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2 Flat 3241 Warner Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1921

Lot Size: Less Than .25 Acre

Lot Dimensions: 37.5' X 125'

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Fantastic opportunity with vintage details! This multi-family unit sits on an extra-wide lot (37.5 ft) and has so much potential. Two units in the building with 6 bedrooms and 3 baths total. Each floor has 3 bedrooms, 1 bath. Full-finished basement with bathroom, mechanical room, and laundry room. Kitchens on both first and second floor. Second floor kitchen has stainless steel appliances. Back deck and stairway for upper and lower units with backyard space for entertaining. Location near Irving Park Road restaurants and Horner Park on a treelined street. Two exterior parking spots on parking pad at the rear of property. Sold "as is."

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Fireplace-Wood, Hardwood Floors,
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 17% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 7% 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 $34,214 Monthly $2,851
Rental Income Stabilized : Annual $42,768 Monthly $3,564
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$400,0002$200,0004.30%11.690.89%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,851$3,564
Year Total$34,214$42,768
Expense
Total$17,021$17,021
Net Operating Income$17,193$25,747
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4840 $13401 $18241 $1521
Total         $4,840 $13,401 $18,241   $-1,048 $4,840 $3,792
Stabilized         $4,840 $13,401 $18,241   $7,506 $4,840 $12,346
Custom         $4840 $13401 $18241   $7506 $4840 $12346




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1300,0001,5213961,1253961,1251,521
2299,6041,5213971,1247932,2493,042
3299,2071,5213991,1221,1923,3714,563
4298,8081,5214001,1211,5934,4916,084
5298,4071,5214021,1191,9955,6107,605
6298,0051,5214031,1182,3986,7289,126
7297,6021,5214051,1162,8037,84410,647
8297,1971,5214071,1143,2108,95812,168
9296,7901,5214081,1133,61810,07113,689
10296,3821,5214101,1114,02711,18315,210
11295,9731,5214111,1104,43912,29216,731
12295,5611,5214131,1084,85113,40118,252
13295,1491,5214141,1075,26514,50819,773

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Listing Agent: Tommy Choi
Listing Office: Keller Williams Chicago-Lincoln Park
3707 N Greenview Ave. Chicago

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