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2 Flat 1944 Albany Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1890

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1450

Unit 2 Floor 2: 3 bedrooms 2 baths $OWN

Detailed Listing Description

Logan Square - Beautiful Updated 2-flat building ! Both units feature an open spacious floor plan , kitchen s with breakfast bar, granite counters, dishwasher and microwave, dining and living room combo, enclosed back porches, renovated kitchens and baths, gleaming hardwood floors, recessed lighting , in-unit laundry, Central heat and a/c . Unit 1 has 2 beds/1 bath . Unit 2 (owners unit) features 3 beds/ 2 bath , Duplex up to large family room , bedroom, laundry room, and full bath. Walkout deck overlook s beautiful backyard with 2 car garage. Full basement with front and back entrances brings additional opportunity. Building improvements include: (2010) New electric, plumbing. All kitchen appliances and washers/dryers. (2012) New roof on house and garage. (2013) Insulation and air sealing. (2015) Replaced wood main basement beam with steel beam and steel supports, 30 year warranty. Close to all transportation, nightlife/restaurants and 606 trail.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat, Scavenger, Sewer, Water,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors,
Schools
  • 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 19% 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $35,424 Monthly $2,952
Rental Income Stabilized : Annual $50,880 Monthly $4,240
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$615,0002$307,5003.72%17.360.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,952$4,240
Year Total$35,424$50,880
Expense
Total$12,521$12,521
Net Operating Income$22,903$38,359
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7442 $20605 $28047 $2338
Total         $7,442 $20,605 $28,047   $-5,144 $7,442 $2,298
Stabilized         $7,442 $20,605 $28,047   $10,312 $7,442 $17,754
Custom         $7442 $20605 $28047   $10312 $7442 $17754




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1461,2502,3386081,7306081,7302,338
2460,6422,3386111,7271,2193,4574,676
3460,0312,3386131,7251,8325,1827,014
4459,4182,3386151,7232,4476,9059,352
5458,8032,3386171,7213,0648,62611,690
6458,1862,3386201,7183,68410,34414,028
7457,5662,3386221,7164,30612,06016,366
8456,9442,3386241,7144,93113,77318,704
9456,3192,3386271,7115,55815,48421,042
10455,6922,3386291,7096,18717,19323,380
11455,0632,3386321,7066,81818,90025,718
12454,4322,3386341,7047,45220,60428,056
13453,7982,3386361,7028,08822,30630,394

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Listing Agent: Jack Tornabene
Listing Office: Coldwell Banker Residential
7011 W. Touhy Ave. Niles

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