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3 Flat 2418 Lyndale Chi Logan Square Chicago IL

City: CHICAGO ZIP: 60647

Built In: 1912

Lot Size: Less Than .25 Acre

Lot Dimensions: 43 X 111

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1200

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor 3: 3 bedrooms 1 baths $1200

Detailed Listing Description

WELCOME TO ONE OF CHICAGO'S HOTTEST REAL ESTATE DEVELOPMENT AREA. THE NEIGHBORS HAVE PAVED THE WAY ON THIS BLOCK WITH NEW CONSTRUCTION IN EVERY DIRECTION. THIS GIANT SITS ON AN OVERSIZED 43' LOT! WITH CONDO SALES NEXT DOOR AT $600K, THE OPPORTUNITIES HERE ARE ENDLESS. REHAB, CONDO CONVERSION, OR NEW CONSTRUCTION, IT'S A WIN-WIN SITUATION! LOCATED WITHIN WALKING DISTANCE TO HOLSTEIN PARK, THE BLUE LINE, AND BLOOMINGTON TRAILS! EASY ACCESS TO THE KENNEDY EXPRESSWAY AND SITTING ON THE BORDER OF BUCKTOWN, THIS OPPORTUNITY WILL NOT BE HERE FOR LONG! SELLER SAYS MAKE HER AN OFFER! CALL TODAY!

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces3
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
  • Tenant Pays Unit 3All,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 21% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 8% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,800 Monthly $2,400
Rental Income Stabilized : Annual $59,400 Monthly $4,950
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,0003$249,6671.24%26.010.66%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,400$4,950
Year Total$28,800$59,400
Expense
Total$19,502$19,502
Net Operating Income$9,298$39,898
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9063 $25094 $34157 $2847
Total         $9,063 $25,094 $34,157   $-24,859 $9,063 $-15,796
Stabilized         $9,063 $25,094 $34,157   $5,741 $9,063 $14,804
Custom         $9063 $25094 $34157   $5741 $9063 $14804




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1561,7502,8477402,1077402,1072,847
2561,0102,8477432,1041,4844,2105,694
3560,2662,8477462,1012,2306,3118,541
4559,5202,8477492,0982,9788,41011,388
5558,7722,8477522,0953,73010,50514,235
6558,0202,8477542,0934,48412,59817,082
7557,2662,8477572,0905,24214,68719,929
8556,5082,8477602,0876,00216,77422,776
9555,7482,8477632,0846,76518,85825,623
10554,9852,8477662,0817,53120,93928,470
11554,2192,8477692,0788,29923,01831,317
12553,4512,8477722,0759,07125,09334,164
13552,6792,8477742,0739,84527,16637,011

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Listing Agent: Pablo Galarza
Listing Office: RE/MAX 10
9909 Southwest Hwy. Oak Lawn

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