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2 Flat 4129 Bernard Irving Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60618

Built In: 1904

Lot Size: A

Lot Dimensions: 38X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Albany Park is one of the hottest markets in Chicago and this unique multi unit offers a buyer nothing but potential. The value here is unparalleled and the opportunity is endless, keep it as its current usage, rehab and rent out while values in the area soar! Tear down and build your dream home or convert to a single family and have a one of a kind home in an amazing area, either way you play it, the home is a win win!! Property offers hardwood floors, large spacious kitchens in each unit, deep lot and it is in the right location. Close to Dan Ryan, Close to Train, steps from Irving Park, the list goes on! Get inside today and appreciate all this home has to offer!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Appliances Unit 1O
  • Appliances Unit 2O
  • 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 51% 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 45% 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 $32,189 Monthly $2,682
Rental Income Stabilized : Annual $40,236 Monthly $3,353
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,682$3,353
Year Total$32,189$40,236
Net Operating Income$16,265$24,312
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $2844 $7874 $10718 $894
Total         $2,844 $7,874 $10,718   $5,547 $2,844 $8,391
Stabilized         $2,844 $7,874 $10,718   $13,594 $2,844 $16,438
Custom         $2844 $7874 $10718   $13594 $2844 $16438

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ryan Smith
Listing Office: Re/Max Properties
Downers Grove

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