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3 Flat 1923 Richmond Chi Logan Square Chicago I

City: CHICAGO ZIP: 60647

Built In: 1882

Lot Size: Oversized Chicago Lot

Lot Dimensions: 2940

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1100

Unit 2 Floor 1: 2 bedrooms 1 baths $1400

Unit 3 Floor 2: 2 bedrooms 1 baths $1450

Detailed Listing Description

IDEAL INVESTMENT! Fully occupied-in the Heart of Palmer Square - WALK to California Blue Line - NEW Kitchens and Baths, New Copper Plumbing/Electric- tenants pay all utilities except water/trash! Easy Access to 90/94 Expressway (10 Min to Downtown), Bucktown, Wicker Park, Rapidly Appreciating Armitage Corridor -Tree-Lined Street, Split System Radiator Heat, Great Yard, WALK to 606/Bloomingdale Trail and the City's Best Restaurants and Cocktail Bars, Surrounded by New Construction, Single Families, Great Neighbors, Sit Back and Collect Rent!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher,
  • 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 1% 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 9% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $47,400 Monthly $3,950
Rental Income Stabilized : Annual $56,532 Monthly $4,711
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,950$4,711
Year Total$47,400$56,532
Net Operating Income$26,583$35,715
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7611 $21074 $28685 $2391
Total         $7,611 $21,074 $28,685   $-2,102 $7,611 $5,509
Stabilized         $7,611 $21,074 $28,685   $7,030 $7,611 $14,641
Custom         $7611 $21074 $28685   $7030 $7611 $14641

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Kristin Bird
Listing Office: Kale Realty
1927 W. Argyle St. #3 Chicago

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