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2 Flat 1927 Lawndale Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1913

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: F

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1900

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Detailed Listing Description

What you have been waiting for. Turn Key Gut Renovated Logan Square 2 Flat + non conforming garden Greystone set on whimsical cul de sac steps to the 606 and walking distance to hip happening restaurants on Armitage. Classic Circa 1913 Greystone Front Elevation, New Electric, New Roof (layer) New Windows, Plumbing, Kitchens, Baths, HVAC and more. Unit 1 and 2 each 3 bedroom 1 bath, formal dining room, stained hardwood throughout, stainless, quartz, porcelain, central air, gas forced air, washer dryer in unit, rear decks, yard, front terrace. 2 car garage. Live close to free or operate as turn key rental. Rental Values are for Unit 1 currently owner occupied Sold as legal 2 flat. See picture floor plan for Unit 2 and G - Unit 1 similar to Unit 2 Unit 2 has lease @2100 per month through July 2020. See agent remarks. Show and sell.

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,D,E
  • Tenant Pays Unit 2B,C,D,E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,S
  • Appliances Unit 2A,B,C,D,E,F,I,S
Schools
  • Grade SchoolFUNSTON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolKELVYN PARK HIGH SCHOOL
  • 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 35% 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 30% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,000 Monthly $4,000
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0002$349,5004.65%14.560.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,000$3,512
Year Total$48,000$42,144
Expense
Total$15,470$15,470
Net Operating Income$32,530$26,674
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $653 $8,458 $9,111
Stabilized         $8,458 $23,419 $31,877   $-5,203 $8,458 $3,255
Custom         $8458 $23419 $31877   $-5203 $8458 $3255




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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