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2 Flat 5427 Jackson Austin Chicago IL Mu Investme

City: CHICAGO ZIP: 60644

Built In: 1915

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

LOCATION,LOCATION , LOCATION !!! BRICK AND STONE 2 FLAT BUILDING WITH WROUGHT IRON FENCE !! BRIGHT AND SPACIOUS PROPERTY IN THE AUSTIN NEIGHBORHOOD , STEPS AWAY FROM BEAUTIFUL COLUMBUS PARK,HISTORIC FIELD HOUSE AND PRISTINE TENNIS COURTS. LESS THAN A HALF MILE FROM BEAUTIFUL OAK PARK. MOST REMODELING AND REPAIRS HAS BEEN COMPLETED. PROPERTY BEING " SOLD IN AS IS CONDITION". PROOF OF FUNDS TO CLOSE , EARNEST MONEY CERTIFIED FUNDS TO BE HELD BY SELLER'S ATTORNEY. BUYER'S MUST HAVE PRE-APPROVAL LETTER LESS THAN 30 DAYS OLD , PROOF FUNDS OF DOWN PAYMENT TO CLOSE. NEW CABINETS AND COUNTER TOPS INSTALLED ON BOTH FLOORS, SEPARATES FURNACES AND WATER HEATERS FOR BOTH FLOORS. GARAGE IN " AS IS CONDITION " . SOME NEW TUCK POINTING, GUTTERS,SOME ROOF WORK. FULL BASEMENT WITH 2 BONUS ROOMS , RECREATION ROOM AND BATHROOM. LOTS OF STORAGE SPACE. CLOSE TO EXPRESSWAY,TRANSPORTATION ,EASY ACCESS HOSPITAL CORRIDOR AND DOWNTOWN CHICAGO. GREAT VALUE FOR THE LOCATION AND AREA

Additional Property Details

Garage & Parking
  • Gargage Details7 Foot or more high garage door,
  • 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,
Appliances
  • Appliances Unit 1None,
  • Appliances Unit 2None,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60644

Listings in this Zip Code average: 2 to 3 units, and are priced at $150,355 to $180,494
This listing is 9% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Austin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $173,150 to $193,648
This listing is 6% 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 $20,400 Monthly $1,700
Rental Income Stabilized : Annual $25,500 Monthly $2,125
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$163,2502$81,6256.44%8.001.30%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,700$2,125
Year Total$20,400$25,500
Expense
Total$9,887$9,887
Net Operating Income$10,513$15,613
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1976 $5470 $7446 $621
Total         $1,976 $5,470 $7,446   $3,067 $1,976 $5,043
Stabilized         $1,976 $5,470 $7,446   $8,167 $1,976 $10,143
Custom         $1976 $5470 $7446   $8167 $1976 $10143




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1122,438621162459162459621
2122,2766211624593249181,242
3122,1146211634584871,3761,863
4121,9516211644576511,8332,484
5121,7876211644578152,2903,105
6121,6236211654569802,7463,726
7121,4586211664551,1463,2014,347
8121,2926211664551,3123,6564,968
9121,1266211674541,4794,1105,589
10120,9596211674541,6464,5646,210
11120,7926211684531,8145,0176,831
12120,6246211694521,9835,4697,452
13120,4556211694522,1525,9218,073

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Listing Agent: A.J. Chandler
Listing Office: Classic Properties
609 N. Sheridan Road Waukegan

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