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4 Flat 2959 Springfield Chi Avondale Chicago IL

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30X125

Lot Description: Corner,

# of Units: 4

Unit 1 Floor 1: 0 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 3 bedrooms 1 baths $1491

Unit 4 Floor 2: 2 bedrooms 1 baths $1300

Detailed Listing Description

All brick 4 unit in Avondale on 30' lot, perfect for owner occupant or an investment portfolio! Building is on a corner lot with brick 2 car garage. Includes giant storefront studio with 11' ceiling and 9' windows. 1st rear unit is a rehabbed 2 bed with quartz countertops, eat-in kitchen, refinished hardwood floors, in-unit W/D. All units include large bedroom sizes, SS appliances, dishwashers and more. Laundry in basement, new radiator, updated windows, and built out storage rooms in basement. Broker owned.

Additional Property Details

Garage & Parking
  • 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,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Tenant Pays Unit 4Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave,
  • Appliances Unit 4Stove, Refrigerator, Dishwasher, Microwave,
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 5% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 16% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,492 Monthly $2,791
Rental Income Stabilized : Annual $55,668 Monthly $4,639
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$775,0004$193,7501.82%23.140.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,791$4,639
Year Total$33,492$55,668
Expense
Total$19,412$19,412
Net Operating Income$14,080$36,256
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9377 $25965 $35342 $2946
Total         $9,377 $25,965 $35,342   $-21,262 $9,377 $-11,885
Stabilized         $9,377 $25,965 $35,342   $914 $9,377 $10,291
Custom         $9377 $25965 $35342   $914 $9377 $10291




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1581,2502,9467662,1807662,1802,946
2580,4842,9467692,1771,5354,3575,892
3579,7152,9467722,1742,3086,5308,838
4578,9422,9467752,1713,0838,70111,784
5578,1672,9467782,1683,86010,87014,730
6577,3902,9467812,1654,64113,03517,676
7576,6092,9467842,1625,42515,19720,622
8575,8252,9467872,1596,21217,35623,568
9575,0382,9467902,1567,00119,51326,514
10574,2492,9467932,1537,79421,66629,460
11573,4562,9467962,1508,58923,81732,406
12572,6612,9467992,1479,38825,96435,352
13571,8622,9468022,14410,18928,10938,298

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Listing Agent: Lucas Blahnik
Listing Office: @properties
1520 N. Damen Ave #A1 Chicago

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