2 Flat 2334 Sawyer Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2334 Sawyer Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1909

Lot Size: A

Lot Dimensions: 40X139

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $VAC

Unit 2 Floor 2: 2 bedrooms 1 baths $VAC

Detailed Listing Description

** Check out the video & 3D tour of this building ** Oversized brick two-flat in wonderful Logan Square location! Building sits on an EXTRA large lot (40x139) and has a newer detached garage. Both units have hardwood floors, large living/dining rooms and get great light. Finished basement with additional rooms, storage, bathrooms, & laundry. Building can easily be converted to a large single family home but it needs someone with vision and some TLC to bring it back to the beautiful vintage residence it once was. Excellent opportunity to rehab! Great location near parks, schools, trendy restaurants, and public transportation! Estate sale, subject to court approval. Solid building with great potential but it needs work and probably not a good fit for a first-time home buyer. Sold "As-Is" - No exceptions. Roof: Replaced between 2000-2005, Electrical panels: 2003, Hot water tanks: 2011 & 2009, Boiler recently serviced, Horizontal copper piping. Highest and best due Monday, 07/15 @ 9 am.

Additional Property Details

Garage & Parking
  • Gargage DetailsN
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C
  • Appliances Unit 1A,B,C,D
  • Appliances Unit 2A,B
  • 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 13% 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 16% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $31,368 Monthly $2,614
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,614$3,203
Year Total$31,368$38,436
Net Operating Income$11,012$18,080
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $5444 $15073 $20517 $1710
Total         $5,444 $15,073 $20,517   $-9,505 $5,444 $-4,061
Stabilized         $5,444 $15,073 $20,517   $-2,437 $5,444 $3,007
Custom         $5444 $15073 $20517   $-2437 $5444 $3007

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Mario Barrios
Listing Office: RE/MAX Vision 212
1027 N Monticello 2nd Fl. Chicago

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