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2 Flat 3051 Drake Avondale Chicago IL Mu Investme

City: CHICAGO ZIP: 60618

Built In: 1896

Lot Size: K

Lot Dimensions: 57X125X65X105

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $FAM

Detailed Listing Description

Amazing opportunity for Homeowner or Developer in Hot Desirable Avondale/Logan Square neighborhood. Tons of new construction in the area. First and Second floor have great floor plan and identical layout, 2 bed and 1 bathroom with hardwood floors throughout. Attic unit is 1bed / 1 bath bonus area. Porches in front and entertainment area in the back. Perfect for owner occupant to live in one and rent out the other unit. This property provides easy access to the Loop, O'Hare, and recreation. 3 blocks to Logan blue line stations. Seconds to Expressway, Farmers Market, and all the Logan Square highlights and popular places! Large side yard with separate tax id number. 1 car detached Garage.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,F,J
  • Appliances Unit 2A,B,C,D,F,J
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 12% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 4% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $16,332 Monthly $1,361
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,361$2,933
Year Total$16,332$35,196
Net Operating Income$-198$18,666
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $-19,580 $5,143 $-14,437
Stabilized         $5,143 $14,239 $19,382   $-716 $5,143 $4,427
Custom         $5143 $14239 $19382   $-716 $5143 $4427

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ron Wexler
Listing Office: Keller Williams Preferred Rlty
16101 108th Ave., 2nd Floor Orland Park

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