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2 Flat 2351 Ohio West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60612

Built In: 1875

Lot Size: A

Lot Dimensions: 25X100

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1050

Unit 2 Floor 2: 2 bedrooms 1 baths $1050

Gross Income $25,800

Detailed Listing Description

Phenomenal opportunity in this duplex up, duplex down 2 unit building in West Town. First floor duplex down features large living room, dining room and kitchen with enclosed backporch. 2 bedrooms and full bathroom on first floor with access to basement- possible 3rd bedroom, additional living room or both. Second floor duplex up features living room, dining room and kitchen with enclosed backporch. 1 bedroom, 1 bathroom and tons of closet/storage space. Stairs up lead to second bedroom with possibility to split into 2 bedrooms or add additional bathroom. Laundry room with Washer/Dryer in basement. New fence, gutters and garage was recently tuckpointed. Great rental area near nightlife, restaurants, transportation and Smith Park. Rents below market- high income potential.

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 2C,D
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: 60612

Listings in this Zip Code average: 2 to 3 units, and are priced at $326,800 to $381,361
This listing is 41% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 23% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,200 Monthly $2,100
Rental Income Stabilized : Annual $32,328 Monthly $2,694
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$460,0002$230,0001.74%18.250.59%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,100$2,694
Year Total$25,200$32,328
Expense
Total$17,218$17,218
Net Operating Income$7,982$15,110
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5566 $15412 $20978 $1749
Total         $5,566 $15,412 $20,978   $-12,996 $5,566 $-7,430
Stabilized         $5,566 $15,412 $20,978   $-5,868 $5,566 $-302
Custom         $5566 $15412 $20978   $-5868 $5566 $-302




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1345,0001,7494551,2944551,2941,749
2344,5451,7494571,2929122,5863,498
3344,0881,7494591,2901,3713,8765,247
4343,6291,7494601,2891,8315,1656,996
5343,1691,7494621,2872,2936,4528,745
6342,7071,7494641,2852,7577,73710,494
7342,2431,7494661,2833,2239,02012,243
8341,7771,7494671,2823,69010,30213,992
9341,3101,7494691,2804,15911,58215,741
10340,8411,7494711,2784,63012,86017,490
11340,3701,7494731,2765,10314,13619,239
12339,8971,7494741,2755,57715,41120,988
13339,4231,7494761,2736,05316,68422,737

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Listing Agent: Nico Krajecki
Listing Office: Sergio & Banks Real Estate
3448 N Page Chicago

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