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2 Flat 3231 Monticello Avondale Chicago IL Mu Inv

City: CHICAGO ZIP: 60618

Built In: 1896

Lot Size: L

Lot Dimensions: 30X125.32

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

BRICK TWO UNIT. (Property is very well taken care!). 2nd floor is duplex to attic with 2 large bed rooms, work out room, and full bath for a total of 3BR. and 1 1/2 baths, high ceilings with skylight. Excellent location with easy access to Expressway, dinning and shopping. There is no garage but there is 4 car gated parking spaces in the drive way. Ideal opportunity for a buyer that can live in one unit and benefit from the rent of the other to help pay the mortgage. Plenty of closets for storage. Walking distance to the Blue Line, CTA Bus on Belmont and MILWAUKEE.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • 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: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 25% more than other 2 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 18% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $12,000 Monthly $1,000
Rental Income Stabilized : Annual $47,220 Monthly $3,935
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$360,0002$180,000-0.54%30.001.09%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,000$3,935
Year Total$12,000$47,220
Expense
Total$13,947$13,947
Net Operating Income$-1,947$33,273
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4356 $12061 $16417 $1369
Total         $4,356 $12,061 $16,417   $-18,364 $4,356 $-14,008
Stabilized         $4,356 $12,061 $16,417   $16,856 $4,356 $21,212
Custom         $4356 $12061 $16417   $16856 $4356 $21212




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1270,0001,3693571,0133571,0131,369
2269,6441,3693581,0117142,0242,738
3269,2861,3693591,0101,0743,0334,107
4268,9261,3693611,0081,4344,0425,476
5268,5661,3693621,0071,7965,0496,845
6268,2041,3693631,0062,1596,0558,214
7267,8411,3693651,0042,5247,0599,583
8267,4761,3693661,0032,8908,06210,952
9267,1101,3693671,0023,2579,06412,321
10266,7431,3693691,0003,62610,06413,690
11266,3741,3693709993,99611,06315,059
12266,0041,3693719984,36712,06116,428
13265,6331,3693739964,74013,05717,797

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Listing Agent: Heliodoro Mayorga
Listing Office: Century 21 Affiliated
6447 Cerrmak Rd Berwyn

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