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2 Flat 1847 Cornelia North Center Chicago IL Mu I

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: L

Lot Dimensions: 25X125

Lot Description: D

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $2400

Unit 2 Floor 1: 3 bedrooms 2 baths $4000

Detailed Listing Description

Incredible opportunity for two extra-wide single fam homes in the heart of Roscoe Village just 2 blocks from train! Completely gut reno'd 3BD/2BA modern farmhouse w/10' ceilings in open sunny living/dining rm feat white oak wood flrs thruout! Stunning white shaker & quartz kitchen w/SS appls incl 5 burner stove, disposal & brkfst bar. Upstairs has two sunny king-sized bedrms w/wood floors, wall closets & large bath w/sleek tile, dbl vanity w/quartz counters, linen closet & walk-in glass shower w/body jets & rain shower. Cozy lower level fam rm w/8' ceilings & addtl bedrm. All new plumbing/electric/HVAC/windws/siding/roof, etc! 36' yard ready to enjoy! All brick 2BD front home ready to move in, rent OR renovate & expand. 18' cathedral liv rm ceilings open to sep dining rm all w/wood flrs. Sunny s-facing kitchn has lots of cab & prep space. Lofted master bdrm has two closets, main flr bedrm, full bath & lower level fam & storage rms! Agent owned/interest.

Additional Property Details

Garage & Parking
  • Gargage On SiteN
  • Gargage OwnershipD
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,J,P,R,S,T
  • Appliances Unit 2A,B,C,D,E,F,G,I,P,S
Schools
  • Grade SchoolHAMILTON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolHAMILTON ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 21% 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 61% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $76,800 Monthly $6,400
Rental Income Stabilized : Annual $56,448 Monthly $4,704
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,049,9002$524,9505.19%13.670.45%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,400$4,704
Year Total$76,800$56,448
Expense
Total$22,331$22,331
Net Operating Income$54,469$34,117
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12703 $35175 $47878 $3990
Total         $12,703 $35,175 $47,878   $6,591 $12,703 $19,294
Stabilized         $12,703 $35,175 $47,878   $-13,761 $12,703 $-1,058
Custom         $12703 $35175 $47878   $-13761 $12703 $-1058




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1787,4253,9901,0372,9531,0372,9533,990
2786,3883,9901,0412,9492,0785,9027,980
3785,3473,9901,0452,9453,1238,84711,970
4784,3023,9901,0492,9414,17211,78815,960
5783,2533,9901,0532,9375,22514,72519,950
6782,2003,9901,0572,9336,28217,65823,940
7781,1433,9901,0612,9297,34220,58827,930
8780,0833,9901,0652,9258,40723,51331,920
9779,0183,9901,0692,9219,47626,43435,910
10777,9493,9901,0732,91710,54829,35239,900
11776,8773,9901,0772,91311,62532,26543,890
12775,8003,9901,0812,90912,70635,17447,880
13774,7193,9901,0852,90513,79138,07951,870

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Listing Agent: Jeffrey Stewart
Listing Office: @properties
3101 N. Greenview Avenue Chicago

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