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3 Flat 2142 Estes West Ridge Chicago IL Mu Invest

City: Chicago ZIP: 60645

Built In: 1911

Lot Size: A

Lot Dimensions: 30 X 135

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1650

Unit 2 Floor 2: 3 bedrooms 1 baths $1625

Detailed Listing Description

Rarely available jumbo brick 2 Flat with garden apartment!. Oversized lot and exceptionally large units! Fully occupied! Building is in excellent condition and strong income. Two car garage Short walk to the Lake and just steps away from all major transportation. A real money maker!! New Boiler 2016, Roof and Tuck-pointing 2009, Windows Replaced 2007, Water Heater 2007, Garage early 2000's

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Appliances Unit 1A,B,E,N,S
  • Appliances Unit 2A,B,E,N,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60645

Listings in this Zip Code average: 3 to 4 units, and are priced at $502,904 to $618,267
This listing is 25% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Ridge

Listings in this Neighborhood average: 2 to 3 units, with average prices of $461,847 to $506,048
This listing is 23% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $39,300 Monthly $3,275
Rental Income Stabilized : Annual $38,496 Monthly $3,208
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,275$3,208
Year Total$39,300$38,496
Net Operating Income$21,187$20,383
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6885 $19063 $25948 $2163
Total         $6,885 $19,063 $25,948   $-4,761 $6,885 $2,124
Stabilized         $6,885 $19,063 $25,948   $-5,565 $6,885 $1,320
Custom         $6885 $19063 $25948   $-5565 $6885 $1320

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Roman Serra
Listing Office: Spaces Real Estate LLC
3223 N Sheffield Chicago

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