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2 Flat 196 Glade Elmhurst IL Mu Investment

City: ELMHURST ZIP: 60126

Built In: 1940

Lot Size: A

Lot Dimensions: 50 X 167 X 50 X 167

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

Cute & Cozy 2 unit home with great potential in Elmhurst. 1st floor unit consists of living room with gleaming wood laminate floors and cute archways, kitchen, 2 bedrooms with lots of natural light, and updated bathroom. Basement features large recreation area, bedroom, & bonus room great for extra storage. 2nd floor unit has a separate kitchen, living room and bedroom with adjoining bathroom and has separate electric service. Other features include over sized 2.5 car detached garage, large fenced yard, and is close to parks and shopping. This home is currently zoned as a 2 unit building (per city) with separate entrances. Many potential uses - live in one unit & rent the other, rent both as a investment property, or buy as a tear down and build your dream home as others have done on the same street! Very livable but is being sold as-is.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District205
  • Jr High/Middle School District205
  • High School District205

Comparative Data

Zip Code Comparison: 60126

Listings in this Zip Code average: 2 units, and are priced at around $455,000
This listing is 43% more than other 2 unit listings in this zipcode.

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

Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $12,000 Monthly $1,000
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$259,0002$129,500-1.66%26.980.39%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$1,000
Year Total$9,600$12,000
Expense
Total$13,906$13,906
Net Operating Income$-4,306$-1,906
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3134 $8678 $11812 $985
Total         $3,134 $8,678 $11,812   $-16,118 $3,134 $-12,984
Stabilized         $3,134 $8,678 $11,812   $-13,718 $3,134 $-10,584
Custom         $3134 $8678 $11812   $-13718 $3134 $-10584




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1194,250985257728257728985
2193,9939852587275141,4561,970
3193,7369852587277732,1822,955
4193,4779852597261,0322,9083,940
5193,2189852607251,2923,6334,925
6192,9589852617241,5544,3565,910
7192,6969852627231,8165,0796,895
8192,4349852637222,0805,8007,880
9192,1709852647212,3446,5218,865
10191,9069852657202,6097,2419,850
11191,6419852667192,8767,95910,835
12191,3749852677183,1438,67711,820
13191,1079852687173,4119,39412,805

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Listing Agent: Tim Binning
Listing Office: RE/MAX All Pro

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