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2 Flat 3229 Kenneth Irving Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60641

Built In: 1920

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $1200

Detailed Listing Description

All brick 2-unit building with newer windows, tuckpointing, roof. 1st floor 2 br with enclosed porch, 2nd floor 3 br with additional enclosed porch! You can live in one and rent the other units to reduce your mortgage, or can rent all untis, units are spacious with formal dining rooms. Finished basement with 2 br, 1bath(needs updating) with duplex possibilities. Close to all transportations. Property needs TLC.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipN
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,D
  • Tenant Pays Unit 2B,D
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • 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 4% 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 9% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$2,571
Year Total$26,400$30,852
Net Operating Income$10,584$15,036
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $4718 $13063 $17781 $1482
Total         $4,718 $13,063 $17,781   $-7,197 $4,718 $-2,479
Stabilized         $4,718 $13,063 $17,781   $-2,745 $4,718 $1,973
Custom         $4718 $13063 $17781   $-2745 $4718 $1973

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Doris Rivera
Listing Office: Coldwell Banker Residential
5725 W. Goodman Chicago

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