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2 Flat 2171 Austin Belmont Cragin Chicago IL Mu I

City: CHICAGO ZIP: 60639

Built In: 1955

Lot Size: A

Lot Dimensions: 45 X 125 X 13 X 129

Lot Description: H,L

# 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 SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 18% 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 23% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $24,060 Monthly $2,005
Rental Income Stabilized : Annual $29,508 Monthly $2,459
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$230,0002$115,0005.19%9.561.07%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,005$2,459
Year Total$24,060$29,508
Expense
Total$12,134$12,134
Net Operating Income$11,926$17,374
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2783 $7706 $10489 $875
Total         $2,783 $7,706 $10,489   $1,437 $2,783 $4,220
Stabilized         $2,783 $7,706 $10,489   $6,885 $2,783 $9,668
Custom         $2783 $7706 $10489   $6885 $2783 $9668




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1172,500875228647228647875
2172,2728752296464571,2931,750
3172,0438752306456871,9382,625
4171,8138752316449182,5823,500
5171,5828752326431,1493,2264,375
6171,3518752326431,3823,8685,250
7171,1188752336421,6154,5106,125
8170,8858752346411,8495,1517,000
9170,6518752356402,0845,7917,875
10170,4168752366392,3206,4308,750
11170,1808752376382,5577,0689,625
12169,9438752386372,7957,70510,500
13169,7058752396363,0338,34211,375

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

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