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2 Flat 3740 Kedvale Irving Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60641

Built In: U

Lot Size: K

Lot Dimensions: 25 X 177

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1800

Unit 2 Floor 2: 3 bedrooms 1 baths $1800

Gross Income $43,200

Detailed Listing Description

Cash-flowing, fully renovated brick 2-flat on prime block in heart of Old Irving on an oversized 25' x 177' lot. Building grosses $3600/month. Both updated units have central air/heat, in-unit laundry, renovated stainless/quartz/Corian kitchens with newer appliances, renovated baths, updated paint, lighting and flooring, and high ceilings. Each unit has garage spot, large private deck and separately metered utilities. Unit 1 is a 2BR/1BA that duplexes to unfinished basement (roughly 7'+ clearance). Unit 2 is a 3BR/1BA simplex. Recent building updates include rebuilt parapets, tuckpointing work, silver coat on roof, rebuilt catch basin, garage roof tear-off and new gutters, and various electrical, plumbing and window updates. Roughly 2 blocks to Blue Line, Metra, highway, Backlot Coffee, Potbelly, etc., as well as St. Viator and Disney II. Agent-owned.

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
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,N,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,N,S
Schools
  • Grade SchoolSCAMMON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolSCAMMON ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 56% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 36% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $43,200 Monthly $3,600
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$585,0002$292,5004.32%13.540.44%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,600$2,571
Year Total$43,200$30,852
Expense
Total$17,942$17,942
Net Operating Income$25,258$12,910
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7079 $19599 $26678 $2224
Total         $7,079 $19,599 $26,678   $-1,420 $7,079 $5,659
Stabilized         $7,079 $19,599 $26,678   $-13,768 $7,079 $-6,689
Custom         $7079 $19599 $26678   $-13768 $7079 $-6689




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1438,7502,2245791,6455791,6452,224
2438,1712,2245811,6431,1603,2884,448
3437,5902,2245831,6411,7434,9296,672
4437,0072,2245851,6392,3286,5688,896
5436,4222,2245871,6372,9158,20511,120
6435,8352,2245901,6343,5059,83913,344
7435,2452,2245921,6324,09711,47115,568
8434,6532,2245941,6304,69113,10117,792
9434,0592,2245961,6285,28714,72920,016
10433,4632,2245991,6255,88616,35422,240
11432,8642,2246011,6236,48617,97824,464
12432,2642,2246031,6217,08919,59926,688
13431,6612,2246051,6197,69521,21728,912

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Listing Agent: Anne Marie Bonness
Listing Office: Compass
1950 W Henderson St Chicago

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