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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
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher,
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 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
$629,0003$209,6674.23%13.270.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,950$4,711
Year Total$47,400$56,532
Expense
Total$20,817$20,817
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
Down
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
1471,7502,3916221,7696221,7692,391
2471,1282,3916241,7671,2463,5364,782
3470,5042,3916271,7641,8735,3007,173
4469,8772,3916291,7622,5027,0629,564
5469,2482,3916311,7603,1338,82211,955
6468,6172,3916341,7573,76710,57914,346
7467,9832,3916361,7554,40312,33416,737
8467,3472,3916381,7535,04114,08719,128
9466,7092,3916411,7505,68215,83721,519
10466,0682,3916431,7486,32517,58523,910
11465,4252,3916461,7456,97119,33026,301
12464,7792,3916481,7437,61921,07328,692
13464,1312,3916511,7408,27022,81331,083

Explore Nearby Neighborhoods

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Irving Park

North CenterNearby Neighborhoods X Plus Real Estate

North Center

Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

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

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