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2 Flat 1042 Monticello Humboldt Park Chicago IL M

City: CHICAGO ZIP: 60651

Built In: 1908

Lot Size: L

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Classic Chicago 1908 brick 2 flat for sale in West Humboldt Park. Building is completely gutted, basement has been excavated for future duplex with high ceilings, new tear off roof, old garage has been removed. This building is ready for your ideas, awaiting for the right investor to finish what's already been started. Fast appreciating West Humboldt park with newly approved Chicago CPD & CFD training academy 1 mile away. Accessible public transportation, 10 minutes away from downtown, Wicker Park, Bucktown and much more. Bring your investor today, this one won't last long.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipN
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 22% 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 33% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $9,696 Monthly $808
Rental Income Stabilized : Annual $12,120 Monthly $1,010
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$149,9002$74,950-0.48%15.460.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$808$1,010
Year Total$9,696$12,120
Expense
Total$10,420$10,420
Net Operating Income$-724$1,700
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1814 $5023 $6837 $570
Total         $1,814 $5,023 $6,837   $-7,561 $1,814 $-5,747
Stabilized         $1,814 $5,023 $6,837   $-5,137 $1,814 $-3,323
Custom         $1814 $5023 $6837   $-5137 $1814 $-3323




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1112,425570148422148422570
2112,2775701494212978431,140
3112,1285701504204471,2631,710
4111,9785701504205971,6832,280
5111,8285701514197482,1022,850
6111,6775701514198992,5213,420
7111,5265701524181,0512,9393,990
8111,3745701524181,2033,3574,560
9111,2225701534171,3563,7745,130
10111,0695701534171,5094,1915,700
11110,9165701544161,6634,6076,270
12110,7625701554151,8185,0226,840
13110,6075701554151,9735,4377,410

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Listing Agent: Andre Rodriguez
Listing Office: E-Professional Realty
4614 W Dickens Ave Chicago

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