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2 Flat 3646 Kedzie Chi Irving Park Chicago IL M

City: CHICAGO ZIP: 60618

Built In: 1892

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor H: 2 bedrooms 1 baths $1200

Unit 2 Floor H: 2 bedrooms 1 baths $1100

Detailed Listing Description

Don't miss this Great Opportunity to own this 2 Flat in the highly desirable area of Irving Park!! Each 2 bedroom apartment is currently leased m/m for your convenience. Rent amounts are low due to long term tenants but can be much higher! Full finished basement with washer & dryer for tenant use. Some recent updates include: windows, furnace, water heater and new vinyl flooring over hardwood floors. Spacious fenced in back yard with a 2 car garage and an additional parking space. Great location!! Only a few blocks to CTA Belmont Blue Line and/or bus on Addison, easy access to 90/94, groceries, and all the best dining and shopping in the area.

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 1All, Water,
  • Tenant Pays Unit 2Electric, Gas,
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: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 21% 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 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $27,600 Monthly $2,300
Rental Income Stabilized : Annual $27,600 Monthly $2,300
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$379,9002$189,9503.27%13.760.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,300$2,300
Year Total$27,600$27,600
Expense
Total$15,161$15,161
Net Operating Income$12,439$12,439
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4597 $12728 $17325 $1444
Total         $4,597 $12,728 $17,325   $-4,886 $4,597 $-289
Stabilized         $4,597 $12,728 $17,325   $-4,886 $4,597 $-289
Custom         $4597 $12728 $17325   $-4886 $4597 $-289




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1284,9251,4443761,0683761,0681,444
2284,5491,4443771,0677522,1362,888
3284,1731,4443781,0661,1313,2014,332
4283,7941,4443801,0641,5114,2655,776
5283,4141,4443811,0631,8925,3287,220
6283,0331,4443831,0612,2746,3908,664
7282,6511,4443841,0602,6587,45010,108
8282,2671,4443861,0583,0448,50811,552
9281,8811,4443871,0573,4319,56512,996
10281,4941,4443881,0563,81910,62114,440
11281,1061,4443901,0544,20911,67515,884
12280,7161,4443911,0534,60012,72817,328
13280,3251,4443931,0514,99313,77918,772

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Listing Agent: Janet Navarro
Listing Office: GMS Realty Group, LLC
627 N York St Elmhurst

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