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636 Ridgeway

City: CHICAGO ZIP: 60624

Built In: 2008

Lot Size: A

Lot Dimensions: 26X121

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $1200

Unit 2 Floor 2: 3 bedrooms 2 baths $1200

Unit 3 Floor 3: 3 bedrooms 2 baths $1200

Gross Income $43,200

Net Op. Income $37,768

Detailed Listing Description

AWESOME INVESTMENT OPPORTUNITY! Newer Construction Brick 3-flat in hot Humboldt Park. All 3 units have 3 bedrooms W/ 2 baths, updated kitchens, master bedroom w/ bath, separate furnaces with AC and seperate hot water heaters. Also, newer deck & carport with sliding privacy gate.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 48% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 12% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $43,200 Monthly $3,600
Rental Income Stabilized : Annual $43,800 Monthly $3,650
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$272,0003$90,6678.69%6.301.34%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,600$3,650
Year Total$43,200$43,800
Expense
Total$19,561$19,561
Net Operating Income$23,639$24,239
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3291 $9113 $12404 $1034
Total         $3,291 $9,113 $12,404   $11,235 $3,291 $14,526
Stabilized         $3,291 $9,113 $12,404   $11,835 $3,291 $15,126
Custom         $3291 $9113 $12404   $11835 $3291 $15126




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1204,0001,0342697652697651,034
2203,7311,0342707645391,5292,068
3203,4611,0342717638102,2923,102
4203,1901,0342727621,0823,0544,136
5202,9181,0342737611,3553,8155,170
6202,6451,0342747601,6294,5756,204
7202,3711,0342757591,9045,3347,238
8202,0961,0342767582,1806,0928,272
9201,8201,0342777572,4586,8489,306
10201,5421,0342787562,7367,60410,340
11201,2641,0342797553,0158,35911,374
12200,9851,0342807543,2959,11312,408
13200,7051,0342817533,5779,86513,442

Explore Nearby Neighborhoods

AvondaleNearby Neighborhoods X Plus Real Estate

Avondale

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

Listing Agent: Luis Saldana
Listing Office: Forte Chicago Inc.
3101 W. Armitage Chicago

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