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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 6% 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
$107,5002$53,750-13.35%69.231.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$129$162
Year Total$1,553$1,941
Expense
Total$15,909$15,909
Net Operating Income$-14,356$-13,968
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1301 $3602 $4903 $409
Total         $1,301 $3,602 $4,903   $-19,259 $1,301 $-17,958
Stabilized         $1,301 $3,602 $4,903   $-18,871 $1,301 $-17,570
Custom         $1301 $3602 $4903   $-18871 $1301 $-17570




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
180,625409107302107302409
280,518409107302214604818
380,4114091073023219061,227
480,3044091083014291,2071,636
580,1964091083015371,5082,045
680,0884091093006461,8082,454
779,9794091093007552,1082,863
879,8704091093008652,4073,272
979,7604091102999742,7073,681
1079,6514091102991,0853,0054,090
1179,5404091112981,1953,3044,499
1279,4304091112981,3073,6014,908
1379,3184091122971,4183,8995,317

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Listing Agent: Brent Wilk
Listing Office: Wilk Real Estate

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