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1623 TRIPP

City: CHICAGO ZIP: 60651

Built In: U

Lot Size: K

Lot Dimensions: 40X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $OWN

Unit 2 Floor 2: 3 bedrooms 1 baths $OWN

Detailed Listing Description

Spacious and bright, all brick 2 flat with a full finished basement. Over-sized lot, 40 x 125, concrete side drive. Large rooms, hardwood floors, ceramic tile bathrooms, vinyl windows. Second floor 3 bedrooms. Eat-in kitchens with nice wood cabinets, stainless steel appliances, ceramic tile floors and back splash. Balcony off the front bedroom upstairs. Natural wood trim throughout. Enclosed back porch. Finished basement with a full bath. Huge garage can fit 3 cars, and extra rooms ideal for storage or an artist's studio. Large patio in the back.Wrought iron fence in front. Great location in West Humboldt Park. Some exterior work needed. Sold as-is condition. No FHA or VA, please.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B,E,F
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 127% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 96% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,176 Monthly $2,098
Rental Income Stabilized : Annual $28,560 Monthly $2,380
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$438,9882$219,4942.53%17.440.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,098$2,380
Year Total$25,176$28,560
Expense
Total$14,085$14,085
Net Operating Income$11,091$14,475
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5312 $14708 $20020 $1669
Total         $5,312 $14,708 $20,020   $-8,929 $5,312 $-3,617
Stabilized         $5,312 $14,708 $20,020   $-5,545 $5,312 $-233
Custom         $5312 $14708 $20020   $-5545 $5312 $-233




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1329,2411,6694341,2354341,2351,669
2328,8071,6694361,2338702,4683,338
3328,3711,6694381,2311,3083,6995,007
4327,9331,6694391,2301,7474,9296,676
5327,4941,6694411,2282,1886,1578,345
6327,0531,6694431,2262,6317,38310,014
7326,6101,6694441,2253,0758,60811,683
8326,1661,6694461,2233,5219,83113,352
9325,7201,6694481,2213,96811,05315,021
10325,2731,6694491,2204,41712,27316,690
11324,8241,6694511,2184,86813,49118,359
12324,3731,6694531,2165,32114,70720,028
13323,9201,6694541,2155,77515,92221,697

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Listing Agent: Elizabeth Sidorowicz
Listing Office: RE/MAX Premier
1205 N. Dearborn Chicago

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