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3 Flat 2541 Cortland Chi Logan Square Chicago I

City: CHICAGO ZIP: 60647

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1750

Unit 2 Floor 2: 1 bedrooms 1 baths $1475

Unit 3 Floor 3: 3 bedrooms 2 baths $2350

Detailed Listing Description

AMAZING a turnkey investment property in thriving West Bucktown area! Featuring 3 legal units. Each unit is currently occupied with great tenants. Each has been renovated and features stainless steel appliances & granite counter tops and modern bathrooms. New hardwood floors add elegance throughout. New Paint & New Floor in the third unit in 2018. The building is in fantastic shape. Steps away from the blue line and shops, bars, restaurants. Walking distance to 606 paths. Perfect for investor or owner occupier.

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, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 21% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 8% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $66,900 Monthly $5,575
Rental Income Stabilized : Annual $74,592 Monthly $6,216
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,0003$249,6676.66%11.200.83%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,575$6,216
Year Total$66,900$74,592
Expense
Total$17,045$17,045
Net Operating Income$49,855$57,547
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9063 $25094 $34157 $2847
Total         $9,063 $25,094 $34,157   $15,698 $9,063 $24,761
Stabilized         $9,063 $25,094 $34,157   $23,390 $9,063 $32,453
Custom         $9063 $25094 $34157   $23390 $9063 $32453




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1561,7502,8477402,1077402,1072,847
2561,0102,8477432,1041,4844,2105,694
3560,2662,8477462,1012,2306,3118,541
4559,5202,8477492,0982,9788,41011,388
5558,7722,8477522,0953,73010,50514,235
6558,0202,8477542,0934,48412,59817,082
7557,2662,8477572,0905,24214,68719,929
8556,5082,8477602,0876,00216,77422,776
9555,7482,8477632,0846,76518,85825,623
10554,9852,8477662,0817,53120,93928,470
11554,2192,8477692,0788,29923,01831,317
12553,4512,8477722,0759,07125,09334,164
13552,6792,8477742,0739,84527,16637,011

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Listing Agent: Junzhou Cui
Listing Office: Citywide Real Estate
222 N Columbus Dr Chicago

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