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2 Flat 2531 Hutchinson Chi North Center Chicago

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: K

Lot Dimensions: 30 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

WELCOME BUILDERS/REHABBERS, A North Center/Lincoln Square Beautiful Large Brick 2 Flat with front Sun-rooms on (30 x 125) lot. All Brick building with lighter yellow brick facade accented by natural Stone facade. Great for rehabbing into a Contemporary/Modern design for a Single Family home conversion. separate steam boilers & water heaters, enclosed 3 season rooms off kitchen overlooking yard. Large basement with work/tool area and laundry room. Well kept building with newer electrical panels. Wonderful opportunity to rehab kitchens and baths and maintain as 2 units or convert to single family home. Large backyard with patio, No Garage but 'yes' you can build one. Strategically located just south of Lincoln Square's shopping, Brown line EL stop, & Welles Park. Enjoy a walk on the river walk trail; street ends in a cul-de-sac. Long time owners so building being Sold 'As-Is". Waters School with nature park Great opportunity!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,S
Schools
  • Grade SchoolWATERS ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolAMUNDSEN 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 16% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 14% 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
$559,9002$279,9502.60%18.550.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,515$3,144
Year Total$30,182$37,728
Expense
Total$15,620$15,620
Net Operating Income$14,562$22,108
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6775 $18759 $25534 $2128
Total         $6,775 $18,759 $25,534   $-10,972 $6,775 $-4,197
Stabilized         $6,775 $18,759 $25,534   $-3,426 $6,775 $3,349
Custom         $6775 $18759 $25534   $-3426 $6775 $3349




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1419,9252,1285531,5755531,5752,128
2419,3722,1285551,5731,1093,1474,256
3418,8162,1285571,5711,6664,7186,384
4418,2592,1285601,5682,2266,2868,512
5417,6992,1285621,5662,7877,85310,640
6417,1382,1285641,5643,3519,41712,768
7416,5742,1285661,5623,91710,97914,896
8416,0082,1285681,5604,48512,53917,024
9415,4402,1285701,5585,05514,09719,152
10414,8702,1285721,5565,62715,65321,280
11414,2982,1285741,5546,20217,20623,408
12413,7232,1285771,5516,77818,75825,536
13413,1472,1285791,5497,35720,30727,664

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Listing Agent: Thomas Walsh
Listing Office: @properties
2230 W Leland Chicago

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