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2 Flat 3614 Hoyne North Center Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1906

Lot Size: K

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1550

Unit 2 Floor 2: 3 bedrooms 1 baths $1950

Gross Income $62,400

Net Op. Income $55,900

Detailed Listing Description

Handsome brick 2-Flat on wide lot walking distance to Roscoe Village & train. Audubon School District. Long building (60 feet) with full concrete foundation. Spacious upper units with 3 bedrooms, 1 bath, hardwood floors, and formal dining room. Bright kitchens with space for dining or family room & pantries. All New Mechanicals, including central AC for units 1 & 2. Unit 2 has its own W/D. Units 1 and 2 pay their own utilities. Nice yard & 2 1/2 car garage. Perfect for live-in owners or investors.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,E,F,I,N
  • Appliances Unit 2A,B,C,D,E,F,I,N
  • 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 76% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 30% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $42,000 Monthly $3,500
Rental Income Stabilized : Annual $42,768 Monthly $3,564
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,500$3,564
Year Total$42,000$42,768
Net Operating Income$19,529$20,297
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10224 $28310 $38534 $3212
Total         $10,224 $28,310 $38,534   $-19,005 $10,224 $-8,781
Stabilized         $10,224 $28,310 $38,534   $-18,237 $10,224 $-8,013
Custom         $10224 $28310 $38534   $-18237 $10224 $-8013

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Timothy Sheahan
Listing Office: Compass
1107 Jackson River Forest

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