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 34% 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 20% 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
$829,9003$276,6334.62%13.340.59%
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 $10042 $27804 $37846 $3154
Total         $10,042 $27,804 $37,846   $518 $10,042 $10,560
Stabilized         $10,042 $27,804 $37,846   $-3,346 $10,042 $6,696
Custom         $10042 $27804 $37846   $-3346 $10042 $6696




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1622,4253,1548202,3348202,3343,154
2621,6053,1548232,3311,6434,6656,308
3620,7823,1548262,3282,4696,9939,462
4619,9563,1548292,3253,2989,31812,616
5619,1273,1548322,3224,13011,64015,770
6618,2953,1548352,3194,96613,95818,924
7617,4593,1548392,3155,80416,27422,078
8616,6213,1548422,3126,64618,58625,232
9615,7793,1548452,3097,49120,89528,386
10614,9343,1548482,3068,33923,20131,540
11614,0863,1548512,3039,19025,50434,694
12613,2353,1548542,30010,04427,80437,848
13612,3813,1548582,29610,90230,10041,002

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

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