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3 Flat 2901 Talman Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: 1923

Lot Size: K

Lot Dimensions: 28 X 125

Lot Description: E

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1700

Unit 2 Floor 2: 3 bedrooms 1 baths $1550

Unit 3 Floor 3: 1 bedrooms 1 baths $800

Detailed Listing Description

Rare opportunity to own an investment property in hot logan square ! Great corner brick 2 flat + garden unit on an Oversized lot on a quiet tree lined street. Very Well maintained Building, newer kitchens, bathrooms, nice hardwood floors throughout. Two large 3 Bed 1 bath units with finished walkout basement and garden unit. 2 car garage, fenced yard, sought after location. seller nor agent represents the legality of garden unit.

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
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 0% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 19% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $48,600 Monthly $4,050
Rental Income Stabilized : Annual $58,536 Monthly $4,878
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$589,0003$196,3334.25%12.120.83%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,050$4,878
Year Total$48,600$58,536
Expense
Total$23,579$23,579
Net Operating Income$25,021$34,957
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7127 $19733 $26860 $2239
Total         $7,127 $19,733 $26,860   $-1,839 $7,127 $5,288
Stabilized         $7,127 $19,733 $26,860   $8,097 $7,127 $15,224
Custom         $7127 $19733 $26860   $8097 $7127 $15224




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1441,7502,2395821,6575821,6572,239
2441,1682,2395851,6541,1673,3114,478
3440,5832,2395871,6521,7544,9636,717
4439,9962,2395891,6502,3436,6138,956
5439,4072,2395911,6482,9348,26111,195
6438,8162,2395931,6463,5289,90613,434
7438,2222,2395961,6434,12311,55015,673
8437,6272,2395981,6414,72113,19117,912
9437,0292,2396001,6395,32114,83020,151
10436,4292,2396021,6375,92416,46622,390
11435,8262,2396051,6346,52818,10124,629
12435,2222,2396071,6327,13519,73326,868
13434,6152,2396091,6307,74421,36329,107

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Listing Agent: Nadia Rahmani
Listing Office: Jameson Sotheby's Intl Realty
5100 N Marine Dr #10M Chicago

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