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2 Flat 4515 Harding Chi Albany Park Chicago IL

City: CHICAGO ZIP: 60625

Built In: 1909

Lot Size: Oversized Chicago Lot

Lot Dimensions: 4167 SQ FT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Detailed Listing Description

AMAZING OPPORTUNITY!!! HOT, HOT, HOT Investment Property! Highly Desired Albany Park Neighborhood! Solid brick 2 flat, situated on an over-sized lot complemented by a quiet, tree lined street. Property consist of two 3-bedrooms 1-bathroom units, and a two-car garage for additional income. Unfinished full basement with front and rear entrance and a full bathroom. Owner pays gas bill for 1st floor which is for heat. Close to public transportation, CTA, Blue Line, Brown Line, Metra, expressway, trendy shops, tons of diverse award-winning restaurants, and engaged community. Near Roosevelt High School, Haugan Elementary School and Jensen Park. Turn key ready! Great Location! Great Investment! Motivated Seller!

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(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,
  • Tenant Pays Unit 2Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 18% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,328 Monthly $2,694
Rental Income Stabilized : Annual $38,412 Monthly $3,201
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$429,0002$214,5003.92%13.270.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,694$3,201
Year Total$32,328$38,412
Expense
Total$15,526$15,526
Net Operating Income$16,802$22,886
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5191 $14373 $19564 $1631
Total         $5,191 $14,373 $19,564   $-2,762 $5,191 $2,429
Stabilized         $5,191 $14,373 $19,564   $3,322 $5,191 $8,513
Custom         $5191 $14373 $19564   $3322 $5191 $8513




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1321,7501,6314241,2074241,2071,631
2321,3261,6314261,2058502,4123,262
3320,9001,6314281,2031,2783,6154,893
4320,4721,6314291,2021,7074,8176,524
5320,0431,6314311,2002,1386,0178,155
6319,6121,6314321,1992,5717,2159,786
7319,1791,6314341,1973,0058,41211,417
8318,7451,6314361,1953,4409,60813,048
9318,3101,6314371,1943,87810,80114,679
10317,8721,6314391,1924,31711,99316,310
11317,4331,6314411,1904,75713,18417,941
12316,9931,6314421,1895,20014,37219,572
13316,5501,6314441,1875,64415,55921,203

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Listing Agent: David Banach
Listing Office: Keller Williams Chicago-O'Hare
4400 N. Merrimac Chicago

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