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2 Flat 5915 Covey Ridge Loves Park IL Mu Investme

City: LOVES PARK ZIP: 61111

Built In: 1991

Lot Size: B

Lot Dimensions: 100X140

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 3 baths $0

Unit 2 Floor 1: 2 bedrooms 2 baths $0

Detailed Listing Description

Stunning duplex in Loves Park. Harlem schools. Each unit has over 1900 sq feet of living space. Great for live in owner and rent out the other side. Both sides have 2 Bedrooms with walk in closets, living room, family room, eat in kitchen, fireplace, deck and rec rooms in the lower level. 5915 features 3 baths, granite countertops, electric range and wall oven and 5917 has 2 baths gas stove. Both units feature oak cabinets, tall ceilings and laundry in the basement. Current live in owner does snow and lawn care. All new windows in 2016 and roof was replaced in 2010. New blacktop in 2017. This executive duplex has been very well maintained and is one of a kind.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces4
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,G,H
  • Tenant Pays Unit 2B,C,D,F
Appliances
  • Appliances Unit 1B,E,I,L,N,P,U,W,X
  • Appliances Unit 2A,B,E,I,L,N,P
Schools
  • Grade School District122
  • Jr High/Middle School District122
  • High School District122

Comparative Data

Zip Code Comparison: 61111

Listings in this Zip Code average: 31 to 32 units,

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $0 Monthly $0
Rental Income Stabilized : Annual $0 Monthly $0
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$229,0002$114,500-6.66%inf0.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$0$0
Year Total$0$0
Expense
Total$15,240$15,240
Net Operating Income$-15,240$-15,240
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2771 $7673 $10444 $871
Total         $2,771 $7,673 $10,444   $-25,684 $2,771 $-22,913
Stabilized         $2,771 $7,673 $10,444   $-25,684 $2,771 $-22,913
Custom         $2771 $7673 $10444   $-25684 $2771 $-22913




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1171,750871227644227644871
2171,5238712286434551,2871,742
3171,2958712296426831,9302,613
4171,0678712306419132,5713,484
5170,8378712306411,1433,2124,355
6170,6078712316401,3743,8525,226
7170,3768712326391,6074,4906,097
8170,1438712336381,8405,1286,968
9169,9108712346372,0735,7667,839
10169,6778712356362,3086,4028,710
11169,4428712366352,5447,0379,581
12169,2068712366352,7807,67210,452
13168,9708712376343,0178,30611,323

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Listing Agent: Dianne Parvin
Listing Office: Century 21 Affiliated
6952 Rote Rd. Suite #200 ROCKFORD

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