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2 Flat 419 Drake Chi Humboldt Park Chicago IL M

City: CHICAGO ZIP: 60624

Built In: 1905

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $VAC

Unit 2 Floor 2: 2 bedrooms 1 baths $800

Detailed Listing Description

AMAZING opportunity to own this newly renovated BRICK 2 FLAT located in Chicago's HOT Humboldt Park Neighborhood! 4 total bedrooms with an unfinished basement for extra living space! NEW ROOF! Gas forced air and brand new CENTRAL AIR! Owners unit sports granite counters, stainless appliances, and custom bath. French doors open up into a beautiful rear deck. Long time tenant will help pay your mortgage. Come see TODAY!

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 109% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $19,800 Monthly $1,650
Rental Income Stabilized : Annual $25,200 Monthly $2,100
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$272,0002$136,0002.14%13.740.77%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,650$2,100
Year Total$19,800$25,200
Expense
Total$13,987$13,987
Net Operating Income$5,813$11,213
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3291 $9113 $12404 $1034
Total         $3,291 $9,113 $12,404   $-6,591 $3,291 $-3,300
Stabilized         $3,291 $9,113 $12,404   $-1,191 $3,291 $2,100
Custom         $3291 $9113 $12404   $-1191 $3291 $2100




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1204,0001,0342697652697651,034
2203,7311,0342707645391,5292,068
3203,4611,0342717638102,2923,102
4203,1901,0342727621,0823,0544,136
5202,9181,0342737611,3553,8155,170
6202,6451,0342747601,6294,5756,204
7202,3711,0342757591,9045,3347,238
8202,0961,0342767582,1806,0928,272
9201,8201,0342777572,4586,8489,306
10201,5421,0342787562,7367,60410,340
11201,2641,0342797553,0158,35911,374
12200,9851,0342807543,2959,11312,408
13200,7051,0342817533,5779,86513,442

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Listing Agent: Moises Pacheco
Listing Office: Baird & Warner, Inc.

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