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4 Flat 2842 Hamlin Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 37.5 X 122.5

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor B: 1 bedrooms 1 baths $600

Unit 3 Floor 1: 1 bedrooms 1 baths $700

Unit 4 Floor 2: 1 bedrooms 1 baths $600

Detailed Listing Description

Legal 4 unit investment property on this large lot in trendy Logan Square! Longtime owners took really good care of this home. In the main house three-bedrooms on the first floor ( hardwood floors under the carpet) and one-bedroom unit, plus a loft. In the coach house two one-bedroom apartments and a loft. All move in condition. Rents are low due to long-term tenants. Nice size garden. Also includes two or more parking spaces, along with coin-operated laundry to help the owner generate additional revenue. Easy access to CTA Belmont, Blue Lines, and Metra. Invest now and enjoy rent increases when the neighboorhood appreciates even more!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
  • Appliances Unit 1A,B,C,D,E,F,I,S
  • Appliances Unit 2A,B,F,I
  • Appliances Unit 3A,B,F
  • Appliances Unit 4A,B,F
  • 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 20% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 3% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $22,800 Monthly $1,900
Rental Income Stabilized : Annual $58,188 Monthly $4,849
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,900$4,849
Year Total$22,800$58,188
Net Operating Income$-4,085$31,303
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $-33,723 $7,864 $-25,859
Stabilized         $7,864 $21,774 $29,638   $1,665 $7,864 $9,529
Custom         $7864 $21774 $29638   $1665 $7864 $9529

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Agnieszka Kot
Listing Office: Troy Realty Ltd
7929 Sunset Dr Elmwood PaRK

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