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4 Flat 3571 Lyndale Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1896

Lot Size: B

Lot Dimensions: 4725

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 4 bedrooms 1 baths $1600

Detailed Listing Description

This is a family owned 4 unit property under performing. All family members live in all the units except for the 2nd floor front unit that is duplex up with the attic. 3 units are 2bd / 1bth and 1 unit is a 4bdrm / 1bth. There are 2 non conforming units in the basement. It would be a good idea to duplex the 1st floor units with the garden units and make (2) 4 bdrm / 2bth units which would make the 1st floor duplexes. The roof is brand new installed this year. The rear porch has been updated to code. 3 car garage with two doors. 3 units have HVAC and one does not. Property sold "as-is".

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,F,G,H
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
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 39% more than other 4 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 47% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $19,200 Monthly $1,600
Rental Income Stabilized : Annual $75,996 Monthly $6,333
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0004$174,750-0.80%36.410.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,600$6,333
Year Total$19,200$75,996
Expense
Total$24,810$24,810
Net Operating Income$-5,610$51,186
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-37,487 $8,458 $-29,029
Stabilized         $8,458 $23,419 $31,877   $19,309 $8,458 $27,767
Custom         $8458 $23419 $31877   $19309 $8458 $27767




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Miguel Cuevas
Listing Office: Leader Realty, Inc.
2719 N Western Ave Chicago

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