2 Flat 2630 MedILl Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2630 MedILl Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: U

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $1350

Gross Income $33,600

Net Op. Income $29,577

Detailed Listing Description

Charming & meticulously-maintained two-flat on a standard lot in hot Logan Square. 2Br units are well maintained and have good living space with large eat-in kitchens and great closets throughout. Bright units have lots of windows w/tons of natural light. Apartments are easy to rent and currently generate below Market rents, which offers great upside potential (i.e. ~$3,750+ per month rental income potential). Property also features unfinished basement, two car garage (i.e. garage is currently rented for $150/mo) and small attic. Two sets of washers and dryers, bike storage and plenty of additional storage in full unfinished basement. Desirable & walkable location is just a few blocks from 90/94, a five-minute walk to the blue line and accessible to everything Logan Square has to offer. Shows great and priced to move, call today to schedule an appt!!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,B,C
  • Tenant Pays Unit 2A,B,C
Appliances
  • Appliances Unit 1A,B,C,D,J,S
  • Appliances Unit 2A,B,C,D,I,S
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 6% 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 2% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,800 Monthly $2,650
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$549,9002$274,9503.12%17.290.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,650$3,203
Year Total$31,800$38,436
Expense
Total$14,658$14,658
Net Operating Income$17,142$23,778
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6654 $18424 $25078 $2090
Total         $6,654 $18,424 $25,078   $-7,936 $6,654 $-1,282
Stabilized         $6,654 $18,424 $25,078   $-1,300 $6,654 $5,354
Custom         $6654 $18424 $25078   $-1300 $6654 $5354




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1412,4252,0905431,5475431,5472,090
2411,8822,0905451,5451,0893,0914,180
3411,3362,0905471,5431,6364,6346,270
4410,7892,0905501,5402,1866,1748,360
5410,2392,0905521,5382,7377,71310,450
6409,6882,0905541,5363,2919,24912,540
7409,1342,0905561,5343,84710,78314,630
8408,5782,0905581,5324,40512,31516,720
9408,0202,0905601,5304,96513,84518,810
10407,4602,0905621,5285,52715,37320,900
11406,8982,0905641,5266,09116,89922,990
12406,3342,0905661,5246,65718,42325,080
13405,7682,0905681,5227,22519,94527,170

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Listing Agent: Brendan Murphy
Listing Office: Dream Town Realty
1950 N. Sedgwick Chicago

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