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2 Flat 3424 Franklin Humboldt Park Chicago IL Mu

City: CHICAGO ZIP: 60624

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 46 X 150

Lot Description: Corner,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 2 bedrooms 1 baths $1000

Detailed Listing Description

Humboldt Park 2 flat short sale opportunity! Located on an oversized corner lot. 2nd floor currently rented, 1st floor vacant. Solid building with open, dry basement. Separate gas and electric meters for each unit. Short sale process has started and is being handled by an experienced short sale attorney and realtor. Please allow at least 90 days for short sale approval. 2nd floor will be shown only for second showings and/or inspections - please see photos and floorplans. Subject to lender approval.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer,
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 15% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 33% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $22,200 Monthly $1,850
Rental Income Stabilized : Annual $25,200 Monthly $2,100
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,850$2,100
Year Total$22,200$25,200
Net Operating Income$11,544$14,544
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $1815 $5026 $6841 $571
Total         $1,815 $5,026 $6,841   $4,703 $1,815 $6,518
Stabilized         $1,815 $5,026 $6,841   $7,703 $1,815 $9,518
Custom         $1815 $5026 $6841   $7703 $1815 $9518

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Michael Saladino
Listing Office: Keller Williams Chicago-Lakeview
4505 North Kenneth Ave Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.