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2 Flat 538 St Louis Humboldt Park Chicago IL Mu I

City: CHICAGO ZIP: 60624

Built In: 1924

Lot Size: Less Than .25 Acre

Lot Dimensions: 45 X 145

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $1200

Detailed Listing Description

INVESTOR ALERT - HOT HUMBOLDT PARK BRICK 2-FLAT BRICK BUILDING WITH EXTRA LOT INCLUDED IN PRICE. FULLY REHABBED IN 2017. 1ST FLOOR UNIT FEATURES 2 BEDROOMS, SEPARATE LIVING ROOM & DINING ROOM, HARDWOOD FLOORS, KITCHEN W/OAK CABINETS , SS STEEL APPLIANCES & WALK IN PANTRY, MARBLE BATHROOM, 2ND FLOOR UNIT FEATURES 3 BEDROOMS, LARGE LIVING ROOM, HARDWOOD FLOORS, KITCHEN W/OAK CABINETS , SS STEEL APPLIANCES & WALK IN PANTRY, MARBLE BATHROOM. ENCLOSED PORCH & BIG FENCED BACK YARD. FULL UNFINISHED BASEMENT, NEW SIDING ON BACK OF PROPERTY. BUILD YOUR OWN GARAGE. SEPARATE ELECTRIC METERS. PROPERTY IN GREAT CONDITION BUT TO BE SOLD IN "AS-IS" CONDITION. BRING YOUR IDEAS THIS IS A MONEY MAKER. "A qualified First Time Home Buyer may be entitled to a $15,000 Grant when purchasing this property."

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Sewer, Water,
  • Tenant Pays Unit 2Electric, Gas, Sewer, Water,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Window Air Conditioner, Range Hood, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Window Air Conditioner, Range Hood, Hardwood Floors,
Schools
  • Grade SchoolLAURA WARD ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolORR COMMUNITY ACADEMY HIGH SCHOO
  • 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 84% more than other 2 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 7% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $25,140 Monthly $2,095
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$239,9002$119,9506.89%9.090.87%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$2,095
Year Total$26,400$25,140
Expense
Total$9,881$9,881
Net Operating Income$16,519$15,259
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2903 $8038 $10941 $912
Total         $2,903 $8,038 $10,941   $5,578 $2,903 $8,481
Stabilized         $2,903 $8,038 $10,941   $4,318 $2,903 $7,221
Custom         $2903 $8038 $10941   $4318 $2903 $7221




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1179,925912237675237675912
2179,6889122386744751,3491,824
3179,4509122396737152,0212,736
4179,2109122406729542,6943,648
5178,9719122416711,1953,3654,560
6178,7309122426701,4374,0355,472
7178,4889122436691,6804,7046,384
8178,2459122446681,9235,3737,296
9178,0029122446682,1686,0408,208
10177,7579122456672,4136,7079,120
11177,5129122466662,6607,37210,032
12177,2659122476652,9078,03710,944
13177,0189122486643,1558,70111,856

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Listing Agent: Katarzyna Kaminska
Listing Office: Redco, Inc.
716 Prescott Dr. #203 Roselle

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