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2 Flat 5010 Ridgeway Albany Park Chicago IL Mu In

City: CHICAGO ZIP: 60625

Built In: 1925

Lot Size: Less Than .25 Acre

Lot Dimensions: 60 X 125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 2 baths $0

Unit 2 Floor 2: 4 bedrooms 2 baths $0

Detailed Listing Description

Hot Albany Park estate, multi-unit sale. Deluxe 2,300sf units with 4-bedrooms and 2-baths each. Finished basement has studio/office and work shop. Potential to add 3rd unit with 10' ceilings, 2-entrances, etc. 5-6 car parking on site with a 2-car garage. Central air in both units. separate utilities. Beautiful windows. One of a kind property for the buyer with vision to see the upside potential of this increasing neighborhood. Eugene Park at the end of the block hosts the Albany Park Art Theater Project, tennis courts, ball fields, playground, Chicago River trails, etc. See video tour, survey, owners property report, floorplan and disclosures under additional information. One of a kind opportunity, there are No peers for this one. Good mechanicals, could use some restoration or updating. sold as-is.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 29% 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 76% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $0 Monthly $0
Rental Income Stabilized : Annual $0 Monthly $0
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$675,0002$337,500-2.38%inf0.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$0$0
Year Total$0$0
Expense
Total$16,081$16,081
Net Operating Income$-16,081$-16,081
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8167 $22615 $30782 $2566
Total         $8,167 $22,615 $30,782   $-46,863 $8,167 $-38,696
Stabilized         $8,167 $22,615 $30,782   $-46,863 $8,167 $-38,696
Custom         $8167 $22615 $30782   $-46863 $8167 $-38696




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1506,2502,5666681,8986681,8982,566
2505,5822,5666701,8961,3383,7945,132
3504,9122,5666731,8932,0105,6887,698
4504,2402,5666751,8912,6857,57910,264
5503,5652,5666781,8883,3639,46712,830
6502,8872,5666801,8864,04311,35315,396
7502,2072,5666831,8834,72613,23617,962
8501,5242,5666851,8815,41115,11720,528
9500,8392,5666881,8786,09916,99523,094
10500,1512,5666901,8766,78918,87125,660
11499,4612,5666931,8737,48220,74428,226
12498,7682,5666961,8708,17822,61430,792
13498,0722,5666981,8688,87624,48233,358

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Listing Agent: William Gibbons
Listing Office: Donahue Commercial Real Estate LLC
4403 w lawrence ave, 200-F chicago

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