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2 Flat 2171 Austin Belmont Cragin Chicago IL Mu I

City: CHICAGO ZIP: 60639

Built In: 1955

Lot Size: Less Than .25 Acre

Lot Dimensions: 45 X 125 X 13 X 129

Lot Description: Fenced Yard, Irregular,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $850

Unit 2 Floor 2: 3 bedrooms 1 baths $OWNE

Detailed Listing Description

Great investment opportunity knocks! The 2-flat brick building is located in the Belmont Cragin area. The building features separate utilities, hardwood floors throughout, and W/D area. The ground level unit comprises of two bedrooms, one bath. Three bedrooms, one bath occupies the entire top floor. One car garage with fenced backyard. Great opportunity for an investor or owner occupant looking for an income property. In a family-friendly community, close to buses, shops and schools This is a diamond in the rough.

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces1
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • 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: 60639

Listings in this Zip Code average: 2 to 3 units, and are priced at $280,900 to $319,732
This listing is 0% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Belmont Cragin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $296,819 to $323,553
This listing is 6% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $23,448 Monthly $1,954
Rental Income Stabilized : Annual $29,508 Monthly $2,459
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$280,0002$140,0004.37%11.940.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,954$2,459
Year Total$23,448$29,508
Expense
Total$11,203$11,203
Net Operating Income$12,245$18,305
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3388 $9381 $12769 $1065
Total         $3,388 $9,381 $12,769   $-524 $3,388 $2,864
Stabilized         $3,388 $9,381 $12,769   $5,536 $3,388 $8,924
Custom         $3388 $9381 $12769   $5536 $3388 $8924




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1210,0001,0652787882787881,065
2209,7231,0652797865561,5742,130
3209,4441,0652807858362,3593,195
4209,1641,0652817841,1163,1444,260
5208,8841,0652827831,3983,9275,325
6208,6021,0652837821,6814,7096,390
7208,3191,0652847811,9645,4917,455
8208,0361,0652857802,2496,2718,520
9207,7511,0652867792,5357,0509,585
10207,4651,0652877782,8227,82810,650
11207,1781,0652887773,1108,60511,715
12206,8901,0652897763,4009,38012,780
13206,6001,0652907753,69010,15513,845

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Listing Agent: Giovanni Laverde
Listing Office: Coldwell Banker Residential
10 E Ontario St, 3611 Chicago

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