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2 Flat 3511 Mclean Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $800

Unit 2 Floor 2: 3 bedrooms 1 baths $800

Detailed Listing Description

Very well maintained brick 2 flat in super hot Logan Square! Both units are 3bd/1bth with separate living/dining rooms and hardwood floors throughout. Unfinished basement with high ceilings, half bath and two egresses perfect for duplexing. Central heat. All separate utilities. Washer/dryer hook up in basement for extra income. 2 car garage. Perfect for owner occupant. New construction all around. Walking distance to 606 trail, public transportation, grocery stores and all the new restaurants/bars on Armitage.

Contact Listing Agent

Weston Harding

Weston Harding

President & Managing Broker

X Plus Team Member

View ListingsContact Weston

Additional Property Details

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

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 23% more than other 2 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 26% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $19,200 Monthly $1,600
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9002$199,9501.69%20.830.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,600$3,512
Year Total$19,200$42,144
Expense
Total$12,435$12,435
Net Operating Income$6,765$29,709
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4839 $13398 $18237 $1520
Total         $4,839 $13,398 $18,237   $-11,472 $4,839 $-6,633
Stabilized         $4,839 $13,398 $18,237   $11,472 $4,839 $16,311
Custom         $4839 $13398 $18237   $11472 $4839 $16311




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,9251,5203951,1253951,1251,520
2299,5301,5203971,1237922,2483,040
3299,1331,5203981,1221,1903,3704,560
4298,7351,5204001,1201,5904,4906,080
5298,3351,5204011,1191,9915,6097,600
6297,9341,5204031,1172,3946,7269,120
7297,5311,5204041,1162,7987,84210,640
8297,1271,5204061,1143,2048,95612,160
9296,7211,5204071,1133,61110,06913,680
10296,3141,5204091,1114,02011,18015,200
11295,9051,5204101,1104,43112,28916,720
12295,4941,5204121,1084,84213,39818,240
13295,0831,5204131,1075,25614,50419,760

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