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2 Flat 3258 Damen North Center Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: A

Lot Dimensions: 120 X 24.5

Lot Description: E,H

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Handsome Roscoe Village Storefront. 2 unit building on the corner of Damen Avenue and School Street. The first floor is a large, open, clear span studio space with 11' 8" ceilings and a full-bath. The second floor is a 6 room, 3 bedroom, 1 bath apartment. The gracious north and east facing living/dining room includes a side bay window as well as a round corner bay window capped by an elegant turret. The unit is light and airy with tall ceilings. A sun-room is adjacent to the large eat-in kitchen. The property is perfect for an artist, architect, dancer, musician or any creative person(s) who might live upstairs and have a work space below. Alternatively, it has redevelopment potential. Steps to Damen and Belmont bus stops and within walking distance to the Brown Line. Near Fellger Playlot Park and all the dining, entertainment and shopping amenities of Roscoe Village. Audobon School District. Zoned RT-4.

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 1J
  • Tenant Pays Unit 2J
  • Appliances Unit 1S
  • Appliances Unit 2A,B,S,U
  • 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 11% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 18% 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 $16,378 Monthly $1,365
Rental Income Stabilized : Annual $20,472 Monthly $1,706
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,365$1,706
Year Total$16,378$20,472
Net Operating Income$-3,983$111
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6474 $17924 $24398 $2034
Total         $6,474 $17,924 $24,398   $-28,381 $6,474 $-21,907
Stabilized         $6,474 $17,924 $24,398   $-24,287 $6,474 $-17,813
Custom         $6474 $17924 $24398   $-24287 $6474 $-17813

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Jane Wenger
Listing Office: Wenger Properties
1509 N. Wicker Park Chicago

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