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3 Flat 2521 Campbell Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1901

Lot Size: K

Lot Dimensions: 37'6" X 125'10.5"

Lot Description: D,H,L,N

# of Units: 3

Unit 1 Floor L: 2 bedrooms 1 baths $940

Unit 2 Floor 1: 2 bedrooms 1 baths $950

Unit 3 Floor 2: 3 bedrooms 1 baths $970

Gross Income $34,920

Detailed Listing Description

Opportunity awaits in this legal 3-flat on an oversized 37.5' lot with a side yard, 3-car garage & patio space...a half block from the Boulevard! The units are occupied by longtime tenants and under-market rents. Note that the units all need to be updated and rehabbed but you have great bones for turning this into generational wealth! The roof was a tear-off in 2011 and each unit has its own 100 amp circuit breaker (3 total) , gas meter (3 total), their own HVAC sources, and a combination of hardwood & carpeting. Unit 1 has its own central AC and furnace (2004-ish), 2 big walk-in closets plus 2 bedroom closets, and approx. 800 sq. ft. Unit 2 has its own hot H20 boiler (25 yrs. old), massive walk-in closets (one could even be an extra bedroom), a separate dining room plus a sitting room and approx. 1062 sq. ft. Unit 3 has its own boiler (25 yrs. old), 6 closets (almost all of them large walk-ins) and approx. 1135 sq. ft. The front bedroom can be a living room, as it is being used now.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,I,S
  • Appliances Unit 2A,B,J,S
  • Appliances Unit 3A,B,J,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 15% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 24% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $34,320 Monthly $2,860
Rental Income Stabilized : Annual $49,296 Monthly $4,108
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,860$4,108
Year Total$34,320$49,296
Net Operating Income$12,020$26,996
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6353 $17589 $23942 $1996
Total         $6,353 $17,589 $23,942   $-11,922 $6,353 $-5,569
Stabilized         $6,353 $17,589 $23,942   $3,054 $6,353 $9,407
Custom         $6353 $17589 $23942   $3054 $6353 $9407

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Maximilian Ortega
Listing Office: Artizen Realty LLC
4524 W. Hutchinson St. Chicago

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