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2 Flat 3224 Ravenswood North Center Chicago IL Mu

City: CHICAGO ZIP: 60657

Built In: 1888

Lot Size: A

Lot Dimensions: 24X55

Lot Description: E

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1450

Unit 2 Floor 2: 2 bedrooms 2 baths $OWN

Gross Income $17,400

Net Op. Income $8,393

Detailed Listing Description

RARELY AVAILABLE/TURN-KEY/RECENTLY RENOVATED (NEW KITCHEN IN OWNER'S DUPLEX & NEW FURNACE & WATER HEATER IN FIRST FLOOR UNIT-BOTH IN LATE 2018)/POTENTIALLY CASH-FLOW POSITIVE LAKEVIEW 2-FLAT ON A BRIGHT CORNER LOT W/AMAZING 2BD+OFFICE/2BA OWNER'S TOP-FLOOR DUPLEX UP W/BRAND NEW WHITE/QUARTZ/SS KTCHN;FIRST FLOOR UNIT IS NEVER VACANT W/CONDO-CALIBER FINISHES;INDIV GAS/ELECTRIC W/CENTRAL AIR AND GAS-FORCED HEAT AS WELL AS IN-UNIT W/D IN EACH UNIT;PERFECT OWNER-OCCUPIED 2-FLAT,SFH CONVERSION CANDIDATE OR BUY/HOLD & RENT OUT BOTH UNITS;UNITS ARE NEVER VACANT;RENT FOR UNIT 1 WITH AMAZING FRONT PATIO COULD BE HIGHER;FLOORS UNDERNEATH CARPET IN UNIT 2 ARE LIKELY HARDWOOD BUT SELLER HAS NO KNOWLEDGE OF CONDITION;EZ STREET PARKING & ZONED PERMIT PARKING NEARBY

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,P,S
Schools
  • Grade SchoolJAHN ELEMENTARY SCHOOL
  • Grade School District299
  • 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 42% 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 23% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $49,080 Monthly $4,090
Rental Income Stabilized : Annual $53,076 Monthly $4,423
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,5002$249,7506.37%10.180.89%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,090$4,423
Year Total$49,080$53,076
Expense
Total$17,279$17,279
Net Operating Income$31,801$35,797
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6044 $16735 $22779 $1899
Total         $6,044 $16,735 $22,779   $9,022 $6,044 $15,066
Stabilized         $6,044 $16,735 $22,779   $13,018 $6,044 $19,062
Custom         $6044 $16735 $22779   $13018 $6044 $19062




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,6251,8994941,4054941,4051,899
2374,1311,8994961,4039902,8083,798
3373,6351,8994981,4011,4884,2095,697
4373,1371,8995001,3991,9885,6087,596
5372,6371,8995021,3972,4897,0069,495
6372,1361,8995031,3962,9938,40111,394
7371,6321,8995051,3943,4989,79513,293
8371,1271,8995071,3924,00611,18615,192
9370,6191,8995091,3904,51512,57617,091
10370,1101,8995111,3885,02613,96418,990
11369,5991,8995131,3865,53915,35020,889
12369,0861,8995151,3846,05416,73422,788
13368,5711,8995171,3826,57118,11624,687

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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