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4 Flat 2244 Springfield Logan Square Chicago IL M

City: CHICAGO ZIP: 60647

Built In: 1914

Lot Size: A

Lot Dimensions: 38X134

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $700

Unit 2 Floor 2: 2 bedrooms 1 baths $795

Unit 3 Floor 2: 1 bedrooms 1 baths $795

Unit 4 Floor 2: 1 bedrooms 1 baths $750

Detailed Listing Description

Very well maintained brick 4 unit in Logan Square. Extra wide long lot with separate dining/living rooms in each apartment. Units consist of two 2BD/1BTH and two 1BD/1BTH. All 1beds can be converted to 2beds. Great size bedrooms with closets and hardwood floors throughout. All separate utilities. Two unfinished basements with high ceilings, 2 full bathrooms, perfect for duplexing. 3 car garage. Walking distance to Metra, Mozart Park, Pipeworks Brewing, restaurants, shopping and more. This is the perfect investment opportunity!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,S
  • Appliances Unit 3A,B,S
  • Appliances Unit 4A,B,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 42% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 49% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $36,480 Monthly $3,040
Rental Income Stabilized : Annual $84,636 Monthly $7,053
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$664,9004$166,2252.39%18.231.06%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,040$7,053
Year Total$36,480$84,636
Expense
Total$20,611$20,611
Net Operating Income$15,869$64,025
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8045 $22276 $30321 $2527
Total         $8,045 $22,276 $30,321   $-14,452 $8,045 $-6,407
Stabilized         $8,045 $22,276 $30,321   $33,704 $8,045 $41,749
Custom         $8045 $22276 $30321   $33704 $8045 $41749




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1498,6752,5276571,8706571,8702,527
2498,0182,5276591,8681,3163,7385,054
3497,3592,5276621,8651,9785,6037,581
4496,6972,5276641,8632,6437,46510,108
5496,0322,5276671,8603,3109,32512,635
6495,3652,5276691,8583,97911,18315,162
7494,6962,5276721,8554,65113,03817,689
8494,0242,5276741,8535,32514,89120,216
9493,3502,5276771,8506,00216,74122,743
10492,6732,5276791,8486,68218,58825,270
11491,9932,5276821,8457,36420,43327,797
12491,3112,5276851,8428,04822,27630,324
13490,6272,5276871,8408,73524,11632,851

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

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