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2 Flat 2427 St Louis Chi Logan Square Chicago I

City: CHICAGO ZIP: 60647

Built In: 1906

Lot Size: Oversized Chicago Lot

Lot Dimensions: 27X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1900

Detailed Listing Description

Beautiful brick 2-flat in the heart of one of the most charming pockets of Logan Square, less than a 10 minute walk into the square and the el, minutes to the Metra and all of the fantastic retail amenities Logan has to offer. It's on a 27 foot lot, with two 3 bedroom units - bedrooms are wide and nicely sized (floor plans are available). Units are clean and updated, with separate living room, dining room and kitchen. Kitchens and baths were gutted and redone just a few yrs ago, with stainless appl, granite and 42in cabs. The seller has completely redone the electric, plumbing and hvac, with separate furnaces and central air for both units. Unfinished basement has high ceilings, well above average for the area, perfect for a 4br, 2ba duplex down buildout!

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 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave,
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 21% more than other 2 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 16% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,800 Monthly $1,900
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0002$312,5001.33%27.410.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,900$3,512
Year Total$22,800$42,144
Expense
Total$14,477$14,477
Net Operating Income$8,323$27,667
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $-20,180 $7,563 $-12,617
Stabilized         $7,563 $20,940 $28,503   $-836 $7,563 $6,727
Custom         $7563 $20940 $28503   $-836 $7563 $6727




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Robert Safranski
Listing Office: @properties
2532 N Bernard St Chicago

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