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3 Flat 2049 Whipple Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 1 bedrooms 1 baths $0

Detailed Listing Description

OUTSTANDING 3-Flat or 4-Level SFH in Logan Square - Palmer Square. This property is a Legal 3-Flat, or can be a 4-Level SFH. Building height 41 feet, width 21 feet. A newly constructed building cannot be built this tall or wide. All these unique, 'non-conforming use features' can be preserved in a rehab, to create: * 4-Level single family home (with great skyline views from the top floor), or * Two Duplexes, or * 3-Units (with first floor unit duplexed to basement) The views from the top floor are exceptional! The third floor is higher than all surrounding buildings. A rehab will yield a unique 4-floor property that stands apart and above all the cookie-cutter "smart homes" being newly constructed. * Short walk to Blue Line subway (California stop) gets you inside O'Hare Airport in 25 minutes or the Loop downtown in 20 minutes, even during rush hours. * Palmer Square Park is a beautiful park just a 200-yard walk up Whipple St. NO TENANTS IN BUILDING.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3I
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
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 3 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 28% more than other 3 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 $47,914 Monthly $3,993
Rental Income Stabilized : Annual $59,892 Monthly $4,991
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,9003$166,6335.49%10.431.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,993$4,991
Year Total$47,914$59,892
Expense
Total$20,488$20,488
Net Operating Income$27,426$39,404
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6049 $16748 $22797 $1900
Total         $6,049 $16,748 $22,797   $4,629 $6,049 $10,678
Stabilized         $6,049 $16,748 $22,797   $16,607 $6,049 $22,656
Custom         $6049 $16748 $22797   $16607 $6049 $22656




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,9251,9004941,4064941,4061,900
2374,4311,9004961,4049902,8103,800
3373,9351,9004981,4021,4884,2125,700
4373,4371,9005001,4001,9875,6137,600
5372,9381,9005011,3992,4897,0119,500
6372,4361,9005031,3972,9928,40811,400
7371,9331,9005051,3953,4979,80313,300
8371,4281,9005071,3934,00511,19515,200
9370,9201,9005091,3914,51412,58617,100
10370,4111,9005111,3895,02513,97519,000
11369,9001,9005131,3875,53715,36320,900
12369,3881,9005151,3856,05216,74822,800
13368,8731,9005171,3836,56918,13124,700

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Listing Agent: Steven Koleno
Listing Office: Worth Clark Realty
780 Meadowsedge Lane Aurora

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