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2 Flat 3125 Davlin Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: 1920

Lot Size: Less Than .25 Acre

Lot Dimensions: 45X140

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $800

Detailed Listing Description

Money maker! Solid brick two flat in red hot Avondale! Same family owned since the 1950's. Both spacious apartments have beautiful refinished hardwood floors, walk in pantry and updated bathrooms. Oversize lot has extra rent income in the carport (perfect for contractors/larger vehicles) and in the oversized 2.5 car heated garage. Garage also has it's own 100 amp panel, welding outlet, underground air and water lines work bench and alarm system. Large fenced yard and new garage roof (2018). Excellent investment opportunity won't last long. SOLD AS-IS

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s), Carport, Heated,
  • 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, Other,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Window Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Window Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 6% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 2% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$450,0002$225,000-1.55%46.880.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$2,933
Year Total$9,600$35,196
Expense
Total$16,584$16,584
Net Operating Income$-6,984$18,612
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5445 $15077 $20522 $1711
Total         $5,445 $15,077 $20,522   $-27,506 $5,445 $-22,061
Stabilized         $5,445 $15,077 $20,522   $-1,910 $5,445 $3,535
Custom         $5445 $15077 $20522   $-1910 $5445 $3535




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1337,5001,7114451,2664451,2661,711
2337,0551,7114471,2648922,5303,422
3336,6081,7114491,2621,3413,7925,133
4336,1591,7114501,2611,7925,0526,844
5335,7081,7114521,2592,2446,3118,555
6335,2561,7114541,2572,6977,56910,266
7334,8031,7114551,2563,1538,82411,977
8334,3471,7114571,2543,61010,07813,688
9333,8901,7114591,2524,06911,33015,399
10333,4311,7114611,2504,53012,58017,110
11332,9701,7114621,2494,99213,82918,821
12332,5081,7114641,2475,45615,07620,532
13332,0441,7114661,2455,92216,32122,243

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Listing Agent: Rob Corsello
Listing Office: Berkshire Hathaway HomeServices Starck Real Estate
440 Melrose Lane Crystal Lake

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