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3644 ALBANY

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 25 X 125.29

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $OWNR

Unit 2 Floor 2: 2 bedrooms 1 baths $OWNR

Unit 3 Floor G: 2 bedrooms 1 baths $640

Detailed Listing Description

Welcome home to an immaculately maintained, all brick, 2-unit building that is move-in ready condition, and in an excellent area! You can live in one unit and rent out the other units to reduce your mortgage payment, or you can rent out all units! Each unit features h/w flooring, a formal LR/DR, two (2) spacious bedrooms with generous closet space, an in-unit washer/dryer, and many large windows for that natural, crisp sunlight. Then, enjoy the large kitchen with its beautiful cabinetry and its s/s appliance set! Each unit can easily rent for $1,400 per month. Go with FHA financing at 3.5% down for a mortgage payment of about $3,025/month and then subtract out the rental income from one of the units for a net payment of $1,625/month. Go with conventional financing at 20% down for a mortgage payment of about $2,650/month and then subtract out the rental income from one of the units for a net payment of $1,250/month. NOTE: All highest-and-best offers are due by 8 pm on April 7, 2019.

Additional Property Details

Garage & Parking
  • Gargage DetailsB
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,P,S
  • 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 15% more than other 3 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 1% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $40,776 Monthly $3,398
Rental Income Stabilized : Annual $51,300 Monthly $4,275
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$500,0003$166,6673.86%12.260.85%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,398$4,275
Year Total$40,776$51,300
Expense
Total$21,495$21,495
Net Operating Income$19,281$29,805
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6050 $16752 $22802 $1901
Total         $6,050 $16,752 $22,802   $-3,521 $6,050 $2,529
Stabilized         $6,050 $16,752 $22,802   $7,003 $6,050 $13,053
Custom         $6050 $16752 $22802   $7003 $6050 $13053




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1375,0001,9014951,4064951,4061,901
2374,5051,9014971,4049912,8113,802
3374,0091,9014981,4031,4904,2135,703
4373,5101,9015001,4011,9905,6147,604
5373,0101,9015021,3992,4927,0139,505
6372,5081,9015041,3972,9968,41011,406
7372,0041,9015061,3953,5029,80513,307
8371,4981,9015081,3934,01011,19815,208
9370,9901,9015101,3914,52012,58917,109
10370,4801,9015121,3895,03213,97819,010
11369,9681,9015141,3875,54515,36620,911
12369,4551,9015161,3856,06116,75122,812
13368,9391,9015171,3846,57818,13524,713

Explore Nearby Neighborhoods

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Albany Park

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

North CenterNearby Neighborhoods X Plus Real Estate

North Center

Listing Agent: Peter Drossos
Listing Office: Keller Williams Chicago-O'Hare
8029 W. BERWYN AVE. CHICAGO

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.