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2 Flat 2215 Rice Chi West Town Chicago IL Mu In

City: CHICAGO ZIP: 60622

Built In: 1905

Lot Size: Less Than .25 Acre

Lot Dimensions: 30X126

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1600

Unit 2 Floor 2: 3 bedrooms 1 baths $2000

Gross Income $52,800

Net Op. Income $45,669

Detailed Listing Description

Fantastic opportunity to own in the Historic District of Ukrainian Village. Well maintained Vintage 2 flat with Garden unit. Owner occupied dream home has duplex down opportunity plus rental income. A one bedroom, one bath in-law unit is located on the lower level. Plug and play investment in an established area. Great add into any portfolio. Original woodwork and historic detail throughout. New roof. Schedule your visit today!

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
Utilities
  • Tenant Pays Unit 1Gas,
  • Tenant Pays Unit 2Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Window Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Garage/Space, Hardwood Floors,
Schools
  • Grade SchoolCHOPIN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolCLEMENTE COMMUNITY ACADEMY SENIO
  • 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 29% 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $43,200 Monthly $3,600
Rental Income Stabilized : Annual $44,580 Monthly $3,715
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$689,9002$344,9503.30%15.970.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,600$3,715
Year Total$43,200$44,580
Expense
Total$20,462$20,462
Net Operating Income$22,738$24,118
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8348 $23114 $31462 $2622
Total         $8,348 $23,114 $31,462   $-8,724 $8,348 $-376
Stabilized         $8,348 $23,114 $31,462   $-7,344 $8,348 $1,004
Custom         $8348 $23114 $31462   $-7344 $8348 $1004




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1517,4252,6226821,9406821,9402,622
2516,7432,6226841,9381,3663,8785,244
3516,0592,6226871,9352,0535,8137,866
4515,3722,6226891,9332,7427,74610,488
5514,6832,6226921,9303,4349,67613,110
6513,9912,6226951,9274,12811,60415,732
7513,2972,6226971,9254,82613,52818,354
8512,5992,6227001,9225,52515,45120,976
9511,9002,6227021,9206,22817,37023,598
10511,1972,6227051,9176,93319,28726,220
11510,4922,6227081,9147,64021,20228,842
12509,7852,6227101,9128,35123,11331,464
13509,0742,6227131,9099,06425,02234,086

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Listing Agent: Michael Linden
Listing Office: Redfin Corporation
3930 N. Pine Grove #516 Chicago

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