Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









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 42% 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
$144,9002$72,450-2.66%10.061.24%
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 $1754 $4855 $6609 $551
Total         $1,754 $4,855 $6,609   $-10,460 $1,754 $-8,706
Stabilized         $1,754 $4,855 $6,609   $-3,260 $1,754 $-1,506
Custom         $1754 $4855 $6609   $-3260 $1754 $-1506




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1108,675551143408143408551
2108,5325511444072878151,102
3108,3885511454064321,2211,653
4108,2435511454065771,6272,204
5108,0985511464057232,0322,755
6107,9525511464058692,4373,306
7107,8065511474041,0162,8413,857
8107,6595511474041,1633,2454,408
9107,5125511484031,3113,6484,959
10107,3645511484031,4594,0515,510
11107,2165511494021,6084,4536,061
12107,0675511494021,7584,8546,612
13106,9175511504011,9085,2557,163

Explore Nearby Neighborhoods

LakeviewNearby Neighborhoods X Plus Real Estate

Lakeview

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

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

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.