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2 Flat 2826 Lyndale Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1912

Lot Size: A

Lot Dimensions: 2400

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2200

Unit 2 Floor 2: 3 bedrooms 1 baths $2200

Gross Income $5,250

Detailed Listing Description

Pristine condition, imposing stately Chicago greystone in the heart of rapidly-appreciating Logan Square. Modern amenities and high-end finishes were blended during recent rehabs and updates with this beautiful building's original touches and they maintain its historical charm and character. Great location near major thoroughfares and steps to CTA and train for easy commute to the Loop. Utilities are separate, the units are rented to great tenants, terms is M/M for flexibility for both investors and owner occupants. The finished basement is occupied by the seller's relatives and it is a great in-law arrangement. Neither he nor the LA make any representation as to its legality as a 3rd unit, the zoning indicates 2 units. This property is a must-see.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • 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 56% 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 51% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $52,800 Monthly $4,400
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,400$3,512
Year Total$52,800$42,144
Net Operating Income$33,823$23,167
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9801 $27138 $36939 $3079
Total         $9,801 $27,138 $36,939   $-3,116 $9,801 $6,685
Stabilized         $9,801 $27,138 $36,939   $-13,772 $9,801 $-3,971
Custom         $9801 $27138 $36939   $-13772 $9801 $-3971

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Charles Nicholson
Listing Office: Nicholson Real Estate Services
545 Lorraine Elmhurst

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