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2 Flat 1922 Grace North Center Chicago IL Mu Inve

City: CHICAGO ZIP: 60613

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 3966

Lot Description: Fenced Yard, Irregular,

# of Units: 2

Unit 1 Floor M: 2 bedrooms 2 baths $0

Unit 2 Floor 3: 1 bedrooms 1 baths $0

Detailed Listing Description

Brick multi-unit with side-yard (37' frontage, irregular lot) in sought after Roscoe Village. Building needs updating, but has great potential (SFH or keep multi-unit). Ground level duplex up (floors 1 & 2) with 2 beds (one on each flr), 2 baths, 2 living spaces & central HVAC. Unit 2 is the 3rd floor with 1 bed, 1 bath & a wall heater. Laundry hook-ups off the back of the building, leading to an unfinished partial basement. Lots of outdoor space in back and side yard, plus parking pad. Bell School. Walk to parks in every direction, while also enjoying fantastic restaurants, boutiques & coffee shops. Three minute walk to the Brown Line. Home needs work, but could become a pretty cool space with the right vision!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade SchoolBELL ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBELL ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 20% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 8% 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 $12,518 Monthly $1,043
Rental Income Stabilized : Annual $15,648 Monthly $1,304
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,0002$299,5000.80%47.850.22%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,043$1,304
Year Total$12,518$15,648
Expense
Total$7,701$7,701
Net Operating Income$4,817$7,947
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7248 $20068 $27316 $2277
Total         $7,248 $20,068 $27,316   $-22,499 $7,248 $-15,251
Stabilized         $7,248 $20,068 $27,316   $-19,369 $7,248 $-12,121
Custom         $7248 $20068 $27316   $-19369 $7248 $-12121




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,2502,2775921,6855921,6852,277
2448,6582,2775951,6821,1873,3674,554
3448,0632,2775971,6801,7845,0476,831
4447,4662,2775991,6782,3836,7259,108
5446,8672,2776011,6762,9848,40111,385
6446,2662,2776041,6733,58710,07513,662
7445,6632,2776061,6714,19311,74615,939
8445,0572,2776081,6694,80113,41518,216
9444,4492,2776101,6675,41115,08220,493
10443,8392,2776131,6646,02416,74622,770
11443,2262,2776151,6626,63918,40825,047
12442,6112,2776171,6607,25620,06827,324
13441,9942,2776201,6577,87621,72529,601

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Listing Agent: Ryan Parks
Listing Office: @properties
1875 N. Damen Ave. Chicago

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