3 Flat 1842 Albany Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 1842 Albany Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 2015

Lot Size: A

Lot Dimensions: 37.5 X 125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $4500

Unit 2 Floor L: 1 bedrooms 1 baths $1500

Unit 3 Floor L: 1 bedrooms 1 baths $1550

Gross Income $90,600

Net Op. Income $77,248

Detailed Listing Description

Stunning, extra-wide (37.5ft) 3 unit home on quiet treelined street, built in 2015 and only steps to the 606 trail. Exceptional main/owner's unit features thoughtfully designed, open first level w/crown molding & hardwood floors throughout. Chef's kitchen w/ ss appliances, generous cabinet space & large island facing sunny living room w/gas fireplace & walk-out oversized deck. Spacious dining area. Luxurious master suite with marble soaking tub, sep shower & body sprays, heated bathroom floor and 9x9 WIC. LOWER LEVEL UNITS include radiant heat, tenant laundry & dog wash station, separate rear entrance through mudroom. Each are 1 bedroom & 1 bath with quality, modern finishes. Beautiful yard w/sprinkler system & 3 car garage, heated sidewalk to garage for less snow shoveling in the winter. Green construction w/insulated concrete form masonry for low utility bills. See floor plan or inquire for details!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,G,H
  • Tenant Pays Unit 2B,C,E,H,I
  • Tenant Pays Unit 3B,C,H,I
  • Appliances Unit 1A,B,C,D,E,F,G,I,L,Q,S,U,W,X
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,C,D,E,F,I
  • 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 80% more than other 3 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 61% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $90,600 Monthly $7,550
Rental Income Stabilized : Annual $67,608 Monthly $5,634
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,550$5,634
Year Total$90,600$67,608
Net Operating Income$60,029$37,037
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $13491 $37356 $50847 $4238
Total         $13,491 $37,356 $50,847   $9,182 $13,491 $22,673
Stabilized         $13,491 $37,356 $50,847   $-13,810 $13,491 $-319
Custom         $13491 $37356 $50847   $-13810 $13491 $-319

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ryan Hardy
Listing Office: Gold Coast Realty Chicago
111 W Maple St #3005 Chicago

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