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3 Flat 2948 Fairfield Avondale Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1892

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 2: 3 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Unit 3 Floor G: 1 bedrooms 1 baths $0

Detailed Listing Description

BEAUTIFUL GREYSTONE IN AVONDALE ON THE BORDER OF LOGAN SQUARE. FANTASTIC OPPORTUNITY FOR OWNERS/INVESTORS ALIKE! UNIT TWO HAS 3 BED 1 BATH, UNIT ONE HAS 2 BED 1 BATH. FINISHED BSMT HAS 1 BED APT, KITCHEN, LIVING ROOM AND FULL BATH. UNITS ONE & TWO HAVE HARDWOOD THROUGHOUT, SEPARATE KITCHENS WITH LIVING AND DINING ROOMS. EASY TO LEASE IN CURRENT CONDITION OR EASY TO UPDATE FOR ADDED INCOME. NICE SIZE YARD. TWO CAR BRICK GARAGE. CLOSE TO SCHOOLS, PUBLIC TRANSPORTATION AND EXPRESSWAY.

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 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3C,D
Appliances
  • Appliances Unit 1A,B,N,S,U
  • Appliances Unit 2A,B,N,S,U
  • Appliances Unit 3A,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 17% more than other 3 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 1% 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 $42,902 Monthly $3,575
Rental Income Stabilized : Annual $53,628 Monthly $4,469
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$489,9003$163,3005.62%11.420.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,575$4,469
Year Total$42,902$53,628
Expense
Total$15,369$15,369
Net Operating Income$27,533$38,259
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5928 $16413 $22341 $1862
Total         $5,928 $16,413 $22,341   $5,192 $5,928 $11,120
Stabilized         $5,928 $16,413 $22,341   $15,918 $5,928 $21,846
Custom         $5928 $16413 $22341   $15918 $5928 $21846




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1367,4251,8624841,3784841,3781,862
2366,9411,8624861,3769702,7543,724
3366,4551,8624881,3741,4584,1285,586
4365,9671,8624901,3721,9485,5007,448
5365,4771,8624911,3712,4396,8719,310
6364,9861,8624931,3692,9328,24011,172
7364,4931,8624951,3673,4279,60713,034
8363,9981,8624971,3653,92410,97214,896
9363,5011,8624991,3634,42312,33516,758
10363,0021,8625011,3614,92413,69618,620
11362,5011,8625031,3595,42715,05520,482
12361,9981,8625051,3575,93116,41322,344
13361,4941,8625061,3566,43817,76824,206

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Listing Agent: Thomas Gibbons
Listing Office: Fairgreen Real Estate LLC
7009 W Sunnyside Ave Norridge

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