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2 Flat 368 Luella Calumet City IL Mu Investment

City: CALUMET CITY ZIP: 60409

Built In: 1970

Lot Size: A

Lot Dimensions: 42X122X43X121

Lot Description: E

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1200

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Corner 2 Flat with framed basement ready to be finished as possible two level owner occupied unit. 1st floor tenant is month to month, the top floor is vacant so the possibilities are endless. Each unit has 3 bedrooms, 1 & 1/2 baths , hardwood floors and a nice balcony. . Tenant pays electric and gas. 3 car garage rent-able for added income.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
Schools
  • Grade School District155
  • Jr High/Middle School District155
  • High School District215

Comparative Data

Zip Code Comparison: 60409

Listings in this Zip Code average: 4 to 5 units, and are priced at $164,109 to $138,975
This listing is 40% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $21,600 Monthly $1,800
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$142,9002$71,450-2.69%9.921.26%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$1,800
Year Total$14,400$21,600
Expense
Total$18,251$18,251
Net Operating Income$-3,851$3,349
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1729 $4788 $6517 $544
Total         $1,729 $4,788 $6,517   $-10,368 $1,729 $-8,639
Stabilized         $1,729 $4,788 $6,517   $-3,168 $1,729 $-1,439
Custom         $1729 $4788 $6517   $-3168 $1729 $-1439




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1107,175544142402142402544
2107,0335441434012858031,088
3106,8905441434014281,2041,632
4106,7475441444005721,6042,176
5106,6035441444007162,0042,720
6106,4595441453998612,4033,264
7106,3145441453991,0062,8023,808
8106,1695441463981,1523,2004,352
9106,0235441463981,2983,5984,896
10105,8775441473971,4453,9955,440
11105,7305441483961,5934,3915,984
12105,5825441483961,7414,7876,528
13105,4345441493951,8895,1837,072

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Listing Agent: Tony DeSanti
Listing Office: Century 21 Pride Realty

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