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2 Flat 3520 Diversey Avondale Chicago IL Mu Inves

City: CHICAGO ZIP: 60647

Built In: 1926

Lot Size: A

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $2500

Unit 2 Floor 2: 3 bedrooms 1 baths $1850

Gross Income $52,200

Net Op. Income $40,608

Detailed Listing Description

The LIVE/WORK dream space you've been waiting for is here! This all brick 2 unit building has been rehabbed in and out. The first floor is a HUGE storefront space, above is an income producing 3 bed / 1bath +den apartment. Live in one and rent out the other or run a business and live here the options are endless. Too many updates to list them all including, All new HVAC and central A/C on 1st floor, all new kitchens, upgraded electric and plumbing throughout, masonry tuckpointed, all new bathrooms, brand new and refinished hardwood floors, new porch and fence, In unit laundry, the list goes on! High-end appliances, vintage industrial Viking range, BOSH dishwasher, Kraus faucets. This property is located in a great investment area, 8 min walk to the blue line, 10 min walk to Michelin star restaurants. Truly an incredible investment opportunity 6% cap rate.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S,U
  • Appliances Unit 2A,B,C,D,E,J,P,S,U
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 11% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 30% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $52,200 Monthly $4,350
Rental Income Stabilized : Annual $37,752 Monthly $3,146
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,350$3,146
Year Total$52,200$37,752
Net Operating Income$36,015$21,567
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6958 $19264 $26222 $2186
Total         $6,958 $19,264 $26,222   $9,793 $6,958 $16,751
Stabilized         $6,958 $19,264 $26,222   $-4,655 $6,958 $2,303
Custom         $6958 $19264 $26222   $-4655 $6958 $2303

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Haley Levine
Listing Office: Keller Williams Chicago-Lincoln Park
907 N Hermitage Ave #1 Chicago

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