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2 Flat 711 Meeker Joliet IL Mu Investment

City: JOLIET ZIP: 60432

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 40X125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $550

Unit 2 Floor 2: 1 bedrooms 1 baths $475

Gross Income $12

Detailed Listing Description

Some updates inside and out! Updated baths, siding, and windows. Sold AS IS! Start collecting rent right away, with tenants already in place! Priced to sell.

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 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District86
  • Jr High/Middle School District86
  • High School District204

Comparative Data

Zip Code Comparison: 60432

Listings in this Zip Code average: 2 to 3 units, and are priced at $113,500 to $85,000
This listing is 8% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $12,300 Monthly $1,025
Rental Income Stabilized : Annual $12,300 Monthly $1,025
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$104,9002$52,4503.14%8.530.98%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,025$1,025
Year Total$12,300$12,300
Expense
Total$9,001$9,001
Net Operating Income$3,299$3,299
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1270 $3515 $4785 $399
Total         $1,270 $3,515 $4,785   $-1,486 $1,270 $-216
Stabilized         $1,270 $3,515 $4,785   $-1,486 $1,270 $-216
Custom         $1270 $3515 $4785   $-1486 $1270 $-216




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
178,675399104295104295399
278,571399104295208590798
378,4673991052943138841,197
478,3623991052944181,1781,596
578,2573991062935241,4711,995
678,1513991062936301,7642,394
778,0453991062937362,0572,793
877,9393991072928432,3493,192
977,8323991072929502,6413,591
1077,7253991082911,0572,9333,990
1177,6183991082911,1653,2244,389
1277,5103991082911,2743,5144,788
1377,4013991092901,3823,8055,187

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Listing Agent: Steven Kuyawa
Listing Office: Village Realty, Inc
40 Abbey Ct New Lenox

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