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2 Flat 413 Benton Morris IL Mu Investment

City: MORRIS ZIP: 60450

Built In: 1942

Lot Size: A

Lot Dimensions: 53X122

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $850

Unit 2 Floor 1: 1 bedrooms 1 baths $550

Detailed Listing Description

Great Investment Opportunity with 2 buildings. Large 2 story home has 3-bedrooms, 1-bath and beautiful deck for relaxation. One car detached garage. Smaller home is efficiency with living room/kitchen/bedroom and bath. Off alley parking. Both units currently rented.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG,S
  • Number of Parking Spaces1
  • 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 1A,B,C,D,E,F,I
  • Appliances Unit 2A,B
Schools
  • Grade SchoolMORRIS GRADE SCHOOL
  • Grade School District54
  • Jr High/Middle SchoolMORRIS GRADE SCHOOL
  • Jr High/Middle School District54
  • High SchoolMORRIS COMMUNITY HIGH SCHOOL
  • High School District101

Comparative Data

Zip Code Comparison: 60450

Listings in this Zip Code average: 2 to 3 units, and are priced at $226,822 to $206,633
This listing is 21% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $16,800 Monthly $1,400
Rental Income Stabilized : Annual $16,800 Monthly $1,400
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$179,9002$89,9502.73%10.710.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,400$1,400
Year Total$16,800$16,800
Expense
Total$11,880$11,880
Net Operating Income$4,920$4,920
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2177 $6028 $8205 $684
Total         $2,177 $6,028 $8,205   $-3,285 $2,177 $-1,108
Stabilized         $2,177 $6,028 $8,205   $-3,285 $2,177 $-1,108
Custom         $2177 $6028 $8205   $-3285 $2177 $-1108




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1134,925684178506178506684
2134,7476841795053571,0111,368
3134,5686841795055361,5162,052
4134,3896841805047162,0202,736
5134,2096841815038972,5233,420
6134,0286841815031,0783,0264,104
7133,8476841825021,2603,5284,788
8133,6656841835011,4434,0295,472
9133,4826841835011,6274,5296,156
10133,2986841845001,8115,0296,840
11133,1146841854991,9955,5297,524
12132,9306841864982,1816,0278,208
13132,7446841864982,3676,5258,892

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Listing Agent: Garry Schroeder
Listing Office: Coldwell Banker Today's, Realtors
2409 Fourth St. Peru

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