,640
8297,1271,5204061,1143,2048,95612,160
9296,7211,5204071,1133,61110,06913,680
10296,3141,5204091,1114,02011,18015,200
11295,9051,5204101,1104,43112,28916,720
12295,4941,5204121,1084,84213,39818,240
13295,0831,5204131,1075,25614,50419,760

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Listing Agent: Colleen Colombo
Listing Office: Keep It Realty, Ltd
3236 N Central Park Ave #1 Chicago

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