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2 Flat 2327 Ridgeway Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1910

Lot Size: L

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $OWN

Unit 2 Floor 2: 3 bedrooms 1 baths $1200

Detailed Listing Description

UPDATED 2 UNITS IN WEST LOGAN SQUARE AREA. LOTS OF WORK DONE IN THIS HOME. FIRST FLOOR WAS REMODELED IN 2006 WITH NEW WALLS,CEILINGS(APROX.9' HIGH), NEW ELECT. WITH NEW LIGHT FIXTURES.NEW KITCHEN WITH CABINETS, CORNER SINK, CORIAN COUNTER TOPS, REFINISHED HARDWOOD FLOORS. NEW HEATING UNIT IN FIRST FL ,2017 2ND. FLOOR HAS THREE BEDROOMS. COME AND SEE! BRING YOUR CLIENTS, WON'T BE DISSAPOINTED. MAKE AN OFFER. ADD. PARKING SPACE NEXT TO GARAGE. PORCHES WERE INSULATED AND DRYWALLED IN 2015. SECOND FLOOR HARWOOD FLOORS WERE REFINISHED IN 2017 / CERAMIC TILES INSTALLED IN KITCHEN / BATH. ROOF TEAROFF IN 2001 COMPLETE WITH NEW PLYWOOD.NEW WINDOWS IN 1999. ELECT UPDATED IN 2002. IRON FENCE INSTALLED IN 2004

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
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 9% 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 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $29,520 Monthly $2,460
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$469,9992$235,0003.91%15.920.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,460$3,168
Year Total$29,520$38,016
Expense
Total$11,149$11,149
Net Operating Income$18,371$26,867
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5687 $15747 $21434 $1787
Total         $5,687 $15,747 $21,434   $-3,063 $5,687 $2,624
Stabilized         $5,687 $15,747 $21,434   $5,433 $5,687 $11,120
Custom         $5687 $15747 $21434   $5433 $5687 $11120




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1352,5001,7874651,3224651,3221,787
2352,0351,7874671,3209322,6423,574
3351,5681,7874691,3181,4013,9605,361
4351,0991,7874701,3171,8715,2777,148
5350,6291,7874721,3152,3436,5928,935
6350,1571,7874741,3132,8177,90510,722
7349,6831,7874761,3113,2939,21612,509
8349,2071,7874771,3103,77010,52614,296
9348,7301,7874791,3084,24911,83416,083
10348,2511,7874811,3064,73113,13917,870
11347,7691,7874831,3045,21314,44419,657
12347,2871,7874851,3025,69815,74621,444
13346,8021,7874861,3016,18517,04623,231

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Listing Agent: Ramon Alicea
Listing Office: Golden Key Realty
3706 W Fullerton Ave Chicago

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