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2 Flat 3658 Kedzie Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1916

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 2: 2 bedrooms 1 baths $950

Gross Income $26,400

Detailed Listing Description

GREAT INVESTMENT OPPORTUNITY! NICE LOCATION FOR GETTING AROUND THE CITY. NEARBY SHOPPING, POST OFFICE, RESTAURANTS, ETC. BRAND NEW ROOF, SIDING AND FRONT PORCH. SEVERAL NEW THERMOPANE WINDOWS. BASEMENT BATH, ENCLOSED BACK PORCH FOR YEAR ROUND USE, FENCED YARD AND GARAGE WITH DRIVEUP. GLASS BLOCK BASEMENT WINDOWS. GOOD INCOME, LOW MAINTENANCE

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
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 22% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 13% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,200 Monthly $1,850
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$374,5002$187,2501.80%16.870.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,850$2,933
Year Total$22,200$35,196
Expense
Total$15,447$15,447
Net Operating Income$6,753$19,749
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4532 $12547 $17079 $1424
Total         $4,532 $12,547 $17,079   $-10,326 $4,532 $-5,794
Stabilized         $4,532 $12,547 $17,079   $2,670 $4,532 $7,202
Custom         $4532 $12547 $17079   $2670 $4532 $7202




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1280,8751,4243711,0533711,0531,424
2280,5041,4243721,0527432,1052,848
3280,1321,4243741,0501,1163,1564,272
4279,7591,4243751,0491,4914,2055,696
5279,3841,4243761,0481,8685,2527,120
6279,0071,4243781,0462,2456,2998,544
7278,6301,4243791,0452,6247,3449,968
8278,2511,4243811,0433,0058,38711,392
9277,8701,4243821,0423,3879,42912,816
10277,4881,4243831,0413,77010,47014,240
11277,1051,4243851,0394,15511,50915,664
12276,7201,4243861,0384,54212,54617,088
13276,3331,4243881,0364,92913,58318,512

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Listing Agent: Daniel Ostberg
Listing Office: RE/MAX Destiny
807 S I OKA AVE MT PROSPECT

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