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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

Spacious framed 2-flat located in the Hermosa neighborhood 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 21% 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 29% 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
$220,9002$110,450-2.16%25.290.41%
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 $2673 $7401 $10074 $840
Total         $2,673 $7,401 $10,074   $-14,835 $2,673 $-12,162
Stabilized         $2,673 $7,401 $10,074   $-12,651 $2,673 $-9,978
Custom         $2673 $7401 $10074   $-12651 $2673 $-9978




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1165,675840219621219621840
2165,4568402206204381,2421,680
3165,2378402206206591,8612,520
4165,0168402216198802,4803,360
5164,7958402226181,1023,0984,200
6164,5738402236171,3253,7155,040
7164,3508402246161,5484,3325,880
8164,1278402256151,7734,9476,720
9163,9028402256151,9985,5627,560
10163,6778402266142,2246,1768,400
11163,4518402276132,4526,7889,240
12163,2238402286122,6797,40110,080
13162,9968402296112,9088,01210,920

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

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