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2 Flat 1927 Lawndale Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1913

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

Lot Description: Cul-de-sac,

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1900

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Detailed Listing Description

What you have been waiting for. Turn Key Gut Renovated Logan Square 2 Flat + non conforming garden Greystone set on whimsical cul de sac steps to the 606 and walking distance to hip happening restaurants on Armitage. Classic Circa 1913 Greystone Front Elevation, New Electric, New Roof (layer) New Windows, Plumbing, Kitchens, Baths, HVAC and more. Unit 1 and 2 each 3 bedroom 1 bath, formal dining room, stained hardwood throughout, stainless, quartz, porcelain, central air, gas forced air, washer dryer in unit, rear decks, yard, front terrace. 2 car garage. Live close to free or operate as turn key rental. Rental Values are for Unit 1 currently owner occupied Sold as legal 2 flat. See picture floor plan for Unit 2 and G - Unit 1 similar to Unit 2 Unit 2 has lease @2100 per month through July 2020. See agent remarks. Show and sell.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • 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 35% 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 30% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$3,512
Year Total$48,000$42,144
Net Operating Income$35,830$29,974
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $3,953 $8,458 $12,411
Stabilized         $8,458 $23,419 $31,877   $-1,903 $8,458 $6,555
Custom         $8458 $23419 $31877   $-1903 $8458 $6555

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Logan Square

Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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