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2 Flat 2426 Hamlin Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: U

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 5 bedrooms 2 baths $0

Detailed Listing Description

Huge two flat with Duplex up and potential for a duplex down. Over 3600 sq ft. total. Top two floors are 5 bed 2 bath duplex with in-unit laundry. 1st floor is a 3 bed one bath. Basement was dug out, with new steel beam, drain tile, sump pump, insulation, drywall and roughed out 4th bath. New high efficiency furnaces, new enclosed back stairs and front porch, roof, windows, drywall, insulation, new high-end appliances and 2 washer/dryers. There is a parking pad for 3 cars and a cute back yard.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipN/A
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
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,
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 16% more than other 2 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 12% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $17,990 Monthly $1,499
Rental Income Stabilized : Annual $22,488 Monthly $1,874
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,0002$299,5000.98%33.300.31%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,499$1,874
Year Total$17,990$22,488
Expense
Total$12,128$12,128
Net Operating Income$5,862$10,360
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7248 $20068 $27316 $2277
Total         $7,248 $20,068 $27,316   $-21,454 $7,248 $-14,206
Stabilized         $7,248 $20,068 $27,316   $-16,956 $7,248 $-9,708
Custom         $7248 $20068 $27316   $-16956 $7248 $-9708




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,2502,2775921,6855921,6852,277
2448,6582,2775951,6821,1873,3674,554
3448,0632,2775971,6801,7845,0476,831
4447,4662,2775991,6782,3836,7259,108
5446,8672,2776011,6762,9848,40111,385
6446,2662,2776041,6733,58710,07513,662
7445,6632,2776061,6714,19311,74615,939
8445,0572,2776081,6694,80113,41518,216
9444,4492,2776101,6675,41115,08220,493
10443,8392,2776131,6646,02416,74622,770
11443,2262,2776151,6626,63918,40825,047
12442,6112,2776171,6607,25620,06827,324
13441,9942,2776201,6577,87621,72529,601

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Listing Agent: Melissa Stanley
Listing Office: Niche Realty LLC
3804 W. Wrightwood Chicago

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