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Price: $469,999

MLS #: 10144684

Status: Active- Price Change

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

Investors
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Previous Listing

Map | 0 of 393

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

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Map

Property Details

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.

Investors

Calculated Rents
Rental Income : Annual $30,132 Monthly $2,511
Rental Income Stabilized : Annual $38,016 Monthly $3,168

Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized

$469,9992$235,0004.03%15.600.67%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 2 Baths 1 Floor 1Tenant Pays:A

Unit 2 :: Beds 3 Baths 1 Floor 2Tenant Pays:A

Monthly Total$2,511$3,168

Year Total$30,132$38,016

Expense

Total$11,179$11,179

Net Operating Income$18,953$26,837

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 $-2,481 $5,687 $3,206

Stabilized $5,687 $15,747 $21,434 $5,403 $5,687 $11,090

Custom $5687 $15747 $21434 $5403 $5687 $11090

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	352,500	1,787	465	1,322	465	1,322	1,787
2	352,035	1,787	467	1,320	932	2,642	3,574
3	351,568	1,787	469	1,318	1,401	3,960	5,361
4	351,099	1,787	470	1,317	1,871	5,277	7,148
5	350,629	1,787	472	1,315	2,343	6,592	8,935
6	350,157	1,787	474	1,313	2,817	7,905	10,722
7	349,683	1,787	476	1,311	3,293	9,216	12,509
8	349,207	1,787	477	1,310	3,770	10,526	14,296
9	348,730	1,787	479	1,308	4,249	11,834	16,083
10	348,251	1,787	481	1,306	4,731	13,139	17,870
11	347,769	1,787	483	1,304	5,213	14,444	19,657
12	347,287	1,787	485	1,302	5,698	15,746	21,444
13	346,802	1,787	486	1,301	6,185	17,046	23,231

Explore Nearby Neighborhoods

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

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