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2 Flat 4515 Harding Albany Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60625

Built In: 1909

Lot Size: K

Lot Dimensions: 4167 SQ FT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Detailed Listing Description

AMAZING OPPORTUNITY!!! HOT, HOT, HOT Investment Property! Highly Desired Albany Park Neighborhood! Solid brick 2 flat, situated on an over-sized lot complemented by a quiet, tree lined street. Property consist of two 3-bedrooms 1-bathroom units, and a two-car garage for additional income. Unfinished full basement with front and rear entrance and a full bathroom. Owner pays gas bill for 1st floor which is for heat. Close to public transportation, CTA, Blue Line, Brown Line, Metra, expressway, trendy shops, tons of diverse award-winning restaurants, and engaged community. Near Roosevelt High School, Haugan Elementary School and Jensen Park. Great Location! Great Investment! Motivated Seller!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,S
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 4% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $35,988 Monthly $2,999
Rental Income Stabilized : Annual $38,412 Monthly $3,201
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9992$200,0004.84%11.110.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,999$3,201
Year Total$35,988$38,412
Expense
Total$16,609$16,609
Net Operating Income$19,379$21,803
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4840 $13401 $18241 $1521
Total         $4,840 $13,401 $18,241   $1,138 $4,840 $5,978
Stabilized         $4,840 $13,401 $18,241   $3,562 $4,840 $8,402
Custom         $4840 $13401 $18241   $3562 $4840 $8402




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1300,0001,5213961,1253961,1251,521
2299,6041,5213971,1247932,2493,042
3299,2071,5213991,1221,1923,3714,563
4298,8081,5214001,1211,5934,4916,084
5298,4071,5214021,1191,9955,6107,605
6298,0051,5214031,1182,3986,7289,126
7297,6021,5214051,1162,8037,84410,647
8297,1971,5214071,1143,2108,95812,168
9296,7901,5214081,1133,61810,07113,689
10296,3821,5214101,1114,02711,18315,210
11295,9731,5214111,1104,43912,29216,731
12295,5611,5214131,1084,85113,40118,252
13295,1491,5214141,1075,26514,50819,773

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Listing Agent: David Banach
Listing Office: Homesmart Connect LLC
4400 N. Merrimac Chicago

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