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2 Flat 2325 Albany Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1892

Lot Size: A

Lot Dimensions: 0.717

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Detailed Listing Description

Very motivated Seller. Bring us offers!! Welcome to Hot Logan Square neighborhood!!!Terrific opportunity to own a Zoned 2-flat building!!! Rehabbed 1-st floor(owners occupied)features 2bed/1bath duplex down w/additional 2 bed/1full bath, laundry room (on the basement level).Beautiful, fully renovated kitchen w/white cabinets, SS appliances, granite counters. Renovated bath. The 2-nd unit is in an original condition and featuring 1bed/1bath, office, combo LR/DR. The back of both units lead out to a bi-level wood porch. Tenants pay their own utilities. Very close to ALL public transportation, nightlife, fast drive to Kennedy. Great potential for a single family or keep as two flat. Property sold as-is.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E,F,I,S
  • Appliances Unit 2A,B,I
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 19% 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $51,084 Monthly $4,257
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$615,0002$307,5000.13%42.710.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$4,257
Year Total$14,400$51,084
Expense
Total$13,594$13,594
Net Operating Income$806$37,490
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7442 $20605 $28047 $2338
Total         $7,442 $20,605 $28,047   $-27,241 $7,442 $-19,799
Stabilized         $7,442 $20,605 $28,047   $9,443 $7,442 $16,885
Custom         $7442 $20605 $28047   $9443 $7442 $16885




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1461,2502,3386081,7306081,7302,338
2460,6422,3386111,7271,2193,4574,676
3460,0312,3386131,7251,8325,1827,014
4459,4182,3386151,7232,4476,9059,352
5458,8032,3386171,7213,0648,62611,690
6458,1862,3386201,7183,68410,34414,028
7457,5662,3386221,7164,30612,06016,366
8456,9442,3386241,7144,93113,77318,704
9456,3192,3386271,7115,55815,48421,042
10455,6922,3386291,7096,18717,19323,380
11455,0632,3386321,7066,81818,90025,718
12454,4322,3386341,7047,45220,60428,056
13453,7982,3386361,7028,08822,30630,394

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Listing Agent: Mariola Buchowska
Listing Office: Red Zone Realty Group Inc.
875 PICCADILLY RD HIGHLAND PARK

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