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2 Flat 5904 Mulligan Norwood Park Chicago IL Mu I

City: CHICAGO ZIP: 60646

Built In: 1950

Lot Size: A

Lot Dimensions: 30X125

Lot Description: Q

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Detailed Listing Description

LOCATION, LOCATION, LOCATION, ON ROSEDALE PARK. BRICK TWO FLAT ON OVER-SIZED 30 FOOT LOT, OWNERS UNIT HAS NEW KITCHEN WITH CHERRY CABINETS QUARTZ COUNTERS AND NEW STAINLESS STEEL APPLIANCES 12X24INCH CERMIC TILE, GLASS TILE BACK SPLASH, HARDWOOD FLOORS THRU-OUT, NEW WINDOWS ,NEW DOORS, NEW FURNACE FOR BOTH UNITS, NEW HOT WATER HEATER,NEVER SEEN WATER IN THIS BASEMENT, WITH FAMILY ROOM AND WET BAR. , THE FULL FINISHED BASEMENT IS CONNECTED TO THE FIRST FLOOR UNIT AND HAS A 3RD BATH WITH JETTED TUB AND SHOWER, NEW GARAGE, NICE FENCED YARD AND BRICK PAVER PATIO, THE SECOND FLOOR UNIT IS IN MORE ORIGINAL CONDITION AND CURRENTLY RENTS FOR 1200.00 A MOTH PLUS ALL UTILITIES.COME SEE THIS UNIQUE OPPORTUNITY.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,S
  • Appliances Unit 2A,B,F
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60646

Listings in this Zip Code average: 2 to 3 units, and are priced at $434,476 to $426,067
This listing is 17% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Norwood Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $425,819 to $429,450
This listing is 20% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $14,400 Monthly $1,200
Rental Income Stabilized : Annual $17,700 Monthly $1,475
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$509,0002$254,500-0.06%35.350.29%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,200$1,475
Year Total$14,400$17,700
Expense
Total$14,696$14,696
Net Operating Income$-296$3,004
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6159 $17053 $23212 $1935
Total         $6,159 $17,053 $23,212   $-23,508 $6,159 $-17,349
Stabilized         $6,159 $17,053 $23,212   $-20,208 $6,159 $-14,049
Custom         $6159 $17053 $23212   $-20208 $6159 $-14049




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1381,7501,9355031,4325031,4321,935
2381,2471,9355051,4301,0092,8613,870
3380,7411,9355071,4281,5164,2895,805
4380,2341,9355091,4262,0255,7157,740
5379,7251,9355111,4242,5367,1399,675
6379,2141,9355131,4223,0498,56111,610
7378,7011,9355151,4203,5649,98113,545
8378,1861,9355171,4184,08111,39915,480
9377,6691,9355191,4164,59912,81617,415
10377,1511,9355211,4145,12014,23019,350
11376,6301,9355231,4125,64315,64221,285
12376,1071,9355251,4106,16717,05323,220
13375,5831,9355271,4086,69418,46125,155

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Listing Agent: John Fleming
Listing Office: Century 21 Affiliated
6136 N Northwest Hwy Chicago

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