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2 Flat 2029 Iowa West Town Chicago IL Mu Investme

City: CHICAGO ZIP: 60622

Built In: 1890

Lot Size: L

Lot Dimensions: 24X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $1990

Unit 2 Floor 2: 3 bedrooms 3 baths $2590

Detailed Listing Description

GREAT INVESTMENT OPPORTUNITY IN FANTASTIC UKRAINIAN VILLAGE. Building has been continuously rented and is currently fully occupied. Total income is $4,580, rents are low due to long term tenants. High ceilings, hardwood floors and enclosed porches. Unfinished basement with washer and dryer, 2 car garage. Building has brand new roof. Owner and agent do not represent legality of additional living space. Being sold AS-IS.

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
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,J,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 47% 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 32% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,960 Monthly $4,580
Rental Income Stabilized : Annual $59,364 Monthly $4,947
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$789,0002$394,5004.17%14.360.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,580$4,947
Year Total$54,960$59,364
Expense
Total$22,072$22,072
Net Operating Income$32,888$37,292
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9547 $26434 $35981 $2999
Total         $9,547 $26,434 $35,981   $-3,093 $9,547 $6,454
Stabilized         $9,547 $26,434 $35,981   $1,311 $9,547 $10,858
Custom         $9547 $26434 $35981   $1311 $9547 $10858




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1591,7502,9997802,2197802,2192,999
2590,9702,9997832,2161,5634,4355,998
3590,1872,9997862,2132,3496,6488,997
4589,4012,9997892,2103,1378,85911,996
5588,6132,9997922,2073,92911,06614,995
6587,8212,9997952,2044,72413,27017,994
7587,0262,9997982,2015,52115,47220,993
8586,2292,9998012,1986,32217,67023,992
9585,4282,9998042,1957,12619,86526,991
10584,6242,9998072,1927,93222,05829,990
11583,8182,9998102,1898,74224,24732,989
12583,0082,9998132,1869,55526,43335,988
13582,1952,9998162,18310,37028,61738,987

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Listing Agent: Beata Rogowski
Listing Office: Coldwell Banker Residential
6124 N Tripp Chicago

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