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2 Flat 3436 Cortland Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: U

Lot Size: L

Lot Dimensions: 25 X 138

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 3 baths $4500

Unit 2 Floor C: 3 bedrooms 2 baths $3000

Detailed Listing Description

Booming Logan Sq, The 606 black and white, Historic church conversion, restored from the ground up, a spectacular 3000 SFH Plus totally restored 3 bdrm 2 1/2 bth, 2400 sq ft coach hs. on a extra long corner lot, facing south w great views, within walking distance to 606, restaurants, farmers market, nightlife, and public transportation. Live in the front house and rent out the rear coach for $3000 A month or Air BNB for $50k a year One of kind development, features; Open floor plans, gourmet kitchens, professional grade SS appliances, Massive islands w Quartz counters, kohler fixtures, Ann Sacks/artistic artistic tile finishes, engineered 7" white oak flooring, Baldwin hardware etc..

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,N,S,U
  • Appliances Unit 2A,B,C,D,E,F,G,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 112% 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 105% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $90,000 Monthly $7,500
Rental Income Stabilized : Annual $90,000 Monthly $7,500
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,100,0002$550,0006.19%12.220.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,500$7,500
Year Total$90,000$90,000
Expense
Total$21,904$21,904
Net Operating Income$68,096$68,096
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13310 $36853 $50163 $4181
Total         $13,310 $36,853 $50,163   $17,933 $13,310 $31,243
Stabilized         $13,310 $36,853 $50,163   $17,933 $13,310 $31,243
Custom         $13310 $36853 $50163   $17933 $13310 $31243




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1825,0004,1811,0873,0941,0873,0944,181
2823,9134,1811,0913,0902,1796,1838,362
3822,8214,1811,0953,0863,2749,26912,543
4821,7264,1811,1003,0814,37412,35016,724
5820,6264,1811,1043,0775,47715,42820,905
6819,5234,1811,1083,0736,58518,50125,086
7818,4154,1811,1123,0697,69721,57029,267
8817,3034,1811,1163,0658,81324,63533,448
9816,1874,1811,1203,0619,93327,69637,629
10815,0674,1811,1243,05711,05830,75241,810
11813,9424,1811,1293,05212,18733,80445,991
12812,8134,1811,1333,04813,31936,85350,172
13811,6814,1811,1373,04414,45739,89654,353

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Listing Agent: Marc Devereux
Listing Office: Coldwell Banker Residential
1840 N. Clark Street Chicago

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