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2 Flat 516 Hermitage West Town Chicago IL Mu Inve

City: CHICAGO ZIP: 60622

Built In: 1890

Lot Size: A

Lot Dimensions: 25 X 80

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

East Village Remodeled 2 flat, First Floor unit, newly refinished hardwood floors, New Appliances, New bath, new plumbing, lighting, large walk in closet with built-in shelving, 2nd floor unit, new carpeting throughout, new bath, new rear stairs, attic with great expansion possibilities, some new tuckpointing, 2 CAC units, Close to L stops (Green & Blue lines), easy access to loop and expressways.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 2% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 12% more than other 2 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 $32,515 Monthly $2,710
Rental Income Stabilized : Annual $40,644 Monthly $3,387
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$524,9002$262,4502.77%16.140.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,710$3,387
Year Total$32,515$40,644
Expense
Total$17,990$17,990
Net Operating Income$14,525$22,654
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6351 $17586 $23937 $1995
Total         $6,351 $17,586 $23,937   $-9,412 $6,351 $-3,061
Stabilized         $6,351 $17,586 $23,937   $-1,283 $6,351 $5,068
Custom         $6351 $17586 $23937   $-1283 $6351 $5068




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1393,6751,9955191,4765191,4761,995
2393,1561,9955211,4741,0392,9513,990
3392,6361,9955231,4721,5624,4235,985
4392,1131,9955251,4702,0875,8937,980
5391,5881,9955271,4682,6137,3629,975
6391,0621,9955291,4663,1428,82811,970
7390,5331,9955301,4653,67210,29313,965
8390,0031,9955321,4634,20511,75515,960
9389,4701,9955341,4614,73913,21617,955
10388,9361,9955361,4595,27614,67419,950
11388,3991,9955391,4565,81416,13121,945
12387,8611,9955411,4546,35517,58523,940
13387,3201,9955431,4526,89719,03825,935

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Listing Agent: Monica Walsh
Listing Office: Solid Realty Services Inc
2134 N. Natchez #2N Chicago

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