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2 Flat 4857 KILpatrick Albany Park Chicago IL Mu

City: CHICAGO ZIP: 60630

Built In: 1911

Lot Size: Less Than .25 Acre

Lot Dimensions: 27X176

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $975

Detailed Listing Description

Well-maintained 2-unit building in the Mayfair neighborhood! Front yard is beautifully landscaped as well as the spacious fenced in backyard. The building has great curb appeal with a covered front porch. Both apartments are 2 bedrooms, 1 bathroom. Both units have separate living & dining rooms, and eat-in kitchens with pantry. These units boast vintage character with some original woodwork, built-ins, and a covered back porch. 2nd floor has renovated, tiled bathroom. Non-conforming finished basement with bath and kitchen. Able to add laundry to the basement. Large fenced in back yard. 3 parking spots. Great rental! Two meters. 2nd floor is rented month to month at under market rent. Zoned R-3, per City of Chicago Zoning Map. Great location, close to the Kennedy Expressway, busses and the blue or brown line. Occupants will enjoy neighborhood gems: Lawrence Fish Market, Mother Clucker's Kitchen, Shibam Restaurant, and enjoy weekend coffee at Backlot Coffee.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2None,
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60630

Listings in this Zip Code average: 2 to 3 units, and are priced at $387,305 to $445,558
This listing is 3% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 2% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $27,300 Monthly $2,275
Rental Income Stabilized : Annual $35,520 Monthly $2,960
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,275$2,960
Year Total$27,300$35,520
Net Operating Income$11,163$19,383
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $4538 $12564 $17102 $1426
Total         $4,538 $12,564 $17,102   $-5,939 $4,538 $-1,401
Stabilized         $4,538 $12,564 $17,102   $2,281 $4,538 $6,819
Custom         $4538 $12564 $17102   $2281 $4538 $6819

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Staci Yesner
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
9384 Home Circle Des Plaines

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