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2 Flat 3240 Ridgeway Avondale Chicago IL Mu Inves

City: CHICAGO ZIP: 60618

Built In: 1901

Lot Size: A

Lot Dimensions: 35X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $900

Detailed Listing Description

Well maintained 2 unit in Avondale. Updated in 2005. Nice size units with formal dining in both units and 2 bedrooms. Hardwood floors in the liv and dining rm, Recessed lights and oak cabinet kitchen.Ceramic flooring.Finished basement and attic for added space. Enclosed porch 2 car garage. Central air units for the 2 units and attic. Separate utilities. 2 car garage. and a fenced backyard. Close to expressways and few blocks away from the blue line. Lots of new developments going in the area.Long term tenant on the 2nd flr so rent is low and owner occupied 1st floor.Notice needed for showings. Ist and 2nd floors are identical in space . Sold AS-IS.

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,G,H
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A
  • 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 2% 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 11% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$489,9002$244,950-0.85%45.360.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$2,933
Year Total$10,800$35,196
Expense
Total$14,944$14,944
Net Operating Income$-4,144$20,252
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5928 $16413 $22341 $1862
Total         $5,928 $16,413 $22,341   $-26,485 $5,928 $-20,557
Stabilized         $5,928 $16,413 $22,341   $-2,089 $5,928 $3,839
Custom         $5928 $16413 $22341   $-2089 $5928 $3839




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1367,4251,8624841,3784841,3781,862
2366,9411,8624861,3769702,7543,724
3366,4551,8624881,3741,4584,1285,586
4365,9671,8624901,3721,9485,5007,448
5365,4771,8624911,3712,4396,8719,310
6364,9861,8624931,3692,9328,24011,172
7364,4931,8624951,3673,4279,60713,034
8363,9981,8624971,3653,92410,97214,896
9363,5011,8624991,3634,42312,33516,758
10363,0021,8625011,3614,92413,69618,620
11362,5011,8625031,3595,42715,05520,482
12361,9981,8625051,3575,93116,41322,344
13361,4941,8625061,3566,43817,76824,206

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Listing Agent: Neelam Dwivedi
Listing Office: RAJ Realty & Investment Co.
234 Mannheim Rd Bellwood

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