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2 Flat 3752 Ridgeway Irving Park Chicago IL Mu In

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

EXCEPTIONAL TWO UNIT BUILDING BEAUTIFULLY, COMPLETELY RENOVATED LOCATED IN HOT, IRVING PARK AREA. ANYTHING YOU TOUCH IS BRAND NEW: PLUMBING, ELECTRIC. TWO INDEPENDENT, HIGH EFFICIENCY HEATING SYSTEMS. HARDY BOARD SIDING WITH EXTERIOR INSULATION. WINDOWS, SOLID CORE MODERN DOORS. TWO CAR GARAGE NICELY UPDATED. 6 FT HIGH METAL FANCE AROUND THE HOUSE. NEW FRONT PORCH. SPACIOUS, MODERN KITCHEN OFFERS SS APPLIANCES, 42" WHITE CABINETS, QUARTZ COUNTER TOP, ISLAND AND EXTRA SPACE THAT CAN BE USED FOR SITTING/DINNING AREA OR AN OFFICE. ELEGANT BATHROOM WITH JACUZZI. 3 BEDRMS ON EACH FLOOR. COIN OPERATED LOUNDRY. THE UNFINISHED BASEMENT IS WAITING FOR YOUR IDEAS. THIS METICULOUS GUT-REHABBED TWO FLAT WITH BEAUTIFULL FINISHES WILL GIVE THE NEW OWNER QUITE A BIT OF SPACE AND LUXURY.

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 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B,E,F
Schools
  • Grade SchoolMURPHY ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • 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 35% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 51% 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 $34,214 Monthly $2,851
Rental Income Stabilized : Annual $42,768 Monthly $3,564
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,9002$324,9502.67%18.990.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,851$3,564
Year Total$34,214$42,768
Expense
Total$16,858$16,858
Net Operating Income$17,356$25,910
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $-12,282 $7,864 $-4,418
Stabilized         $7,864 $21,774 $29,638   $-3,728 $7,864 $4,136
Custom         $7864 $21774 $29638   $-3728 $7864 $4136




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,4252,4706421,8286421,8282,470
2486,7832,4706451,8251,2873,6534,940
3486,1382,4706471,8231,9345,4767,410
4485,4912,4706491,8212,5837,2979,880
5484,8422,4706521,8183,2359,11512,350
6484,1902,4706541,8163,88910,93114,820
7483,5362,4706571,8134,54612,74417,290
8482,8792,4706591,8115,20514,55519,760
9482,2202,4706621,8085,86716,36322,230
10481,5582,4706641,8066,53118,16924,700
11480,8942,4706671,8037,19819,97227,170
12480,2272,4706691,8017,86721,77329,640
13479,5582,4706721,7988,53823,57232,110

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Listing Agent: Renata Pieczka
Listing Office: Homeland Sales and Development
6503 N. LEMAI AVE LINCOLNWOOD

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