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2 Flat 2429 Springfield Logan Square Chicago IL M

City: CHICAGO ZIP: 60647

Built In: 1906

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $REL

Unit 2 Floor 2: 2 bedrooms 1 baths $1250

Detailed Listing Description

Wow, what a great opportunity! HOME IS SOLD AS-IS! Will Consider FHA 203K or Conventional REHAB LOAN. GREAT PROJECT... Logan Square Investors Wanted Frame 2 Unit sold As-Is $209,900. 5-2-1 on second with separate utilities and yes a 6-3-1 with Hardwood Floors and In-Law basement apartment! Seller nor agent make any representations as to the legality of the in-law apartment in basement! Needs repairs but liveable. Repairs taken into consideration for list price. Call today, need 48 Hours Notice to show. Price is pretty firm.

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District300
  • Jr High/Middle School District300
  • High School District300

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 55% more than other 2 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 57% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,172 Monthly $2,681
Rental Income Stabilized : Annual $42,564 Monthly $3,547
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$230,8002$115,4009.34%7.171.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,681$3,547
Year Total$32,172$42,564
Expense
Total$10,608$10,608
Net Operating Income$21,564$31,956
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2793 $7733 $10526 $878
Total         $2,793 $7,733 $10,526   $11,038 $2,793 $13,831
Stabilized         $2,793 $7,733 $10,526   $21,430 $2,793 $24,223
Custom         $2793 $7733 $10526   $21430 $2793 $24223




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1173,100878229649229649878
2172,8718782306484591,2971,756
3172,6418782316476891,9452,634
4172,4118782316479212,5913,512
5172,1798782326461,1533,2374,390
6171,9478782336451,3863,8825,268
7171,7148782346441,6204,5266,146
8171,4808782356431,8555,1697,024
9171,2458782366422,0915,8117,902
10171,0098782376412,3286,4528,780
11170,7728782386402,5657,0939,658
12170,5358782386402,8047,73210,536
13170,2968782396393,0438,37111,414

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Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

Listing Agent: Jose Resto
Listing Office: eXp Realty, LLC
6850 Highgate Rd Carpentersville

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