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3 Flat 2855 Avers Avondale Chicago IL Mu Investme

City: CHICAGO ZIP: 60618

Built In: 1913

Lot Size: A

Lot Dimensions: 25X123

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1600

Unit 2 Floor 2: 2 bedrooms 1 baths $1650

Unit 3 Floor 3: 2 bedrooms 1 baths $1625

Detailed Listing Description

Brick legal 3 flat in Logan Square. All new kitchens with 42" white cabinets, granite countertops, stainless steel appliances, hardwood floors throughout and washer/dryer hook up in each unit. All units consist of 2BD/1BTH. New bathrooms with subway tile, vanities, and flooring. New furnaces, hot water tanks, windows. New roof in 2016. All separate utilities. Excellent opportunity to own a multi in Logan/Avondale. Walking distance to Kosciuszko Park, Brew Brew Coffee, Cermak Produce, Blue Line, Metra, restaurants, shopping and more!!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B,E,F
  • Appliances Unit 3A,B,E,F
Schools
  • Grade SchoolLORCA ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 15% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,500 Monthly $4,875
Rental Income Stabilized : Annual $55,032 Monthly $4,586
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$674,9003$224,9675.41%11.540.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,875$4,586
Year Total$58,500$55,032
Expense
Total$21,999$21,999
Net Operating Income$36,501$33,033
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8166 $22611 $30777 $2565
Total         $8,166 $22,611 $30,777   $5,724 $8,166 $13,890
Stabilized         $8,166 $22,611 $30,777   $2,256 $8,166 $10,422
Custom         $8166 $22611 $30777   $2256 $8166 $10422




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1506,1752,5656671,8986671,8982,565
2505,5082,5656691,8961,3363,7945,130
3504,8392,5656721,8932,0085,6877,695
4504,1672,5656741,8912,6827,57810,260
5503,4932,5656771,8883,3599,46612,825
6502,8162,5656791,8864,03911,35115,390
7502,1362,5656821,8834,72113,23417,955
8501,4542,5656851,8805,40515,11520,520
9500,7702,5656871,8786,09216,99323,085
10500,0832,5656901,8756,78218,86825,650
11499,3932,5656921,8737,47420,74128,215
12498,7012,5656951,8708,16922,61130,780
13498,0062,5656971,8688,86724,47833,345

Explore Nearby Neighborhoods

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Lincoln ParkNearby Neighborhoods X Plus Real Estate

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Listing Agent: Weston Harding
Listing Office: Compass
3257 N Sheffield #101 Chicago

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