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2 Flat 1616 Mannheim Westchester IL Mu Investment

City: WESTCHESTER ZIP: 60154

Built In: 1965

Lot Size: Less Than .25 Acre

Lot Dimensions: 50X105

# of Units: 2

Unit 1 Floor 1: 5 bedrooms 2 baths $2800

Unit 2 Floor 2: 3 bedrooms 1 baths $1850

Detailed Listing Description

Rare, 2-unit with finished 2 BR in-law garden unit with laundry room renovated in 2016. Stainless appliances. New roof 2016, plumbing/overhead sewer and electric '15-'16, boilers and water heaters 2015, hardwoods refinished 2015. Overhead sewer installed 2015. Washer/dryer sets (3) on each floor. Property will be vacant upon closing. Buyer responsible for determining their own market rents. Buy as investment at a double-digit cap rate or move-in with 3% down and have rents pay most of your mortgage. A licensed loan officer will be there to help pre-qualify you.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces5
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Window Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Window Air Conditioner, Hardwood Floors,
Schools
  • Grade School District92.5
  • Jr High/Middle School District92.5
  • High School District209

Comparative Data

Zip Code Comparison: 60154

Listings in this Zip Code average: 4 units,


Calculated Rents
Rental Income : Annual $55,800 Monthly $4,650
Rental Income Stabilized : Annual $55,800 Monthly $4,650
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$359,0002$179,50010.40%6.431.30%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,650$4,650
Year Total$55,800$55,800
Expense
Total$18,480$18,480
Net Operating Income$37,320$37,320
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4344 $12028 $16372 $1365
Total         $4,344 $12,028 $16,372   $20,948 $4,344 $25,292
Stabilized         $4,344 $12,028 $16,372   $20,948 $4,344 $25,292
Custom         $4344 $12028 $16372   $20948 $4344 $25292




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1269,2501,3653551,0103551,0101,365
2268,8951,3653571,0087122,0182,730
3268,5381,3653581,0071,0703,0254,095
4268,1801,3653591,0061,4294,0315,460
5267,8211,3653611,0041,7905,0356,825
6267,4601,3653621,0032,1526,0388,190
7267,0981,3653631,0022,5157,0409,555
8266,7351,3653651,0002,8808,04010,920
9266,3701,3653669993,2469,03912,285
10266,0041,3653679983,61410,03613,650
11265,6361,3653699963,98311,03215,015
12265,2671,3653709954,35312,02716,380
13264,8971,3653729934,72413,02117,745

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Listing Agent: John Bohnen
Listing Office: County Line Properties, Inc.
108 S Washington St Hinsdale

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