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2 Flat 4032 Francisco Chi Irving Park Chicago I

City: CHICAGO ZIP: 60618

Built In: 1901

Lot Size: Standard Chicago Lot

Lot Dimensions: 125 X 25

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1100

Unit 2 Floor 2: 2 bedrooms 1 baths $1050

Detailed Listing Description

Amazing 2 flat with great natural light, tall ceilings, hardwood floors, original wood trim & original built-ins. This Building has many opportunities. Keep as is or update. The area has good rental potential. Included are Separate utilities, laundry in building, private porch area for each apartment, 2 car garage, large yard. This property has a bright & sunny top floor with 2 bedrooms and one bath with formal Living and dining rooms and a real foyer entry. The first floor with two bedrooms one bath, formal living and dining areas plus walking closets. Incredible potential to build an owner's unit up into an attic or down into a full basement with high ceilings. Located in the friendly Irving Park neighborhood with Victorian architecture & United Nations-like assortment of restaurants. Walking distance to public transit, restaurants, & nightlife including Parachute, The Abbey Pub, Honey Butter Fried Chicken, Smoque BBQ, Chicago Taco Authority, Hearth and Crust, Bread and Wine & regu

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(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, Dishwasher, Garage/Space, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Hardwood Floors,
Schools
  • Grade SchoolBATEMAN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolROOSEVELT 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 10% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 1% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,800 Monthly $2,150
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$435,0002$217,5003.02%16.860.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,150$2,933
Year Total$25,800$35,196
Expense
Total$12,647$12,647
Net Operating Income$13,153$22,549
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5264 $14574 $19838 $1654
Total         $5,264 $14,574 $19,838   $-6,685 $5,264 $-1,421
Stabilized         $5,264 $14,574 $19,838   $2,711 $5,264 $7,975
Custom         $5264 $14574 $19838   $2711 $5264 $7975




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1326,2501,6544311,2234311,2231,654
2325,8191,6544321,2228632,4453,308
3325,3871,6544341,2201,2973,6654,962
4324,9531,6544351,2191,7324,8846,616
5324,5181,6544371,2172,1696,1018,270
6324,0811,6544391,2152,6087,3169,924
7323,6421,6544401,2143,0488,53011,578
8323,2021,6544421,2123,4909,74213,232
9322,7601,6544441,2103,93410,95214,886
10322,3161,6544451,2094,37912,16116,540
11321,8711,6544471,2074,82613,36818,194
12321,4241,6544491,2055,27514,57319,848
13320,9751,6544501,2045,72515,77721,502

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Listing Agent: Chaz Walters
Listing Office: Coldwell Banker Residential
1240 W. Henderson Chicago

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