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5010 Ridgeway

City: CHICAGO ZIP: 60625

Built In: 1925

Lot Size: A

Lot Dimensions: 60 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 2 baths $0

Unit 2 Floor 2: 4 bedrooms 2 baths $0

Detailed Listing Description

Hot Albany Park Deluxe 2-unit building. Each unit features 2,300sf with 4-bedrooms and 2-baths. Basement has studio/office and work shop. Potential to add 3rd unit in English basement with 10' ceilings, good sunlight, 2-entrances, etc. 5-6 car parking on site with a 2-car garage. Central air in both units. newer modified roof, separate utilities. Beautiful windows. Eugene Park at the end of the block hosts the Albany Park Art Theater Project, tennis courts, ball fields, playground, Chicago River trails, etc. See survey, property report, floor-plan and disclosures under additional information. One of a kind opportunity for a new owner Good mechanicals, One of a kind property for a buyer with vision willing to build some equity and can see the upside potential of this increasing neighborhood. There are No peers for this one. This property has a $415,000 assumable mortg at 4.25%. Keep as 2-flat or convert to single family. Owner is motivated, bought another and moving. Needs this Sold!!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,I,K,S,U
  • Appliances Unit 2A,B,E,F,I,K,N,P,S,U,X
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 24% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 70% 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 $0 Monthly $0
Rental Income Stabilized : Annual $0 Monthly $0
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$650,0002$325,000-2.63%inf0.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$0$0
Year Total$0$0
Expense
Total$17,094$17,094
Net Operating Income$-17,094$-17,094
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7865 $21777 $29642 $2471
Total         $7,865 $21,777 $29,642   $-46,736 $7,865 $-38,871
Stabilized         $7,865 $21,777 $29,642   $-46,736 $7,865 $-38,871
Custom         $7865 $21777 $29642   $-46736 $7865 $-38871




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,5002,4716431,8286431,8282,471
2486,8572,4716451,8261,2883,6544,942
3486,2122,4716481,8231,9365,4777,413
4485,5642,4716501,8212,5867,2989,884
5484,9142,4716531,8183,2399,11612,355
6484,2612,4716551,8163,89410,93214,826
7483,6062,4716571,8144,55112,74617,297
8482,9492,4716601,8115,21114,55719,768
9482,2892,4716621,8095,87316,36622,239
10481,6272,4716651,8066,53818,17224,710
11480,9622,4716671,8047,20619,97527,181
12480,2942,4716701,8017,87621,77629,652
13479,6242,4716721,7998,54823,57532,123

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Listing Agent: William Gibbons
Listing Office: Donahue Commercial Real Estate LLC
4403 w lawrence ave, 200-F chicago

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