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3 Flat 2216 Hamlin South Lawndale Chicago IL Mu I

City: Chicago ZIP: 60623

Built In: 1903

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $675

Unit 2 Floor 2: 2 bedrooms 1 baths $775

Unit 3 Floor 3: 3 bedrooms 2 baths $0

Gross Income $18,600

Detailed Listing Description

Take a look at this huge brick three unit building with 3 apartments. All were rehabbed over the last few years and most recently the top unit which is duplexed to attic. The lower and 1st floor units both feature 2 beds+ 1 bath and the top unit features 3 bedrooms + 2 baths. There are many updates like roof, windows, porch, bathrooms, refinished hardwood floors and more more! There are leases for the first 2 units and the top floor is vacant and is easy to show. If you like the top floor then we can accommodate showings for the rest for the rest of the building. Garage is rented for $100/month. Tenants are responsible for gas and electric. Live in the top unit and have your tenants pay for your mortgage. Make your appointment today!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 60% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Lawndale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $160,576 to $189,327
This listing is 45% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $17,400 Monthly $1,450
Rental Income Stabilized : Annual $39,468 Monthly $3,289
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$275,0003$91,6671.13%15.801.20%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,450$3,289
Year Total$17,400$39,468
Expense
Total$14,299$14,299
Net Operating Income$3,101$25,169
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3328 $9214 $12542 $1046
Total         $3,328 $9,214 $12,542   $-9,441 $3,328 $-6,113
Stabilized         $3,328 $9,214 $12,542   $12,627 $3,328 $15,955
Custom         $3328 $9214 $12542   $12627 $3328 $15955




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1206,2501,0462737732737731,046
2205,9771,0462747725461,5462,092
3205,7041,0462757718212,3173,138
4205,4291,0462767701,0963,0884,184
5205,1541,0462777691,3733,8575,230
6204,8771,0462787681,6514,6256,276
7204,5991,0462797671,9305,3927,322
8204,3201,0462807662,2096,1598,368
9204,0411,0462817652,4906,9249,414
10203,7601,0462827642,7727,68810,460
11203,4781,0462837633,0558,45111,506
12203,1951,0462847623,3399,21312,552
13202,9111,0462857613,6249,97413,598

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Listing Agent: Erika Villegas
Listing Office: RE/MAX MI CASA
5641 S Menard Ave Chicago

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