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4 Flat 1847 Armitage Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60622

Built In: 1888

Lot Size: L

Lot Dimensions: 24 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $1700

Unit 3 Floor 3: 3 bedrooms 2 baths $2600

Unit 4 Floor 4: 4 bedrooms 3 baths $2850

Gross Income $10,380

Net Op. Income $78,135

Detailed Listing Description

Turn-key Brick 3-unit with large Coach House in premium Bucktown location. Fully renovated in 2012, this property has all newer kitchens, baths and mechanicals. Ideal for the armchair investor who values stability and location. Fully occupied. Close to public transportation and highway access.

Additional Property Details

Garage & Parking
  • ParkingS
  • 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
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D,E
Appliances
  • Appliances Unit 1A,B,C,D,E,I
  • Appliances Unit 2A,B,C,D,E,I
  • Appliances Unit 3A,B,C,D,E,I
  • Appliances Unit 4A,B,C,D,E,I,N
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 49% more than other 4 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 10% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $103,800 Monthly $8,650
Rental Income Stabilized : Annual $108,372 Monthly $9,031
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,450,0004$362,5004.58%13.970.62%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,650$9,031
Year Total$103,800$108,372
Expense
Total$37,379$37,379
Net Operating Income$66,421$70,993
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $17544 $48579 $66123 $5511
Total         $17,544 $48,579 $66,123   $298 $17,544 $17,842
Stabilized         $17,544 $48,579 $66,123   $4,870 $17,544 $22,414
Custom         $17544 $48579 $66123   $4870 $17544 $22414




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,087,5005,5111,4334,0781,4334,0785,511
21,086,0675,5111,4384,0732,8718,15111,022
31,084,6295,5111,4444,0674,31512,21816,533
41,083,1855,5111,4494,0625,76416,28022,044
51,081,7365,5111,4544,0577,21820,33727,555
61,080,2825,5111,4604,0518,67824,38833,066
71,078,8225,5111,4654,04610,14428,43338,577
81,077,3565,5111,4714,04011,61532,47344,088
91,075,8855,5111,4764,03513,09136,50849,599
101,074,4095,5111,4824,02914,57340,53755,110
111,072,9275,5111,4884,02316,06144,56060,621
121,071,4395,5111,4934,01817,55448,57866,132
131,069,9465,5111,4994,01219,05252,59171,643

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Listing Agent: Andrew Wiesemann
Listing Office: ADW Realty & Asset Management LLC
3735 N. Clifton Ave,. #3 Chicago

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