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419 Drake

City: CHICAGO ZIP: 60624

Built In: 1905

Lot Size: A

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
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,E,F,I,S
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 92% 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 11% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,888 Monthly $1,824
Rental Income Stabilized : Annual $25,200 Monthly $2,100
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$249,9002$124,9503.12%11.420.84%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,824$2,100
Year Total$21,888$25,200
Expense
Total$14,091$14,091
Net Operating Income$7,797$11,109
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3024 $8373 $11397 $950
Total         $3,024 $8,373 $11,397   $-3,600 $3,024 $-576
Stabilized         $3,024 $8,373 $11,397   $-288 $3,024 $2,736
Custom         $3024 $8373 $11397   $-288 $3024 $2736




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1187,425950247703247703950
2187,1789502487024951,4051,900
3186,9309502497017442,1062,850
4186,6819502507009942,8063,800
5186,4319502516991,2453,5054,750
6186,1809502526981,4974,2035,700
7185,9289502536971,7504,9006,650
8185,6759502546962,0035,5977,600
9185,4229502556952,2586,2928,550
10185,1679502566942,5146,9869,500
11184,9119502576932,7707,68010,450
12184,6559502586923,0288,37211,400
13184,3979502596913,2869,06412,350

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

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.