Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









2 Flat 1807 Race West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60622

Built In: 1885

Lot Size: A

Lot Dimensions: 24X90

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Turnkey Airbnb Investment with +90% annual occupancy. Legally operated and registered with the City of Chicago. Strong cashflow and NOI. This all-around brick Two-Flat has been rehabbed within the last year with modern finishings, Updated Kitchen, Updated Bathrooms and hardwood floors. Has Central Air, In-Unit Washer/Dryer Combo and Two Private Parking Spots in the back. Can be sold fully furnished. 15 minutes to Downtown Chicago. 10 minutes to Wicker Park. Serious offers only.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • 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
  • Appliances Unit 2A,B,C,D,E,I
Schools
  • Grade SchoolTALCOTT ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolWELLS COMMUNITY ACADEMY SENIOR H
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 21% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,296 Monthly $1,858
Rental Income Stabilized : Annual $44,580 Monthly $3,715
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$648,0002$324,0000.54%29.060.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,858$3,715
Year Total$22,296$44,580
Expense
Total$18,768$18,768
Net Operating Income$3,528$25,812
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7841 $21710 $29551 $2463
Total         $7,841 $21,710 $29,551   $-26,023 $7,841 $-18,182
Stabilized         $7,841 $21,710 $29,551   $-3,739 $7,841 $4,102
Custom         $7841 $21710 $29551   $-3739 $7841 $4102




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1486,0002,4636411,8236411,8232,463
2485,3602,4636431,8201,2833,6434,926
3484,7172,4636451,8181,9295,4607,389
4484,0712,4636481,8152,5767,2769,852
5483,4242,4636501,8133,2279,08812,315
6482,7732,4636531,8103,87910,89914,778
7482,1212,4636551,8084,53412,70717,241
8481,4662,4636581,8055,19214,51219,704
9480,8082,4636601,8035,85216,31522,167
10480,1482,4636621,8016,51418,11624,630
11479,4862,4636651,7987,17919,91427,093
12478,8212,4636671,7967,84721,70929,556
13478,1532,4636701,7938,51623,50332,019

Explore Nearby Neighborhoods

Portage ParkNearby Neighborhoods X Plus Real Estate

Portage Park

LakeviewNearby Neighborhoods X Plus Real Estate

Lakeview

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Listing Agent: Steven Koleno
Listing Office: Worth Clark Realty
780 Meadowsedge Lane Aurora

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.