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2 Flat 3929 Kimball Chi Irving Park Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1908

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $OWNR

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Gross Income $33,600

Net Op. Income $28,800

Detailed Listing Description

Huge 7.5CAP producing investment property in Irving Park. First floor unit has 2 bed/1 bath on the main level along with an upgraded kitchen and hardwood floors. Unit has internal staircase to basement where you'll find a family room and 3rd bedroom. Upstairs unit has comparable upgrades and has the potential to be duplexed up into a large, unfinished attic. Decent sized yard along with a 2 car garage for additional income. All utilities are paid by tenants. Market rents are $1600 for the 3 bed and $1200 for the 2 bedroom. Property is within a mile of Brown Line, Blue Line and 90/94. Show with confidence.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave,
  • 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 22% 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 13% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $30,348 Monthly $2,529
Rental Income Stabilized : Annual $40,236 Monthly $3,353
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,529$3,353
Year Total$30,348$40,236
Net Operating Income$17,242$27,130
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $4536 $12561 $17097 $1425
Total         $4,536 $12,561 $17,097   $145 $4,536 $4,681
Stabilized         $4,536 $12,561 $17,097   $10,033 $4,536 $14,569
Custom         $4536 $12561 $17097   $10033 $4536 $14569

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ted Kuhlmann
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
1001 W. Altgeld #5 Chicago

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