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2 Flat 4125 School Chi Irving Park Chicago IL M

City: CHICAGO ZIP: 60641

Built In: 1901

Lot Size: Less Than .25 Acre

Lot Dimensions: 37X125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $UNK

Unit 2 Floor 2: 2 bedrooms 1 baths $UNK

Detailed Listing Description

INCREDIBLE OPPORTUNITY!!! Investor friendly!!! Brick 2 flat with a basement on a huge lot! close to schools and easy transportation. 2 bedrooms and 1 bathroom on each level. being sold AS IS, needs some work. motivated seller.

Additional Property Details

Garage & Parking
  • 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, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat, Water,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 32% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 41% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $29,820 Monthly $2,485
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$254,9002$127,4506.69%8.550.97%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,485$2,476
Year Total$29,820$29,712
Expense
Total$12,762$12,762
Net Operating Income$17,058$16,950
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3085 $8540 $11625 $969
Total         $3,085 $8,540 $11,625   $5,433 $3,085 $8,518
Stabilized         $3,085 $8,540 $11,625   $5,325 $3,085 $8,410
Custom         $3085 $8540 $11625   $5325 $3085 $8410




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1191,175969252717252717969
2190,9239692537165051,4331,938
3190,6709692547157592,1482,907
4190,4169692557141,0142,8623,876
5190,1619692567131,2703,5754,845
6189,9059692577121,5274,2875,814
7189,6489692587111,7854,9986,783
8189,3909692597102,0435,7097,752
9189,1329692607092,3036,4188,721
10188,8729692617082,5647,1269,690
11188,6119692627072,8267,83310,659
12188,3499692637063,0888,54011,628
13188,0879692647053,3529,24512,597

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Listing Agent: Cristino Aguirre
Listing Office: Realty of Chicago
2242 N Central Ave Chicago

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