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2 Flat 1601 Memorial Calumet City IL Mu Investmen

City: CALUMET CITY ZIP: 60409

Built In: 1972

Lot Size: A

Lot Dimensions: 41X126

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

CORNER LOT BRICK 2-FLAT IN THE HEART OF CAL CITY! 1ST FLOOR CONSISTS OF 3 BEDROOMS, 1 BATH, LIVING ROOM & KITCHEN. SPIRAL STAIRCASE LEADS TO BASEMENT (CAN BE DUPLEXED) FOR MORE ENTERTAINMENT AND ALSO HAS STONE FIREPLACE AND ANOTHER FULL BATH. 2ND FLOOR UNIT OFFERS 2 BEDROOMS, 1 BATHROOM, LIVING/DINING ROOM AND KITCHEN. DETACHED 2 CAR GARAGE. SEPARATE UTILITIES AND 2 METERS.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District155
  • Jr High/Middle School District155
  • High School District155

Comparative Data

Zip Code Comparison: 60409

Listings in this Zip Code average: 4 to 5 units, and are priced at $164,109 to $138,975
This listing is 2% more than other 2 unit listings in this zipcode.

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

Calculated Rents
Rental Income : Annual $1,553 Monthly $129
Rental Income Stabilized : Annual $1,941 Monthly $162
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$99,9002$49,950-18.50%64.341.94%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$129$162
Year Total$1,553$1,941
Expense
Total$20,034$20,034
Net Operating Income$-18,481$-18,093
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1209 $3347 $4556 $380
Total         $1,209 $3,347 $4,556   $-23,037 $1,209 $-21,828
Stabilized         $1,209 $3,347 $4,556   $-22,649 $1,209 $-21,440
Custom         $1209 $3347 $4556   $-22649 $1209 $-21440




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
174,9253809928199281380
274,82638099281198562760
374,7273801002802988421,140
474,6273801002803981,1221,520
574,5273801012794991,4011,900
674,4263801012796001,6802,280
774,3253801012797011,9592,660
874,2243801022788032,2373,040
974,1223801022789052,5153,420
1074,0203801022781,0072,7933,800
1173,9183801032771,1103,0704,180
1273,8153801032771,2133,3474,560
1373,7123801042761,3173,6234,940

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Listing Agent: Brent Wilk
Listing Office: Wilk Real Estate

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