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2 Flat 2841 Ashland Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60657

Built In: 1896

Lot Size: A

Lot Dimensions: 24X107

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $00

Detailed Listing Description

FANTASTIC TURN KEY INVESTMENT PROPERTY IN GREAT LAKEVIEW LOCATION ! MAIN FLOOR TWO BEDROOM ONE BATH AND SECOND FLOOR DUPLEX UP 3 BEDROOM 2 FULL BATHS. TENANT'S PAY GAS AND ELECTRIC (SEPARATELY METERED), IN UNIT LAUNDRY IN BOTH UNITS. TWO CAR GARAGE BUILT 2013, EASY TO RENT(MAIN FLOOR CURRENTLY OCCUPIED BY OWNER, DUPLEX VACANT FOR EASE OF SHOWING) NEWER KITCHENS AND BATHS IN BOTH UNITS. ALL NEW (WITHIN LAST 10 YEARS) HVAC, WATER HEATERS, PLUMBING, WINDOWS, ROOF, WOOD FLOORS, SIDING/GUTTERS AND MORE.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 37% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 38% 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 $45,475 Monthly $3,790
Rental Income Stabilized : Annual $56,844 Monthly $4,737
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$549,7702$274,8854.75%12.090.86%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,790$4,737
Year Total$45,475$56,844
Expense
Total$19,357$19,357
Net Operating Income$26,118$37,487
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6652 $18419 $25071 $2090
Total         $6,652 $18,419 $25,071   $1,047 $6,652 $7,699
Stabilized         $6,652 $18,419 $25,071   $12,416 $6,652 $19,068
Custom         $6652 $18419 $25071   $12416 $6652 $19068




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1412,3282,0905441,5465441,5462,090
2411,7842,0905461,5441,0903,0904,180
3411,2382,0905481,5421,6374,6336,270
4410,6912,0905501,5402,1876,1738,360
5410,1412,0905521,5382,7397,71110,450
6409,5892,0905541,5363,2939,24712,540
7409,0352,0905561,5343,84910,78114,630
8408,4792,0905581,5324,40812,31216,720
9407,9202,0905601,5304,96813,84218,810
10407,3602,0905621,5285,53015,37020,900
11406,7982,0905651,5256,09516,89522,990
12406,2332,0905671,5236,66218,41825,080
13405,6662,0905691,5217,23019,94027,170

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Listing Agent: Andrew Glatz
Listing Office: Crown Heights Realty
4655 W. Chase Ave. Ste. 770 Lincolnwood

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