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2 Flat 538 Hamlin Humboldt Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60624

Built In: 1907

Lot Size: A

Lot Dimensions: 4032 SQFT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Superbly Rehabbed Red Brick 2 Flat in Hot West Garfield Park! Unit 1 Duplex Down Features a Half Bathroom, Light Filled Living Space Attached to Large Kitchen, 42' Dark Wood Cabinets, Sizable Island, Granite Countertops and Stainless Steel Appliances. Main Floor, Generously Sized Master Suite has En Suite Bath with Jacuzzi Tub and Walk In Closet. Lower Floor of Duplex Includes Second Large Living Space, 2 Bedrooms and Another Full Bathroom. Second Floor Simplex Unit has 2 Bedrooms, 1 Bathroom, Granite Countertops and Stainless Steel Appliances. Both Units Have Hardwood Floors, Laundry Hook Ups In-Unit, Zoned Mechanicals and Electricity and Rear Balconies. Property Also Has A Gated 3 Car Parking Pad. Property Conveniently Located to Expressway, Blue Line CTA and Garfield Park Conservatory. Great Opportunity for Owner Occupant or Investor!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B,E,F,I,P,S,U
  • Appliances Unit 2A,B,E,F,I,P,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 169% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 56% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $23,520 Monthly $1,960
Rental Income Stabilized : Annual $29,400 Monthly $2,450
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$350,0002$175,0002.63%14.880.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,960$2,450
Year Total$23,520$29,400
Expense
Total$14,306$14,306
Net Operating Income$9,214$15,094
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4235 $11726 $15961 $1331
Total         $4,235 $11,726 $15,961   $-6,747 $4,235 $-2,512
Stabilized         $4,235 $11,726 $15,961   $-867 $4,235 $3,368
Custom         $4235 $11726 $15961   $-867 $4235 $3368




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1262,5001,3313479843479841,331
2262,1531,3313489836951,9672,662
3261,8051,3313499821,0442,9493,993
4261,4561,3313519801,3943,9305,324
5261,1061,3313529791,7464,9096,655
6260,7541,3313539782,0995,8877,986
7260,4011,3313549772,4546,8639,317
8260,0461,3313569752,8107,83810,648
9259,6901,3313579743,1678,81211,979
10259,3331,3313599723,5259,78513,310
11258,9751,3313609713,88510,75614,641
12258,6151,3313619704,24611,72615,972
13258,2541,3313639684,60912,69417,303

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Listing Agent: Sarah Langum
Listing Office: 5th Group Realty & Management
4325 S. Vernon Ave Unit 1 Chicago

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