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2 Flat 2840 Wellington Avondale Chicago IL Mu Inv

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1275

Unit 2 Floor 2: 3 bedrooms 2 baths $2425

Detailed Listing Description

Charming and tastefully rehabbed two unit building in the heart of North and West Logan Square. The property features a newly rehabbed, 2017, one bedroom ground floor unit with hardwood floors. Open living room/kitchen with table space looking south onto well manicured, tree lined street. Large walk-in entry closet, neutral bathroom and in unit laundry. Steps to shared landscaped fenced yard and two car garage. Unit two is 1600 sq ft, sun-filled with hardwood floors. South facing living room adjoins to white kitchen with stainless appliances. Full size laundry room. North facing deck off kitchen steps down to backyard. One bedroom/office on first level of duplex unit. Second level offers two bedrooms with shared bath. Master bedroom adjoins to office/nursery with back deck overlooking grass yard.

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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
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B,F
  • 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 3% 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 13% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $44,400 Monthly $3,700
Rental Income Stabilized : Annual $45,288 Monthly $3,774
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,700$3,774
Year Total$44,400$45,288
Net Operating Income$26,341$27,229
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6020 $16668 $22688 $1891
Total         $6,020 $16,668 $22,688   $3,653 $6,020 $9,673
Stabilized         $6,020 $16,668 $22,688   $4,541 $6,020 $10,561
Custom         $6020 $16668 $22688   $4541 $6020 $10561

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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