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2 Flat 2928 Polk East Garfield Park Chicago IL Mu

City: CHICAGO ZIP: 60612

Built In: 1888

Lot Size: Less Than .25 Acre

Lot Dimensions: 23X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1009

Unit 2 Floor 2: 3 bedrooms 1 baths $929

Detailed Listing Description

Best deal in all of Chicago. Beautiful Brick 2-Flat! This property was recently renovated and stabilized with great tenants! Investors Dream or sound investment for owner occupant. Well maintained and will even pass FHA. Two-Units: 2bed/1bath and 3bed/1 Bath. Great location that's conveniently located close to 290. Seller is willing to help with closing costs for the right offer. Nothing to do but move in. Hurry this one won't last long! Schedule a showing today.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
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: 60612

Listings in this Zip Code average: 2 to 3 units, and are priced at $326,800 to $381,361
This listing is 39% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - East Garfield Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $163,212 to $277,575
This listing is 22% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $23,256 Monthly $1,938
Rental Income Stabilized : Annual $32,376 Monthly $2,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$199,9002$99,9507.06%8.601.35%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,938$2,698
Year Total$23,256$32,376
Expense
Total$9,146$9,146
Net Operating Income$14,110$23,230
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2419 $6698 $9117 $760
Total         $2,419 $6,698 $9,117   $4,993 $2,419 $7,412
Stabilized         $2,419 $6,698 $9,117   $14,113 $2,419 $16,532
Custom         $2419 $6698 $9117   $14113 $2419 $16532




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1149,925760198562198562760
2149,7277601995613961,1241,520
3149,5297601995615961,6842,280
4149,3297602005607962,2443,040
5149,1297602015599962,8043,800
6148,9297602025581,1983,3624,560
7148,7277602025581,4003,9205,320
8148,5257602035571,6034,4776,080
9148,3227602045561,8075,0336,840
10148,1187602055552,0125,5887,600
11147,9137602055552,2176,1438,360
12147,7087602065542,4236,6979,120
13147,5027602075532,6307,2509,880

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Listing Agent: Alejandro Colin Ramirez
Listing Office: RE/MAX Professionals
Bolingbrook

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.