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2 Flat 2021 Stave Logan Square Chicago IL Mu Inve

City: CHICAGO ZIP: 60647

Built In: 1890

Lot Size: A

Lot Dimensions: 20X38

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Agent owned. Fantastic operating short term rental (Airbnb) property in great location. Each unit is two bedrooms, 1 bath and there is a full unfinished basement for storage and laundry. Many updates including hot water heater (unit 1), kitchen remodel (unit 2), bathroom updates, and paint. Furniture/housewares available for purchase to make this a turnkey operation. Street permit parking. 2018 income over $50k. This is a seasoned money maker.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,J
  • Appliances Unit 2A,B,E,F,J
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 18% 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 21% 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 $30,749 Monthly $2,562
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$425,0002$212,5003.40%13.820.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,562$3,203
Year Total$30,749$38,436
Expense
Total$16,317$16,317
Net Operating Income$14,432$22,119
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $-4,950 $5,143 $193
Stabilized         $5,143 $14,239 $19,382   $2,737 $5,143 $7,880
Custom         $5143 $14239 $19382   $2737 $5143 $7880




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1318,7501,6164211,1954211,1951,616
2318,3291,6164221,1948432,3893,232
3317,9071,6164241,1921,2673,5814,848
4317,4831,6164251,1911,6924,7726,464
5317,0581,6164271,1892,1195,9618,080
6316,6311,6164291,1872,5487,1489,696
7316,2021,6164301,1862,9788,33411,312
8315,7721,6164321,1843,4109,51812,928
9315,3401,6164331,1833,84310,70114,544
10314,9071,6164351,1814,27911,88116,160
11314,4711,6164371,1794,71513,06117,776
12314,0351,6164381,1785,15414,23819,392
13313,5961,6164401,1765,59415,41421,008

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Listing Agent: Stacy Karel
Listing Office: @properties
1643 N. Winchester Chicago

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