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2 Flat 4830 Barry Belmont Cragin Chicago IL Mu In

City: CHICAGO ZIP: 60641

Built In: 1916

Lot Size: Less Than .25 Acre

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Click the virtual tour link for a 3D tour of the property. Difficult to find a building this large. Classic Chicago, red brick 2 flat with almost 1500 square feet per unit each with 3 bedrooms and 1 bath. Brick 2 car garage. Functional layout includes huge walk-in pantry in each kitchen. Upstairs unit has enclosed balcony at the front of the building off the 3rd bedroom. Hardwood flooring throughout and underneath the carpeting in the 1st floor unit and the vinyl sheet flooring in the kitchen of each unit. Solid rear porch provides access to each unit along with opportunity for ample storage. First floor has staircase to unfinished basement for a potential duplex. Needs updating throughout but seems to be built well and will be a phenomenal finished product once rehabbed. Fantastic investment property or multi-family home for the right owner. Sold as-is

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • 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 SchoolFALCONER ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolKELVYN PARK HIGH SCHOOL
  • Jr High/Middle School District299
  • High SchoolFOREMAN HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 7% 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 18% 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 $13,277 Monthly $1,106
Rental Income Stabilized : Annual $16,596 Monthly $1,383
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$349,9002$174,9500.55%26.350.40%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,106$1,383
Year Total$13,277$16,596
Expense
Total$11,351$11,351
Net Operating Income$1,926$5,245
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4234 $11723 $15957 $1330
Total         $4,234 $11,723 $15,957   $-14,031 $4,234 $-9,797
Stabilized         $4,234 $11,723 $15,957   $-10,712 $4,234 $-6,478
Custom         $4234 $11723 $15957   $-10712 $4234 $-6478




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1262,4251,3303469843469841,330
2262,0791,3303479836931,9672,660
3261,7321,3303499811,0422,9483,990
4261,3831,3303509801,3913,9295,320
5261,0341,3303519791,7434,9076,650
6260,6821,3303529782,0955,8857,980
7260,3301,3303549762,4496,8619,310
8259,9761,3303559752,8047,83610,640
9259,6211,3303569743,1608,81011,970
10259,2651,3303589723,5189,78213,300
11258,9071,3303599713,87710,75314,630
12258,5481,3303609704,23811,72215,960
13258,1871,3303629684,59912,69117,290

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Listing Agent: Benjamin Tregoning
Listing Office: Coldwell Banker Residential
6818 N Lexington Lane Niles

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