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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
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Garage/Space, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
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 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
$850,0003$283,3334.80%14.600.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,850$4,671
Year Total$58,200$56,052
Expense
Total$17,388$17,388
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
Down
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
1637,5003,2318402,3918402,3913,231
2636,6603,2318442,3871,6844,7786,462
3635,8163,2318472,3842,5317,1629,693
4634,9693,2318502,3813,3809,54412,924
5634,1203,2318532,3784,23411,92116,155
6633,2663,2318562,3755,09014,29619,386
7632,4103,2318592,3725,94916,66822,617
8631,5513,2318632,3686,81219,03625,848
9630,6883,2318662,3657,67821,40129,079
10629,8223,2318692,3628,54723,76332,310
11628,9533,2318722,3599,41926,12235,541
12628,0813,2318762,35510,29528,47738,772
13627,2053,2318792,35211,17430,82942,003

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

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