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2 Flat 4042 Kolmar Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60641

Built In: 1906

Lot Size: A

Lot Dimensions: 50X126

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1700

Unit 2 Floor 2: 4 bedrooms 3 baths $2475

Detailed Listing Description

Old Irving Park Jumbo Two Flat will not disappoint!***DOUBLE LOT***Two PIN numbers**TWO LARGE UNITS *** 2nd Floor is a HUGE DUPLEX UP with 4bed/3bath . 1st floor is a 3 Bed/1Bath . Each unit has its own separate laundry.The property features a 2.5 Car Garage and a HUGE DECK/PATIO in the back for grill'n & chill'n! .Rental comps show properties renting well above current value. Great Opportunity to live in 1 unit and rent the other out and have very low costs. Both have new kitchens , new baths, separate GFA/CA. Refinished hardwood floors throughout. Updated electric, plumbing ,HVAC with Central A/C . Near Blue Line EL, Metra, Xways, 20 minutes to O'Hare, the Loop and the North Shore.

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

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 72% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 50% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $50,100 Monthly $4,175
Rental Income Stabilized : Annual $50,100 Monthly $4,175
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$645,0002$322,5005.18%12.870.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,175$4,175
Year Total$50,100$50,100
Expense
Total$16,662$16,662
Net Operating Income$33,438$33,438
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7804 $21610 $29414 $2452
Total         $7,804 $21,610 $29,414   $4,024 $7,804 $11,828
Stabilized         $7,804 $21,610 $29,414   $4,024 $7,804 $11,828
Custom         $7804 $21610 $29414   $4024 $7804 $11828




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1483,7502,4526381,8146381,8142,452
2483,1122,4526401,8121,2783,6264,904
3482,4722,4526431,8091,9215,4357,356
4481,8292,4526451,8072,5667,2429,808
5481,1842,4526481,8043,2149,04612,260
6480,5362,4526501,8023,86410,84814,712
7479,8862,4526521,8004,51612,64817,164
8479,2342,4526551,7975,17114,44519,616
9478,5792,4526571,7955,82816,24022,068
10477,9222,4526601,7926,48818,03224,520
11477,2622,4526621,7907,15019,82226,972
12476,6002,4526651,7877,81521,60929,424
13475,9352,4526671,7858,48223,39431,876

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Listing Agent: SilviuCosmin Moldovan
Listing Office: Domain Realty
1247 Elm Street Winnetka

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