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2 Flat 2316 Tripp Hermosa Chicago IL Mu Investmen

City: CHICAGO ZIP: 60639

Built In: 1886

Lot Size: A

Lot Dimensions: 4095

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

Located in the Hermosa neighborhood this spacious property sits on an over sized lot. This property features a living room, dining room, kitchen, three bedrooms and a full bathroom on the first floor and a kitchen, living room, one bedroom and a full bathroom on the second floor. The basement is full and finished with an additional kitchen, living room, bedroom and full bathroom. There is also a fenced back yard and a detached 2 car garage. This is a Fannie Mae Homepath property.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60639

Listings in this Zip Code average: 2 to 3 units, and are priced at $280,900 to $319,732
This listing is 25% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Hermosa

Listings in this Neighborhood average: 3 to 4 units, with average prices of $410,000 to $410,271
This listing is 33% 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 $8,736 Monthly $728
Rental Income Stabilized : Annual $10,920 Monthly $910
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$209,9002$104,950-2.27%24.030.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$728$910
Year Total$8,736$10,920
Expense
Total$13,497$13,497
Net Operating Income$-4,761$-2,577
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2540 $7033 $9573 $798
Total         $2,540 $7,033 $9,573   $-14,334 $2,540 $-11,794
Stabilized         $2,540 $7,033 $9,573   $-12,150 $2,540 $-9,610
Custom         $2540 $7033 $9573   $-12150 $2540 $-9610




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1157,425798208590208590798
2157,2177982085904161,1801,596
3157,0097982095896251,7692,394
4156,8007982105888352,3573,192
5156,5907982115871,0462,9443,990
6156,3797982125861,2583,5304,788
7156,1677982125861,4704,1165,586
8155,9557982135851,6834,7016,384
9155,7427982145841,8975,2857,182
10155,5287982155832,1125,8687,980
11155,3137982165822,3286,4508,778
12155,0977982165822,5447,0329,576
13154,8817982175812,7617,61310,374

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Listing Agent: Jason Reiner
Listing Office: Solid Realty Services Inc
1225 Washington Ave Wilmette

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