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2 Flat 2059 Ohio West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60612

Built In: 1888

Lot Size: A

Lot Dimensions: 24X60

Lot Description: E

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Attention DEVELOPERS & REHABBERS - GREAT OPPORTUNITY*Booming area in the heart of Ukrainian Village/WEST TOWN*Property sits on a Corner Lot with new construction, condos and high-end single family homes all around*Currently a 2 Flat - LOADS OF POTENTIAL*Ideal location-walking distance to restaurants, shopping and everything Chicago Avenue has to offer*

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60612

Listings in this Zip Code average: 2 to 3 units, and are priced at $326,800 to $381,361
This listing is 32% 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 28% 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 $25,901 Monthly $2,158
Rental Income Stabilized : Annual $32,376 Monthly $2,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$429,9002$214,9502.17%16.600.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,158$2,698
Year Total$25,901$32,376
Expense
Total$16,582$16,582
Net Operating Income$9,319$15,794
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5202 $14403 $19605 $1634
Total         $5,202 $14,403 $19,605   $-10,286 $5,202 $-5,084
Stabilized         $5,202 $14,403 $19,605   $-3,811 $5,202 $1,391
Custom         $5202 $14403 $19605   $-3811 $5202 $1391




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1322,4251,6344251,2094251,2091,634
2322,0001,6344261,2088512,4173,268
3321,5741,6344281,2061,2803,6224,902
4321,1451,6344301,2041,7094,8276,536
5320,7161,6344311,2032,1416,0298,170
6320,2841,6344331,2012,5737,2319,804
7319,8521,6344351,1993,0088,43011,438
8319,4171,6344361,1983,4449,62813,072
9318,9811,6344381,1963,88210,82414,706
10318,5431,6344391,1954,32112,01916,340
11318,1041,6344411,1934,76313,21117,974
12317,6621,6344431,1915,20514,40319,608
13317,2201,6344441,1905,65015,59221,242

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Listing Agent: Kelly Klaff
Listing Office: RE/MAX Vision 212
18241 S. 66th Ave. Tinley Park

© 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.