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2 Flat 3624 Albany Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1906

Lot Size: L

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1250

Detailed Listing Description

GREAT LOCATION-LOCATED IN ADDISON MALL AREA, CLOSE TO SHOPS, TRANSPORTATION AND HIGHWAY. BRICK 2-FLAT WITH A BRICK 2.5-CAR GARAGE. 2 SEPARATE GAS-FORCED-AIR FURNACES AND 2 CENTRAL-AIR UNITS. OFFERS MUST HAVE A PRE-APPROVAL ATTACHED, AND/OR PROOF OF FUNDS WITH CASH OFFERS. 24 HOUR NOTICE PLEASE DUE TO TENANTS.

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,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 19% 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 9% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $15,000 Monthly $1,250
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$389,9902$194,995-0.32%26.000.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,250$2,933
Year Total$15,000$35,196
Expense
Total$16,256$16,256
Net Operating Income$-1,256$18,940
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4719 $13066 $17785 $1483
Total         $4,719 $13,066 $17,785   $-19,041 $4,719 $-14,322
Stabilized         $4,719 $13,066 $17,785   $1,155 $4,719 $5,874
Custom         $4719 $13066 $17785   $1155 $4719 $5874




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1292,4931,4833861,0973861,0971,483
2292,1071,4833881,0957742,1922,966
3291,7191,4833891,0941,1633,2864,449
4291,3301,4833911,0921,5534,3795,932
5290,9401,4833921,0911,9455,4707,415
6290,5481,4833931,0902,3396,5598,898
7290,1541,4833951,0882,7347,64710,381
8289,7591,4833961,0873,1308,73411,864
9289,3631,4833981,0853,5289,81913,347
10288,9651,4833991,0843,92710,90314,830
11288,5661,4834011,0824,32811,98516,313
12288,1651,4834021,0814,73113,06517,796
13287,7621,4834041,0795,13414,14519,279

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Listing Agent: Homero Garza
Listing Office: Charles Rutenberg Realty
5646 S Nordica Chicago

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