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2 Flat 3308 Sacramento Avondale Chicago IL Mu Inv

City: CHICAGO ZIP: 60618

Built In: 1896

Lot Size: A

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Value-add opportunity, especially for someone to upgrade, leave in one unit, while renting the rest. Property needs updates. 2 units with in-law basement, zoned RS-3. Garden in-law unit has 2 bedrooms, 1 bathroom, no kitchen. 1st floor unit has 2 bedrooms, 1 bathroom, full kitchen. 2nd/3rd floor is a duplex up: 2 bedrooms - 1 bath, full kitchen are on the 2nd floor; opened space 3rd floor. Close to transportation. Easy access to Kennedy. Short walk to CTA Belmont station. Seller makes no representation on unit count. Pictures show 1st floor unit. 2nd floor is identical, plus has staircase up to the 3rd floor opened space good for a bedroom and livingroom.

Additional Property Details

Garage & Parking
  • Gargage DetailsN
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1P
  • Appliances Unit 2A,B,J
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 5% 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 4% 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 $30,182 Monthly $2,515
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$459,0002$229,5003.10%15.210.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,515$3,144
Year Total$30,182$37,728
Expense
Total$15,948$15,948
Net Operating Income$14,234$21,780
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5554 $15378 $20932 $1745
Total         $5,554 $15,378 $20,932   $-6,698 $5,554 $-1,144
Stabilized         $5,554 $15,378 $20,932   $848 $5,554 $6,402
Custom         $5554 $15378 $20932   $848 $5554 $6402




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1344,2501,7454541,2914541,2911,745
2343,7961,7454561,2899102,5803,490
3343,3401,7454571,2881,3673,8685,235
4342,8831,7454591,2861,8265,1546,980
5342,4241,7454611,2842,2876,4388,725
6341,9631,7454631,2822,7507,72010,470
7341,5001,7454641,2813,2149,00112,215
8341,0361,7454661,2793,68110,27913,960
9340,5691,7454681,2774,14811,55715,705
10340,1021,7454701,2754,61812,83217,450
11339,6321,7454711,2745,08914,10619,195
12339,1611,7454731,2725,56315,37720,940
13338,6871,7454751,2706,03716,64822,685

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Listing Agent: Svetlana Kushnareva
Listing Office: Kale Realty
540 N Dearborn Unit 10727 Chicago

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