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2 Flat 3575 MILwaukee Irving Park Chicago IL Mu I

City: CHICAGO ZIP: 60641

Built In: 1910

Lot Size: A

Lot Dimensions: 26 X 150

Lot Description: H,O

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1000

Gross Income $12,000

Detailed Listing Description

Well-maintained Old Irving Park jumbo two-flat with finished attic and partially-finished basement with full bath and front and rear walk-outs, zoned C1-1. Bright, spacious units. Major improvements include newer roof, replacement windows, newer vinyl siding, updated electrical panels. First-floor unit has refinished hardwood floors, renovated bath and kitchen. Second-floor has three bedrooms, hardwood under carpet. Large room sizes accommodate larger furniture. Plenty of parking for live-in owner and tenants, too. Coin laundry in basement. Private, fenced garden with patio provides intimate space for warm-weather relaxation. Paved alley. Walk to CTA Blue Line, METRA Milwaukee District trains. Shopping, restaurants, services nearby, too. An excellent property in an excellent location!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG,S
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
Schools
  • Grade SchoolSCAMMON ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • 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 7% 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 7% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $12,000 Monthly $1,000
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9002$199,950-0.60%33.330.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,000$2,571
Year Total$12,000$30,852
Expense
Total$14,417$14,417
Net Operating Income$-2,417$16,435
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4839 $13398 $18237 $1520
Total         $4,839 $13,398 $18,237   $-20,654 $4,839 $-15,815
Stabilized         $4,839 $13,398 $18,237   $-1,802 $4,839 $3,037
Custom         $4839 $13398 $18237   $-1802 $4839 $3037




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,9251,5203951,1253951,1251,520
2299,5301,5203971,1237922,2483,040
3299,1331,5203981,1221,1903,3704,560
4298,7351,5204001,1201,5904,4906,080
5298,3351,5204011,1191,9915,6097,600
6297,9341,5204031,1172,3946,7269,120
7297,5311,5204041,1162,7987,84210,640
8297,1271,5204061,1143,2048,95612,160
9296,7211,5204071,1133,61110,06913,680
10296,3141,5204091,1114,02011,18015,200
11295,9051,5204101,1104,43112,28916,720
12295,4941,5204121,1084,84213,39818,240
13295,0831,5204131,1075,25614,50419,760

Explore Nearby Neighborhoods

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Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Listing Agent: Donald Pasek
Listing Office: Omniterra Real Properties Inc.
6453 N. Minnehaha Chicago

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