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4 Flat 1923 Richmond Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1882

Lot Size: K

Lot Dimensions: 2940

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1100

Unit 2 Floor 1: 2 bedrooms 1 baths $1400

Gross Income $60,600

Net Op. Income $49,600

Detailed Listing Description

IDEAL INVESTMENT! Fully-occupied four unit with awesome tenants, on time rents -- Heart of Booming Palmer Square, Grosses over $60k annually -8% cap rate - Two legal units (gross $2800/month), two non-conforming (gross $2200/month), WALK to California Blue Line - Stainless Steel Kitchens and Newer Baths, Copper Plumbing/Electric in 2010- Tenants Pay All Gas/Electric Except Garden/Common - Easy Access to 90/94 Expressway (10 Min to Downtown), Quiet One-Way Tree-Lined Street, Radiator Heat, Two Exterior Parking Spots, Great Yard, WALK to 606/Bloomingdale Trail and the City's Best Restaurants and Cocktail Bars, Surrounded by New Construction, Single Families, Great Neighbors, Near Bucktown, Wicker Park, Armitage Corridor and the Best of the West Side - Sit Back and Collect Rents!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E
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 13% 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 9% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,000 Monthly $2,500
Rental Income Stabilized : Annual $36,456 Monthly $3,038
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$585,0002$292,5002.33%19.500.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,500$3,038
Year Total$30,000$36,456
Expense
Total$16,359$16,359
Net Operating Income$13,641$20,097
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   $-13,037 $7,079 $-5,958
Stabilized         $7,079 $19,599 $26,678   $-6,581 $7,079 $498
Custom         $7079 $19599 $26678   $-6581 $7079 $498




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: Kristin Bird
Listing Office: Kale Realty
1927 W. Argyle St. #3 Chicago

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