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2 Flat 4515 Harding Albany Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60625

Built In: 1909

Lot Size: K

Lot Dimensions: 4167 SQ FT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Detailed Listing Description

AMAZING OPPORTUNITY!!! HOT, HOT, HOT Investment Property! Highly Desired Albany Park Neighborhood! Solid brick 2 flat, situated on an over-sized lot complemented by a quiet, tree lined street. Property consist of two 3-bedrooms 1-bathroom units, and a two-car garage for additional income. Unfinished full basement with front and rear entrance and a full bathroom. Owner pays gas bill for 1st floor which is for heat. Close to public transportation, CTA, Blue Line, Brown Line, Metra, expressway, trendy shops, tons of diverse award-winning restaurants, and engaged community. Near Roosevelt High School, Haugan Elementary School and Jensen Park. Great Location! Great Investment! Motivated Seller!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 21% 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 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $36,564 Monthly $3,047
Rental Income Stabilized : Annual $38,412 Monthly $3,201
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$414,0002$207,0004.81%11.320.77%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,047$3,201
Year Total$36,564$38,412
Expense
Total$16,638$16,638
Net Operating Income$19,926$21,774
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5010 $13871 $18881 $1574
Total         $5,010 $13,871 $18,881   $1,045 $5,010 $6,055
Stabilized         $5,010 $13,871 $18,881   $2,893 $5,010 $7,903
Custom         $5010 $13871 $18881   $2893 $5010 $7903




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1310,5001,5744101,1644101,1641,574
2310,0901,5744111,1638212,3273,148
3309,6791,5744131,1611,2333,4894,722
4309,2671,5744141,1601,6484,6486,296
5308,8521,5744161,1582,0645,8067,870
6308,4361,5744171,1572,4816,9639,444
7308,0191,5744191,1552,9008,11811,018
8307,6001,5744201,1543,3209,27212,592
9307,1801,5744221,1523,74210,42414,166
10306,7581,5744241,1504,16611,57415,740
11306,3341,5744251,1494,59112,72317,314
12305,9091,5744271,1475,01813,87018,888
13305,4821,5744281,1465,44715,01520,462

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Listing Agent: David Banach
Listing Office: Keller Williams Chicago-O'Hare
4400 N. Merrimac Chicago

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