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2 Flat 3320 Warner Chi Irving Park Chicago IL M

City: CHICAGO ZIP: 60618

Built In: 1918

Lot Size: Standard Chicago Lot

Lot Dimensions: 25 X 123.6

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 2 baths $VA

Gross Income $42,600

Net Op. Income $32,600

Detailed Listing Description

MODERN COTTAGE ON CHARMING WARNER STREET IN IRVING PARK! THIS REHABBED 2 FLAT HAS A 3 BEDROOM/2 BATHROOM PLUS DEN OWNER'S UNIT WITH HIGH CEILINGS, GREAT LIGHT AND OPEN WHITE KITCHEN WITH FAMILY ROOM. BRICK PAVER PATIO IN BACK WITH A 2.5 CAR GARAGE AND STORAGE ON TOP. FIRST FLOOR UNIT HAS 3 BEDROOMS/1 BATHROOM WITH SEPARATE DINING ROOM. FULLY REHABBED IN 2009, EACH UNIT HAS CENTRAL HEAT AND THE 2ND FLOOR UNIT HAS AC. CURRENTLY RENTED FOR 1300/MO AND SHOWN ON SECOND SHOWINGS. THIS IS A PERFECT ALTERNATIVE FOR A SINGLE FAMILY BUYER WHO WANTS TO MAXIMIZE THEIR INVESTMENT. TOP FLOOR WAS RENTED FOR 2250/MO, BUILDING GRI IS $42,600/YR SO WORKS WELL AS AN INVESTMENT TOO. CLOSE TO TRANSPORTATION, SHOPPING, 90/94. CERMAK MARKET AROUNG THE CORNER AND MULTIPLE BREWERIES POPPING UP ALONG MONTROSE.

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 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking, Scavenger, Sewer, Water,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 0% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 11% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $38,592 Monthly $3,216
Rental Income Stabilized : Annual $52,260 Monthly $4,355
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$479,0002$239,5005.18%12.410.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,216$4,355
Year Total$38,592$52,260
Expense
Total$13,769$13,769
Net Operating Income$24,823$38,491
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5796 $16048 $21844 $1821
Total         $5,796 $16,048 $21,844   $2,979 $5,796 $8,775
Stabilized         $5,796 $16,048 $21,844   $16,647 $5,796 $22,443
Custom         $5796 $16048 $21844   $16647 $5796 $22443




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1359,2501,8214741,3474741,3471,821
2358,7761,8214761,3459492,6933,642
3358,3011,8214771,3441,4274,0365,463
4357,8231,8214791,3421,9065,3787,284
5357,3441,8214811,3402,3876,7189,105
6356,8631,8214831,3382,8708,05610,926
7356,3801,8214851,3363,3549,39312,747
8355,8961,8214861,3353,84110,72714,568
9355,4091,8214881,3334,32912,06016,389
10354,9211,8214901,3314,81913,39118,210
11354,4311,8214921,3295,31114,72020,031
12353,9391,8214941,3275,80416,04821,852
13353,4461,8214961,3256,30017,37323,673

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Listing Agent: Alishja Ballard
Listing Office: @properties
1776 West Winnemac #304 Chicago

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