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3 Flat 2049 Kedzie Chi Logan Square Chicago IL

City: CHICAGO ZIP: 60647

Built In: 1896

Lot Size: Oversized Chicago Lot

Lot Dimensions: 25 X 224

# of Units: 3

Unit 1 Floor G: 1 bedrooms 1 baths $1350

Unit 2 Floor 1: 2 bedrooms 1 baths $1550

Unit 3 Floor 2: 2 bedrooms 1 baths $1950

Detailed Listing Description

Unique opportunity to own all-brick 3 flat on R4 25x224 lot in HOT LOGAN SQUARE at Armitage and Kedzie! Garden unit is a 1/1 ($1350, lease 7/31/19), Unit 1 is a 2/1($1550, lease 7/31/19), and Unit 2 is a 2/1($1950, lease 6/30/19). Hardwood floors through out as well as MANY key updates including but not limited to: rehabbed 1st and 2nd floor kitchens and bathrooms (2011/2012), hot water heater (2011), tuckpointing and chimney (2011), new boiler (2016), garden unit remodel (2014), and resealed roof (2016). Garage parking for 2 units. Easy walk to parks/606/farmers market/Blue Line/buses. Current rents are well below market value. Property sold as-is.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Appliances Unit 1Stove, Refrigerator, Garage/Space, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • 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 37% 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 23% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $58,200 Monthly $4,850
Rental Income Stabilized : Annual $56,052 Monthly $4,671
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,850$4,671
Year Total$58,200$56,052
Net Operating Income$40,812$38,664
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10285 $28478 $38763 $3231
Total         $10,285 $28,478 $38,763   $2,049 $10,285 $12,334
Stabilized         $10,285 $28,478 $38,763   $-99 $10,285 $10,186
Custom         $10285 $28478 $38763   $-99 $10285 $10186

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Karen Schwartz
Listing Office: Dream Town Realty
2801 N. Oakley Chicago

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