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2 Flat 5036 Ridgeway Chi Albany Park Chicago IL

City: CHICAGO ZIP: 60625

Built In: U

Lot Size: Standard Chicago Lot

Lot Dimensions: 30X124

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $14,400

Detailed Listing Description

Beautiful oversized blond brick 2 flat features hardwood floors throughout, huge living room, dining room which leads to sun room with french doors, 2 large bedrooms and 1.1 baths on each floor. The building maintains beautiful architectural details including leaded windows, light fixtures and arched plaster entry ways. Rooms have been freshly painted. Basement is partially finished with 1/2 bath. There is a pretty yard which leads to 2 car garage. Garage is accessed through the alley. The driveway in the picture belongs to the neighbor. First floor has been occupied by the owner for many years and is now vacant. Second floor tenant will be moving by 1/31/19. Great location - walk to Park at the end of block, shopping and transportation.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(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 1None,
  • Tenant Pays Unit 2Electric,
Appliances
  • Appliances Unit 1Stove, Hardwood Floors,
  • Appliances Unit 2Stove, Hardwood Floors,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 15% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 17% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $34,860 Monthly $2,905
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$448,0002$224,0000.79%31.110.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$2,905
Year Total$14,400$34,860
Expense
Total$10,874$10,874
Net Operating Income$3,526$23,986
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5421 $15010 $20431 $1703
Total         $5,421 $15,010 $20,431   $-16,905 $5,421 $-11,484
Stabilized         $5,421 $15,010 $20,431   $3,555 $5,421 $8,976
Custom         $5421 $15010 $20431   $3555 $5421 $8976




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1336,0001,7034431,2604431,2601,703
2335,5571,7034451,2588882,5183,406
3335,1121,7034461,2571,3343,7755,109
4334,6661,7034481,2551,7825,0306,812
5334,2181,7034501,2532,2326,2838,515
6333,7681,7034511,2522,6837,53510,218
7333,3171,7034531,2503,1368,78511,921
8332,8641,7034551,2483,59110,03313,624
9332,4091,7034561,2474,04711,28015,327
10331,9531,7034581,2454,50612,52417,030
11331,4941,7034601,2434,96513,76818,733
12331,0351,7034621,2415,42715,00920,436
13330,5731,7034631,2405,89016,24922,139

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Listing Agent: Jan Kupiec
Listing Office: Baird & Warner
6901 North Mendota Chicago

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