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2 Flat 1059 Drake Humboldt Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60651

Built In: 1907

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $950

Unit 2 Floor 2: 3 bedrooms 1 baths $950

Detailed Listing Description

ALL BRICK BUILDING, NEW TUCK-POINTING,NEW ROOF, NEW SIDING ON GARAGE COMPLETELY REHABBED OWNERS UNIT ON SECOND FLOOR, TENANTS ON 1ST FLOOR AND IN LAW UNIT (agent does not represent legality of renting in law unit) live for free while renting other unit. Great building across from park.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(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 1None,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2None,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 63% 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 40% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,800 Monthly $1,900
Rental Income Stabilized : Annual $28,560 Monthly $2,380
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$315,0002$157,5002.79%13.820.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,900$2,380
Year Total$22,800$28,560
Expense
Total$14,001$14,001
Net Operating Income$8,799$14,559
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3812 $10554 $14366 $1198
Total         $3,812 $10,554 $14,366   $-5,567 $3,812 $-1,755
Stabilized         $3,812 $10,554 $14,366   $193 $3,812 $4,005
Custom         $3812 $10554 $14366   $193 $3812 $4005




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1236,2501,1983128863128861,198
2235,9381,1983138856251,7712,396
3235,6251,1983148849402,6543,594
4235,3101,1983168821,2553,5374,792
5234,9951,1983178811,5724,4185,990
6234,6781,1983188801,8905,2987,188
7234,3601,1983198792,2096,1778,386
8234,0411,1983208782,5307,0549,584
9233,7201,1983228762,8517,93110,782
10233,3991,1983238753,1748,80611,980
11233,0761,1983248743,4989,68013,178
12232,7521,1983258733,82310,55314,376
13232,4271,1983268724,14911,42515,574

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Listing Agent: Michael Sahli
Listing Office: Home-Site Realty, Inc.
P.O. BOX 56678 CHICAGO

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