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2 Flat 2327 Ridgeway Chi Logan Square Chicago I

City: CHICAGO ZIP: 60647

Built In: 1910

Lot Size: Standard Chicago Lot

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 SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces1
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2None,
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 7% 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 11% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $29,652 Monthly $2,471
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$479,9992$240,0004.04%16.190.66%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,471$3,168
Year Total$29,652$38,016
Expense
Total$10,255$10,255
Net Operating Income$19,397$27,761
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5808 $16082 $21890 $1825
Total         $5,808 $16,082 $21,890   $-2,493 $5,808 $3,315
Stabilized         $5,808 $16,082 $21,890   $5,871 $5,808 $11,679
Custom         $5808 $16082 $21890   $5871 $5808 $11679




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1360,0001,8254751,3504751,3501,825
2359,5251,8254771,3489522,6983,650
3359,0481,8254791,3461,4304,0455,475
4358,5701,8254801,3451,9115,3897,300
5358,0891,8254821,3432,3936,7329,125
6357,6071,8254841,3412,8778,07310,950
7357,1231,8254861,3393,3639,41212,775
8356,6371,8254881,3373,85010,75014,600
9356,1501,8254891,3364,34012,08516,425
10355,6601,8254911,3344,83113,41918,250
11355,1691,8254931,3325,32414,75120,075
12354,6761,8254951,3305,81916,08121,900
13354,1811,8254971,3286,31617,40923,725

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

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