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3 Flat 2627 Hamlin Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1913

Lot Size: Less Than .25 Acre

Lot Dimensions: 3,500

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $2300

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor 3: 2 bedrooms 1 baths $1100

Gross Income $56

Detailed Listing Description

Investor's delight! Rare find!! Uniquely situated block-end house, SOLID WELL-BUILT BRICK 3-FLAT + GARDEN IN-LAW UNIT with privately fenced backyard and new freestanding 3-car garage + car port/patio. Three-2 bedroom apartments + 1 bedroom garden apartment! Whole house newly refurbished, new windows, new light fixtures, switches & locks with storage spaces for each tenant. Features spacious kitchens, walk-in closets, central air-conditioning & heating, new laundry facilities (coin operated washer & dryer) and enclosed back porches. New hardwood floors on first floor. Low maintenance on the building, all of the capital improvements have been done. Ideal location: Logan Square Area convenient transportation, close to shopping, restaurants, entertainment, etc. Generates a total rental income of: $56,040 (definitely potential for higher rents + additional income)

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Carport, Multiple Garages,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces3
  • ParkingGarage, Space/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipN/A
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Central Air Conditioner, Range Hood, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Central Air Conditioner, Range Hood, Walk-In Closet,
  • Appliances Unit 3Stove, Central Air Conditioner, Range Hood, Walk-In Closet,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 25% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 12% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,000 Monthly $4,500
Rental Income Stabilized : Annual $70,776 Monthly $5,898
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$775,0003$258,3334.02%14.350.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,500$5,898
Year Total$54,000$70,776
Expense
Total$22,830$22,830
Net Operating Income$31,170$47,946
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9377 $25965 $35342 $2946
Total         $9,377 $25,965 $35,342   $-4,172 $9,377 $5,205
Stabilized         $9,377 $25,965 $35,342   $12,604 $9,377 $21,981
Custom         $9377 $25965 $35342   $12604 $9377 $21981




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1581,2502,9467662,1807662,1802,946
2580,4842,9467692,1771,5354,3575,892
3579,7152,9467722,1742,3086,5308,838
4578,9422,9467752,1713,0838,70111,784
5578,1672,9467782,1683,86010,87014,730
6577,3902,9467812,1654,64113,03517,676
7576,6092,9467842,1625,42515,19720,622
8575,8252,9467872,1596,21217,35623,568
9575,0382,9467902,1567,00119,51326,514
10574,2492,9467932,1537,79421,66629,460
11573,4562,9467962,1508,58923,81732,406
12572,6612,9467992,1479,38825,96435,352
13571,8622,9468022,14410,18928,10938,298

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Listing Agent: Barbara Szymanska
Listing Office: Lakewood Realty Group, Inc
4858 N. Normandy Ave Chicago

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