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3 Flat 2634 Central Park Chi Logan Square Chica

City: CHICAGO ZIP: 60647

Built In: 1911

Lot Size: Less Than .25 Acre

Lot Dimensions: 30X125

Lot Description: Fenced Yard,

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $OWNE

Unit 2 Floor 2: 3 bedrooms 1 baths $VCNT

Unit 3 Floor 3: 2 bedrooms 1 baths $OWNE

Detailed Listing Description

LOCATION ! LOCATION !LOGAN SQUARE. HUGE SOLID BRICK BUILDING. READY FOR REHAB .OWNER AND BROKER CANNOT GUARANTEE THE LEGALITY OF THIRD UNIT. VERY SPACIOUS AND LARGE APARTMENTS WITH 3 BEDROOM UNITS. SEP DINING & LIVING ROOM. HUGE ENCLOSED PORCH. Near transportation, schools, parks, new stores, bar and restaurants. ENCLOSED PORCH. "AS-IS" CONDITION. OFFER MUST INCLUDE PRE-APPROVAL OR PROOF OF FUNDS.

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces0
  • Parking on SiteNo
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2None,
  • Appliances Unit 3None,
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 15% 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 24% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $47,364 Monthly $3,947
Rental Income Stabilized : Annual $61,836 Monthly $5,153
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$525,0003$175,0004.97%11.080.98%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,947$5,153
Year Total$47,364$61,836
Expense
Total$21,278$21,278
Net Operating Income$26,086$40,558
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6353 $17589 $23942 $1996
Total         $6,353 $17,589 $23,942   $2,144 $6,353 $8,497
Stabilized         $6,353 $17,589 $23,942   $16,616 $6,353 $22,969
Custom         $6353 $17589 $23942   $16616 $6353 $22969




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1393,7501,9965191,4775191,4771,996
2393,2311,9965211,4751,0412,9513,992
3392,7091,9965231,4731,5644,4245,988
4392,1861,9965251,4712,0895,8957,984
5391,6611,9965271,4692,6177,3639,980
6391,1331,9965291,4673,1468,83011,976
7390,6041,9965311,4653,67710,29513,972
8390,0731,9965331,4634,21011,75815,968
9389,5401,9965351,4614,74613,21817,964
10389,0041,9965371,4595,28314,67719,960
11388,4671,9965391,4575,82216,13421,956
12387,9281,9965411,4556,36317,58923,952
13387,3871,9965431,4536,90719,04125,948

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Listing Agent: Ernesto Escalante
Listing Office: Millennial Realty Inc
1422 W. Diversey Pkwy Chicago

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