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2 Flat 1049 Massasoit Austin Chicago IL Mu Invest

City: CHICAGO ZIP: 60651

Built In: 1915

Lot Size: Standard Chicago Lot

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $900

Detailed Listing Description

Looking for a great investment property you could either live in or just use as a source of income? Look no more! This beautiful brick 2 Flat building is waiting just for you. Each unit features 2 bedrooms and 1 bath in each, hardwood floors throughout, large living room, separate spacious dining room, large kitchen with ceramic tile and updated appliances, as a bonus there is an in-law suite that offers 2 bedrooms with a full bath on the lower level. Newly built 2 car garage with a covered patio with a decent size back yard space. 1st floor is vacant, 2nd floor is occupied on a month to month lease. Schedule your private showings today!

Additional Property Details

Garage & Parking
  • 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 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 24% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Austin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $173,150 to $193,648
This listing is 38% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $25,320 Monthly $2,110
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$239,0002$119,500-0.45%22.130.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$2,110
Year Total$10,800$25,320
Expense
Total$11,864$11,864
Net Operating Income$-1,064$13,456
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2892 $8008 $10900 $909
Total         $2,892 $8,008 $10,900   $-11,964 $2,892 $-9,072
Stabilized         $2,892 $8,008 $10,900   $2,556 $2,892 $5,448
Custom         $2892 $8008 $10900   $2556 $2892 $5448




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1179,250909237672237672909
2179,0139092386714751,3431,818
3178,7759092396707132,0142,727
4178,5379092396709532,6833,636
5178,2979092406691,1933,3524,545
6178,0579092416681,4344,0205,454
7177,8169092426671,6764,6876,363
8177,5749092436661,9205,3527,272
9177,3309092446652,1646,0178,181
10177,0869092456642,4086,6829,090
11176,8429092466632,6547,3459,999
12176,5969092476622,9018,00710,908
13176,3499092486613,1498,66811,817

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Listing Agent: Elijah Reese
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
4421 South Berkeley Ave Chicago

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