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2 Flat 4308 Iowa Humboldt Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60651

Built In: 1922

Lot Size: A

Lot Dimensions: 3780 SQ FT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Woaw... rare to see in the area huge two unit property with 3 bedrooms on each floor ~ Hard wood floors on both 1st and 2nd units ~ New kitchens with stainless steel appliances, new bathrooms ~ New electric system, new plumbing with efficient furnaces that don't need chimney ~ New AC compressors ~ Brand new garage for 2 cars ~ Huge basement for your enjoyment ~ COME SEE FOR YOUR SELF

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F
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 74% 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 50% 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 $25,325 Monthly $2,110
Rental Income Stabilized : Annual $31,656 Monthly $2,638
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$337,0002$168,5003.39%13.310.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,110$2,638
Year Total$25,325$31,656
Expense
Total$13,905$13,905
Net Operating Income$11,420$17,751
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4078 $11291 $15369 $1281
Total         $4,078 $11,291 $15,369   $-3,949 $4,078 $129
Stabilized         $4,078 $11,291 $15,369   $2,382 $4,078 $6,460
Custom         $4078 $11291 $15369   $2382 $4078 $6460




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1252,7501,2813339483339481,281
2252,4171,2813349476681,8942,562
3252,0821,2813369451,0032,8403,843
4251,7471,2813379441,3403,7845,124
5251,4101,2813389431,6784,7276,405
6251,0721,2813399422,0185,6687,686
7250,7321,2813419402,3596,6088,967
8250,3911,2813429392,7017,54710,248
9250,0491,2813439383,0448,48511,529
10249,7061,2813459363,3899,42112,810
11249,3611,2813469353,73510,35614,091
12249,0151,2813479344,08211,29015,372
13248,6681,2813489334,43012,22316,653

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Listing Agent: Osbaldo Perez
Listing Office: Century 21 Action!
5916 W. Fullerton Ave AP 2F Chicago

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