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2 Flat 4906 Spaulding Albany Park Chicago IL Mu I

City: CHICAGO ZIP: 60625

Built In: 1905

Lot Size: K

Lot Dimensions: 45 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 4 bedrooms 1 baths $0

Detailed Listing Description

Rehabbers dream. Perfect opportunity in Albany Park to remodel this 3000 sq ft 2 flat with a full basement that sits on an extra wide 45' x 125' lot. Convert it into a single family home or keep it as a multi family dwelling. Live in a great neighborhood boasting nightlife, restaurants, and shopping. 2 blocks to the Brown Line, access to parks and running paths. Nearby schools include Hibbard elementary (across the st.), Edison Regional Gifted Center (1 block away), 2 blocks to Von Stuben Metroplitan Science Center, less than a mile to Northside College Preparatory HS.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District219
  • Jr High/Middle School District219
  • High School District219

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 1% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 38% 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 $15,955 Monthly $1,330
Rental Income Stabilized : Annual $19,944 Monthly $1,662
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$529,0492$264,5250.01%33.160.31%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,330$1,662
Year Total$15,955$19,944
Expense
Total$15,893$15,893
Net Operating Income$62$4,051
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6402 $17725 $24127 $2011
Total         $6,402 $17,725 $24,127   $-24,065 $6,402 $-17,663
Stabilized         $6,402 $17,725 $24,127   $-20,076 $6,402 $-13,674
Custom         $6402 $17725 $24127   $-20076 $6402 $-13674




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1396,7872,0115231,4885231,4882,011
2396,2642,0115251,4861,0482,9744,022
3395,7392,0115271,4841,5754,4586,033
4395,2122,0115291,4822,1045,9408,044
5394,6832,0115311,4802,6357,42010,055
6394,1522,0115331,4783,1688,89812,066
7393,6192,0115351,4763,70310,37414,077
8393,0842,0115371,4744,24011,84816,088
9392,5472,0115391,4724,77913,32018,099
10392,0082,0115411,4705,32014,79020,110
11391,4672,0115431,4685,86316,25822,121
12390,9242,0115451,4666,40817,72424,132
13390,3792,0115471,4646,95519,18826,143

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Listing Agent: Nate Iden
Listing Office: Pearson Realty Group
346 Jefferson Ave Glencoe

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