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2 Flat 768 State Line Calumet City IL Mu

City: CALUMET CITY ZIP: 60409

Built In: 1904

Lot Size: A

Lot Dimensions: 24' X 125'

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $750

Unit 2 Floor 2: 3 bedrooms 1 baths $650

Detailed Listing Description

2 Flat property with 3 bedrooms and 1 bath in each unit. Great investment property. Both units are Rented w MTM Lease. Please do not disturb tenants. Need 48 hour prior notice to view. SELLER IS MOTIVATED.

Additional Property Details

Garage & Parking
  • Gargage DetailsN
  • Gargage On SiteY
  • Gargage OwnershipA
  • 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 District155
  • Jr High/Middle School District155
  • High School District155

Comparative Data

Zip Code Comparison: 60409

Listings in this Zip Code average: 4 to 5 units, and are priced at $164,109 to $138,975
This listing is 14% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $1,400 Monthly $117
Rental Income Stabilized : Annual $1,800 Monthly $150
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$87,9002$43,950-14.20%62.792.05%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$117$150
Year Total$1,400$1,800
Expense
Total$13,879$13,879
Net Operating Income$-12,479$-12,079
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1064 $2945 $4009 $335
Total         $1,064 $2,945 $4,009   $-16,488 $1,064 $-15,424
Stabilized         $1,064 $2,945 $4,009   $-16,088 $1,064 $-15,024
Custom         $1064 $2945 $4009   $-16088 $1064 $-15024




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
165,9253358824788247335
265,83733588247176494670
365,749335882472647411,005
465,661335892463539871,340
565,572335892464421,2331,675
665,483335892465321,4782,010
765,393335902456211,7242,345
865,304335902457121,9682,680
965,213335902458022,2133,015
1065,123335912448932,4573,350
1165,032335912449842,7013,685
1264,941335912441,0752,9454,020
1364,850335922431,1673,1884,355

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Listing Agent: Flemon Hope
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
807 Cromwell Westchester

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