3 Flat 2618 Logan Logan Square Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 2618 Logan Logan Square Chicago IL Mu Inve

City: CHICAGO ZIP: 60647

Built In: 1900

Lot Size: K

Lot Dimensions: 31X167

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1750

Unit 2 Floor 2: 3 bedrooms 1 baths $1985

Unit 3 Floor B: 2 bedrooms 1 baths $1450

Detailed Listing Description

Majestic Logan Square Grey Stone sitting on a massive 31'x167' Lot on Logan Boulevard. This building is perfectly situated with south windows bringing light into the living space and wonderful shade in your yard. Unit 1&2 both offer wonderful vintage charm with the comfort of updated central heat and AC as well as updated kitchens and bathrooms. Each unit offers 3 bedrooms with gracious room sizes. Lower level unit is non-conforming offering 2 bedrooms with a newer Kitchen and Bath. 2 car brick garage.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,E,I
  • Appliances Unit 2A,B,E,I
  • Appliances Unit 3A,B,E,I
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 37% 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 23% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $62,220 Monthly $5,185
Rental Income Stabilized : Annual $58,356 Monthly $4,863
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$849,9003$283,3004.51%13.660.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,185$4,863
Year Total$62,220$58,356
Expense
Total$23,856$23,856
Net Operating Income$38,364$34,500
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10284 $28474 $38758 $3230
Total         $10,284 $28,474 $38,758   $-394 $10,284 $9,890
Stabilized         $10,284 $28,474 $38,758   $-4,258 $10,284 $6,026
Custom         $10284 $28474 $38758   $-4258 $10284 $6026




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1637,4253,2308402,3908402,3903,230
2636,5853,2308432,3871,6824,7786,460
3635,7433,2308462,3842,5287,1629,690
4634,8973,2308492,3813,3789,54212,920
5634,0473,2308522,3784,23011,92016,150
6633,1953,2308562,3745,08514,29519,380
7632,3403,2308592,3715,94416,66622,610
8631,4813,2308622,3686,80619,03425,840
9630,6193,2308652,3657,67121,39929,070
10629,7543,2308682,3628,54023,76032,300
11628,8853,2308722,3589,41126,11935,530
12628,0143,2308752,35510,28628,47438,760
13627,1393,2308782,35211,16530,82541,990

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Listing Agent: Matthew Liss
Listing Office: Mark Allen Realty, LLC
2015 W. Fullerton Chicago

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