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2 Flat 3326 Whipple Avondale Chicago IL Mu Invest

City: CHICAGO ZIP: 60618

Built In: 1896

Lot Size: A

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

Beautifully restored home features open concept first floor including a large deluxe kitchen with quartz countertops and family room. Walk through the glass French door onto a huge deck overlooking the yard and a 2.5 car garage. The second floor includes a washer and dryer, and Master bedroom with deluxe bathroom and walk-in closet. Two other bedrooms allow for ample storage and have an additional deluxe bathroom. The second unit is a garden apartment available for rental income, your in-laws, a nanny or even Air B&B. This bright, spacious area's includes a kitchen suite with Samsung appliances. A simple modification could convert this extremely large space into an additional bedroom and family room. A separate and private entrance keeps the family and its guests secure and separated. Close to the Kennedy expressway, Avondale is a trendy community offering safety, convenience and great restaurants. Walk to the Blue Line for a trip downtown to the loop or out to O'Hare to get away....

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E,F,I,P,Q,S,T
  • Appliances Unit 2A,B,C,D,E,F,G,L,N,P,Q,R,S,T,U
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 63% 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 78% 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 $36,230 Monthly $3,019
Rental Income Stabilized : Annual $45,288 Monthly $3,774
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$785,0002$392,5002.81%21.670.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,019$3,774
Year Total$36,230$45,288
Expense
Total$14,198$14,198
Net Operating Income$22,032$31,090
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9498 $26300 $35798 $2984
Total         $9,498 $26,300 $35,798   $-13,766 $9,498 $-4,268
Stabilized         $9,498 $26,300 $35,798   $-4,708 $9,498 $4,790
Custom         $9498 $26300 $35798   $-4708 $9498 $4790




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1588,7502,9847762,2087762,2082,984
2587,9742,9847792,2051,5554,4135,968
3587,1952,9847822,2022,3376,6158,952
4586,4132,9847852,1993,1228,81411,936
5585,6282,9847882,1963,91011,01014,920
6584,8402,9847912,1934,70113,20317,904
7584,0492,9847942,1905,49515,39320,888
8583,2552,9847972,1876,29217,58023,872
9582,4582,9848002,1847,09119,76526,856
10581,6592,9848032,1817,89421,94629,840
11580,8562,9848062,1788,70024,12432,824
12580,0502,9848092,1759,50926,29935,808
13579,2412,9848122,17210,32128,47138,792

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Listing Agent: Vanessa Carlson
Listing Office: iRealty Flat Fee Brokerage
2139 N. Harlem Ave. #222 Chicago

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