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2 Flat 4445 Spaulding Albany Park Chicago IL Mu I

City: CHICAGO ZIP: 60625

Built In: 1906

Lot Size: K

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 2 bedrooms 1 baths $1095

Detailed Listing Description

Amazing Opportunity! Well maintained, turn key ready investment property in the highly desirable Albany Park Neighborhood! Solid brick two-flat, situated on an over-sized lot complemented by a quiet, tree lined street. Property consist of two 2-bedrooms, 1-bathroom units, and a 2-car garage for additional income. Features hardwood floors throughout and beautiful architectural details with gorgeous original wood work. Second floor was original a 3 bedroom and can easily be converted back. First floor, hardwood floors were refinished 12-2018. Second floor, hardwood floors were refinished in 2014. New windows replaced on the rear porch 12-2018. All other building exterior windows were replaced in 2014-2015, both bathrooms remodeled in 2010, and both kitchens in the early 2000's. Both units are on their own utilities (separate boilers, hot water tanks, & electric) both boilers replaced in 2005. Basement is full unfinished with separate laundry connections to each unit's utilities.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,E,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 14% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 17% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $28,176 Monthly $2,348
Rental Income Stabilized : Annual $34,860 Monthly $2,905
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,348$2,905
Year Total$28,176$34,860
Net Operating Income$11,696$18,380
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $5433 $15043 $20476 $1707
Total         $5,433 $15,043 $20,476   $-8,780 $5,433 $-3,347
Stabilized         $5,433 $15,043 $20,476   $-2,096 $5,433 $3,337
Custom         $5433 $15043 $20476   $-2096 $5433 $3337

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: David Banach
Listing Office: Keller Williams Chicago-O'Hare
4400 N. Merrimac Chicago

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