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2 Flat 2923 Whipple Chi Avondale Chicago IL Mu

City: CHICAGO ZIP: 60618

Built In: 1897

Lot Size: Less Than .25 Acre

Lot Dimensions: 37.5 X 125.5

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $OWN

Unit 2 Floor 2: 3 bedrooms 1 baths $600

Detailed Listing Description

GREAT OPPORTUNITY TO OWN A SOLID BRICK 2 FLAT IN AVONDALE/LOGAN SQUARE NEIGHBORHOOD. IDEAL FOR AN INVESTOR OR OWNER OCCUPANT WILLING TO DO SOME UPDATING TO COMPLEMENT THE VINTAGE CHARM OF THE HOME. FIRST FLOOR UNIT HAS 2 BED/1 BATH WITH FINISHED BASEMENT WITH ADDITIONAL BEDROOM AND A FULL BATHROOM. SECOND FLOOR UNIT HAS 3 BED/1 BATH. 2 CAR GARAGE WITH A SPACIOUS BACKYARD ON AN OVERSIZED LOT. GREAT LOCATION, CLOSE TO EXPRESSWAYS, TRANSPORTATION, RESTAURANTS AND SHOPPING. ESTATE SALE, SOLD AS-IS.

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,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade SchoolLogandale Middle School
  • Grade School District299
  • Jr High/Middle SchoolLogandale Middle School
  • 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 23% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 16% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,600 Monthly $2,800
Rental Income Stabilized : Annual $43,176 Monthly $3,598
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$370,0002$185,0004.96%11.010.97%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,800$3,598
Year Total$33,600$43,176
Expense
Total$15,239$15,239
Net Operating Income$18,361$27,937
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4477 $12396 $16873 $1407
Total         $4,477 $12,396 $16,873   $1,488 $4,477 $5,965
Stabilized         $4,477 $12,396 $16,873   $11,064 $4,477 $15,541
Custom         $4477 $12396 $16873   $11064 $4477 $15541




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1277,5001,4073661,0413661,0411,407
2277,1341,4073681,0397342,0802,814
3276,7661,4073691,0381,1033,1184,221
4276,3971,4073711,0361,4744,1545,628
5276,0261,4073721,0351,8465,1897,035
6275,6541,4073731,0342,2196,2238,442
7275,2811,4073751,0322,5947,2559,849
8274,9061,4073761,0312,9708,28611,256
9274,5301,4073781,0293,3479,31612,663
10274,1531,4073791,0283,72610,34414,070
11273,7741,4073801,0274,10711,37015,477
12273,3931,4073821,0254,48812,39616,884
13273,0121,4073831,0244,87213,41918,291

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Listing Agent: Raissa Alandy
Listing Office: United Real Estate - Chicago
18 W 168 Standish Lane Oak Brook Terrace

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