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2 Flat 4432 California Albany Park Chicago IL Mu

City: CHICAGO ZIP: 60625

Built In: 1917

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 5 bedrooms 2 baths $2950

Unit 2 Floor 2: 3 bedrooms 1 baths $1950

Detailed Listing Description

Stately Ravenswood Manor brick 2 flat with Massive Owner's duplex on pretty, tree-lined 1-way street! Expansive space with tons of opportunity!Live-in owner? Savvy Investor? Single Family De-Conversion? All are possibilities with this spacious home on a desirable block in coveted location near the Chicago River. Featuring massive apartments w/grand rooms and feeling of space thru-out, especially in the bedrooms, this is not your cookie cutter 2-flat! Duplexed Owner's Unit has 4 bedrooms + office, finished Lower Level (2 bedrooms + family rm + full bath) and is currently set up for AirBnB-style rentals. Separate dining rooms, eat-in kitchens, decorative fireplaces, hardwood floors and vintage details are a few of the special things you'll find here. Bonus (heated) sun rooms for office/addl living/beds (See floorplan). Waters Elementary, 2 car garage & yard for outdoor fun. Close to Chicago River & Horner Park, convenient to Lincoln Square, Welles Park, dining/shops/grocery.Come Home!

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 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,E,F,G
  • Appliances Unit 2A,B
Schools
  • Grade SchoolWATERS ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolWATERS ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolROOSEVELT HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 24% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 70% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,800 Monthly $4,900
Rental Income Stabilized : Annual $53,868 Monthly $4,489
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,9002$324,9505.38%11.050.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,900$4,489
Year Total$58,800$53,868
Expense
Total$23,854$23,854
Net Operating Income$34,946$30,014
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $5,308 $7,864 $13,172
Stabilized         $7,864 $21,774 $29,638   $376 $7,864 $8,240
Custom         $7864 $21774 $29638   $376 $7864 $8240




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,4252,4706421,8286421,8282,470
2486,7832,4706451,8251,2873,6534,940
3486,1382,4706471,8231,9345,4767,410
4485,4912,4706491,8212,5837,2979,880
5484,8422,4706521,8183,2359,11512,350
6484,1902,4706541,8163,88910,93114,820
7483,5362,4706571,8134,54612,74417,290
8482,8792,4706591,8115,20514,55519,760
9482,2202,4706621,8085,86716,36322,230
10481,5582,4706641,8066,53118,16924,700
11480,8942,4706671,8037,19819,97227,170
12480,2272,4706691,8017,86721,77329,640
13479,5582,4706721,7988,53823,57232,110

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Listing Agent: Scott Curcio
Listing Office: Baird & Warner
1272 W. Victoria St. Chicago

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