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2 Flat 2846 Elston Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: 1887

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $NA

Unit 2 Floor 2: 2 bedrooms 1 baths $1450

Detailed Listing Description

Newly re-habbed Logan Square two flat w/ in-law apartment! Over $50k/year in rental income. Excellent proximity to 90/94, shopping, restaurants and more. New kitchen, new windows, new HVAC System, new bathrooms, new trim, new doors, new floors, new kitchen, newer garage...too much to list! High Ceilings, fantastic backyard as well. First Floor Vacant for owner occupancy! Don't miss this one!

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 1Other,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 8% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 18% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,028 Monthly $2,669
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$519,0002$259,5003.04%16.200.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,669$2,933
Year Total$32,028$35,196
Expense
Total$16,249$16,249
Net Operating Income$15,779$18,947
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6280 $17388 $23668 $1973
Total         $6,280 $17,388 $23,668   $-7,889 $6,280 $-1,609
Stabilized         $6,280 $17,388 $23,668   $-4,721 $6,280 $1,559
Custom         $6280 $17388 $23668   $-4721 $6280 $1559




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1389,2501,9735131,4605131,4601,973
2388,7371,9735151,4581,0292,9173,946
3388,2211,9735171,4561,5464,3735,919
4387,7041,9735191,4542,0655,8277,892
5387,1851,9735211,4522,5867,2799,865
6386,6641,9735231,4503,1098,72911,838
7386,1411,9735251,4483,63410,17713,811
8385,6161,9735271,4464,16111,62315,784
9385,0891,9735291,4444,69013,06717,757
10384,5601,9735311,4425,22114,50919,730
11384,0291,9735331,4405,75415,94921,703
12383,4961,9735351,4386,28817,38823,676
13382,9621,9735371,4366,82518,82425,649

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Listing Agent: Yomaira Roman Herrera
Listing Office: RE/MAX LOYALTY
4758 S. Harding Ave. Chicago

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