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2 Flat 2912 Whipple Avondale Chicago IL Mu Invest

City: CHICAGO ZIP: 60618

Built In: 1901

Lot Size: A

Lot Dimensions: 24X126

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 2 baths $2200

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Gross Income $3,300

Detailed Listing Description

Well maintained 2 flat in the heart of Avondale! Minutes on foot to the Blue Line and easy access at I94. Unit 1 is duplexed-down and presents 4 bedrooms and 2 baths. Main has gleaming hardwood floors, spacious living room, formal dining room and a large kitchen. 2nd unit features cathedral ceilings, 2 bedrooms, and a full bath. Separate utilities. Property is central air and forced heat ready. Newer roof, siding, and windows on garden unit and first level. This property also has a large backyard and a 2 car brick garage. Sump pump installed to prevent any seepage. 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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • 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 7% 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 17% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,600 Monthly $3,300
Rental Income Stabilized : Annual $44,340 Monthly $3,695
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$515,0002$257,5004.22%13.010.72%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,300$3,695
Year Total$39,600$44,340
Expense
Total$17,886$17,886
Net Operating Income$21,714$26,454
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6232 $17254 $23486 $1958
Total         $6,232 $17,254 $23,486   $-1,772 $6,232 $4,460
Stabilized         $6,232 $17,254 $23,486   $2,968 $6,232 $9,200
Custom         $6232 $17254 $23486   $2968 $6232 $9200




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1386,2501,9585101,4485101,4481,958
2385,7401,9585111,4471,0212,8953,916
3385,2291,9585131,4451,5344,3405,874
4384,7161,9585151,4432,0505,7827,832
5384,2001,9585171,4412,5677,2239,790
6383,6831,9585191,4393,0868,66211,748
7383,1641,9585211,4373,60710,09913,706
8382,6431,9585231,4354,13011,53415,664
9382,1201,9585251,4334,65512,96717,622
10381,5951,9585271,4315,18214,39819,580
11381,0681,9585291,4295,71115,82721,538
12380,5391,9585311,4276,24217,25423,496
13380,0081,9585331,4256,77518,67925,454

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Listing Agent: Adam Zagata
Listing Office: d'aprile properties
1732 W Hubbard St. #2A Chicago

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