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2 Flat 2833 Avers Avondale Chicago IL Mu Investme

City: CHICAGO ZIP: 60618

Built In: 1910

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 2 baths $2150

Unit 2 Floor 2: 4 bedrooms 2 baths $2225

Gross Income $52,800

Net Op. Income $39,410

Detailed Listing Description

Fantastic 2 flat in hot Avondale/Logan Square neighborhood. Gut Rehabbed in 2017. All new everything, with white cabinets, quartz countertops, stainless steel appliances, hardwood floors throughout. In unit washer and dryer. Both units are 4 bed 2 bath. All new HVAC, plumbing and electric. Separate utilities. Walking to Kosciuszko Park, Brew Brew Coffee, Cermak Produce, Blue Line. Currently fully occupied with well qualified tenants. Leases expire 5/31 and 6/30 and both tenants would love to stay. Low maintenance costs and tenants pay on time every month. Agent owned property.

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,N,S
  • Appliances Unit 2A,B,C,D,E,F,I,N,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 30% more than other 2 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 42% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $52,500 Monthly $4,375
Rental Income Stabilized : Annual $52,500 Monthly $4,375
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0002$312,5005.82%11.900.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,375$4,375
Year Total$52,500$52,500
Expense
Total$16,141$16,141
Net Operating Income$36,359$36,359
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $7,856 $7,563 $15,419
Stabilized         $7,563 $20,940 $28,503   $7,856 $7,563 $15,419
Custom         $7563 $20940 $28503   $7856 $7563 $15419




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Adam Meredith
Listing Office: @properties
1660 Lake Eleanor Drive Deerfield

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