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2 Flat 1624 Huron West Town Chicago IL Mu Investm

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 24 X 124

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $2200

Unit 2 Floor 2: 3 bedrooms 2 baths $2250

Gross Income $52,200

Detailed Listing Description

Fantastic investment property. Owner Move in ready 2 flat - Two 3 bedroom/2 full bath units. Large kitchens. Everything separate - laundry on each floor, central air and heat, beautiful hardwood floors, trim, detail. - building was gut/rehabbed in 2003 - 2 car garage and nice patio in back. Great location, Walk to CTA, Blue line, Chgo Medical District, Chicago Ave restaurants, nightlife, tons of shopping, easy access to highways.

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,N,P,S
  • Appliances Unit 2A,B,C,D,E,I,P,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 21% 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 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $53,400 Monthly $4,450
Rental Income Stabilized : Annual $63,060 Monthly $5,255
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$645,5002$322,7505.55%12.090.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,450$5,255
Year Total$53,400$63,060
Expense
Total$17,572$17,572
Net Operating Income$35,828$45,488
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7811 $21626 $29437 $2453
Total         $7,811 $21,626 $29,437   $6,391 $7,811 $14,202
Stabilized         $7,811 $21,626 $29,437   $16,051 $7,811 $23,862
Custom         $7811 $21626 $29437   $16051 $7811 $23862




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1484,1252,4536381,8156381,8152,453
2483,4872,4536401,8131,2773,6294,906
3482,8482,4536421,8111,9205,4397,359
4482,2052,4536451,8082,5657,2479,812
5481,5602,4536471,8063,2129,05312,265
6480,9132,4536501,8033,86110,85714,718
7480,2642,4536521,8014,51312,65817,171
8479,6122,4536541,7995,16814,45619,624
9478,9572,4536571,7965,82516,25222,077
10478,3002,4536591,7946,48418,04624,530
11477,6412,4536621,7917,14619,83726,983
12476,9792,4536641,7897,81021,62629,436
13476,3152,4536671,7868,47723,41231,889

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Listing Agent: John Herbst
Listing Office: Jameson Sotheby's Intl Realty
1426 N. Bell Chicago

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