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2 Flat 2428 Campbell Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: U

Lot Size: L

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2250

Unit 2 Floor 1: 3 bedrooms 2 baths $2250

Gross Income $54,000

Net Op. Income $52,500

Detailed Listing Description

Huge 2-Flat in Hot Logan Square. Nice residential block of small multi-units and single family homes. Both units are duplexed (one up, one down). Huge 3 bedroom, 2 bath units (bottom unit has 2 basement bedrooms, 1 bedroom on first floor). Both have laundry in unit. Great rent and easy to rent out, but with additional rehab rents could be much higher. Exterior porches recently painted, second floor unit updated/refreshed recently (hardwood floors refinished etc.). 2 car garage, nicely kept yard. Great location near expressway. Money-maker or live in one unit, rent out the other.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • 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,C,D,E,I,N,P
  • Appliances Unit 2A,B,C,D,E,F,I,N,P
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 35% 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 30% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,000 Monthly $4,500
Rental Income Stabilized : Annual $62,016 Monthly $5,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$700,0002$350,0004.86%12.960.74%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,500$5,168
Year Total$54,000$62,016
Expense
Total$19,971$19,971
Net Operating Income$34,029$42,045
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8470 $23452 $31922 $2661
Total         $8,470 $23,452 $31,922   $2,107 $8,470 $10,577
Stabilized         $8,470 $23,452 $31,922   $10,123 $8,470 $18,593
Custom         $8470 $23452 $31922   $10123 $8470 $18593




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1525,0002,6616921,9696921,9692,661
2524,3082,6616951,9661,3873,9355,322
3523,6132,6616971,9642,0855,8987,983
4522,9152,6617001,9612,7857,85910,644
5522,2152,6617031,9583,4879,81813,305
6521,5132,6617051,9564,19311,77315,966
7520,8072,6617081,9534,90113,72618,627
8520,0992,6617111,9505,61115,67721,288
9519,3892,6617131,9486,32517,62423,949
10518,6752,6617161,9457,04019,57026,610
11517,9602,6617191,9427,75921,51229,271
12517,2412,6617211,9408,48023,45231,932
13516,5202,6617241,9379,20525,38834,593

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Listing Agent: Michelle Orton Loftus
Listing Office: Dream Town Realty
311 South Blvd Oak Park

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