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2 Flat 2135 Chicago Chi West Town Chicago IL Mu

City: CHICAGO ZIP: 60622

Built In: 1891

Lot Size: Standard Chicago Lot

Lot Dimensions: 24 X 120

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1200

Unit 2 Floor 2: 4 bedrooms 1 baths $OWN

Gross Income $14,400

Detailed Listing Description

Mixed Used Property Located in the heart of Ukrainian Village. 1st Floor currently used and rented as hair studio Salon. 2nd floor is a 4 bedroom apartment. 2 parking spots in the rear. Property is Surrounded by great Shopping, Public Transportation, and fabulous Restaurants. Property does require work and updating. ZONED C1-2. New Roof in 2017. Building is sold as-is! Walking Distance to Everything. From Marianos, to restaurants, shops, or drive down Chicago Ave. to downtown.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2None,
Schools
  • Grade SchoolMITCHELL ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolWELLS COMMUNITY ACADEMY SENIOR H
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 12% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 0% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $17,496 Monthly $1,458
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,9002$299,9500.74%41.660.24%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$1,458
Year Total$14,400$17,496
Expense
Total$9,936$9,936
Net Operating Income$4,464$7,560
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7259 $20099 $27358 $2280
Total         $7,259 $20,099 $27,358   $-22,894 $7,259 $-15,635
Stabilized         $7,259 $20,099 $27,358   $-19,798 $7,259 $-12,539
Custom         $7259 $20099 $27358   $-19798 $7259 $-12539




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,9252,2805931,6875931,6872,280
2449,3322,2805951,6851,1883,3724,560
3448,7372,2805971,6831,7855,0556,840
4448,1402,2805991,6812,3846,7369,120
5447,5412,2806021,6782,9868,41411,400
6446,9392,2806041,6763,59010,09013,680
7446,3352,2806061,6744,19611,76415,960
8445,7292,2806091,6714,80513,43518,240
9445,1202,2806111,6695,41615,10420,520
10444,5092,2806131,6676,02916,77122,800
11443,8962,2806151,6656,64418,43625,080
12443,2812,2806181,6627,26220,09827,360
13442,6632,2806201,6607,88221,75829,640

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Listing Agent: Sebastian Hernandez
Listing Office: Greater Chicago Real Estate Inc.
5750 W Newport Chicago

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