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2 Flat 2431 Hutchinson North Center Chicago IL Mu

City: CHICAGO ZIP: 60618

Built In: 1901

Lot Size: A

Lot Dimensions: 24 X 124

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Well-maintained, Frame 2-flat near Lincoln Square/North Center on tree lined Hutchinson Street. Features two cozy 2BR/1BA units and updated systems throughout. Refreshed 1st floor "owner's unit" boasts gleaming hardwood floors, great vintage details, updated kitchen with SS appliances & ceramic tile bath. 2nd floor needs some updating. Partially finished basement with 2 rooms. Nice front porch and rear deck . 2-car garage. Perfect candidate for a starter, live-in owner or best use fabulous 4 BRMS up/3.5BA SFH deconversion. Huge upside. In sought-after Waters Elementary school district.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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
Appliances
  • Appliances Unit 1A,B,E,J
  • Appliances Unit 2A,B,J
Schools
  • Grade SchoolWATERS ELEMENTARY SCHOOL
  • 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 6% 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 31% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $28,157 Monthly $2,346
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$449,9002$224,9503.59%15.980.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,346$2,933
Year Total$28,157$35,196
Expense
Total$12,026$12,026
Net Operating Income$16,131$23,170
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5444 $15073 $20517 $1710
Total         $5,444 $15,073 $20,517   $-4,386 $5,444 $1,058
Stabilized         $5,444 $15,073 $20,517   $2,653 $5,444 $8,097
Custom         $5444 $15073 $20517   $2653 $5444 $8097




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1337,4251,7104451,2654451,2651,710
2336,9801,7104461,2648912,5293,420
3336,5341,7104481,2621,3393,7915,130
4336,0861,7104501,2601,7895,0516,840
5335,6361,7104511,2592,2406,3108,550
6335,1851,7104531,2572,6937,56710,260
7334,7321,7104551,2553,1488,82211,970
8334,2771,7104561,2543,60410,07613,680
9333,8211,7104581,2524,06211,32815,390
10333,3631,7104601,2504,52212,57817,100
11332,9031,7104621,2484,98413,82618,810
12332,4411,7104631,2475,44715,07320,520
13331,9781,7104651,2455,91216,31822,230

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Listing Agent: Deborah Hess
Listing Office: Compass
2724 W. Byron St. Chicago

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