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2 Flat 1916 Rockwell Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1890

Lot Size: L

Lot Dimensions: 25 X 100

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1425

Unit 2 Floor 2: 2 bedrooms 1 baths $1525

Detailed Listing Description

Attention Investors & Developers! Great 2 flat investment in hot West Bucktown! Great Location walk to Blue Line train and 606 Trail. Great potential to duplex up and down! Long term tenants. 1st floor rented $1425/mo + 2nd floor rented $1524/mo both thru 5/31/19. Units are 2 bed/1 baths, hdwd floors, GFAir/AC. New in 2007: total tear off roof & chimney, windows, siding. Full finished basement w ext access; laundry area and bathroom, currently used as storage, needs some work. Private back yard. 25x100 adjacent vacant lot at 1914 Rockwell also for sale $340,000. No Garage. Sold AS IS.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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
  • Appliances Unit 2A,B
Schools
  • 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 18% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $35,400 Monthly $2,950
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$425,0002$212,5004.42%12.010.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,950$3,203
Year Total$35,400$38,436
Expense
Total$16,606$16,606
Net Operating Income$18,794$21,830
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $-588 $5,143 $4,555
Stabilized         $5,143 $14,239 $19,382   $2,448 $5,143 $7,591
Custom         $5143 $14239 $19382   $2448 $5143 $7591




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1318,7501,6164211,1954211,1951,616
2318,3291,6164221,1948432,3893,232
3317,9071,6164241,1921,2673,5814,848
4317,4831,6164251,1911,6924,7726,464
5317,0581,6164271,1892,1195,9618,080
6316,6311,6164291,1872,5487,1489,696
7316,2021,6164301,1862,9788,33411,312
8315,7721,6164321,1843,4109,51812,928
9315,3401,6164331,1833,84310,70114,544
10314,9071,6164351,1814,27911,88116,160
11314,4711,6164371,1794,71513,06117,776
12314,0351,6164381,1785,15414,23819,392
13313,5961,6164401,1765,59415,41421,008

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Listing Agent: Heather Lange
Listing Office: @properties
4352 W. Grace #2 Chicago

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