2 Flat 1926 Hermitage Logan Square Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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2 Flat 1926 Hermitage Logan Square Chicago IL Mu

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: L

Lot Dimensions: 24.14 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1900

Unit 2 Floor 2: 2 bedrooms 1 baths $2050

Gross Income $72,000

Net Op. Income $57,523

Detailed Listing Description

Perfect Turn Key Bucktown Legal 2 Unit + non conforming 3rd (nothing below grade) Ideal for small to mid size investor or Owner Occupant - All units feature 2 bedroom, open floor plan, separate GFA / Central Air/ H20, Gas Burning Fireplaces, Hardwood floors throughout, excellent closet space, Modern Kitchen, Baths and fixtures. All units feature private entry. Offers stainless steel and quartz with full back splash unit 1 and 3, Entertainment sized rear decks, huge yard extensively landscaped, bordered stone patio, sold, mulch, trees and ivy. 2 Car garage. Basement inclusive of perimeter drain tile system, sump pump and city sewer back up valve, storage and laundry. All rear decks replaced 2011. All electric and plumbing replaced in last 10 years. Front Decks replaced last 2 years. 24 x 125 lot. Kitchen Unit 1 & 3 Replaced 2018 and 2019, Unit 1 left open for possible owner occupant but previous leased for 1900* per month prior to updates & left purposely vacant

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,E,F,G,I,L,S,U
  • Appliances Unit 2A,B,E,F,G,I,L,N,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 68% 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 68% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $47,400 Monthly $3,950
Rental Income Stabilized : Annual $40,824 Monthly $3,402
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,950$3,402
Year Total$47,400$40,824
Net Operating Income$24,909$18,333
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10889 $30149 $41038 $3420
Total         $10,889 $30,149 $41,038   $-16,129 $10,889 $-5,240
Stabilized         $10,889 $30,149 $41,038   $-22,705 $10,889 $-11,816
Custom         $10889 $30149 $41038   $-22705 $10889 $-11816

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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