4 Flat 2945 Ridgeway Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









4 Flat 2945 Ridgeway Avondale Chicago IL Mu Inves

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 1: 2 bedrooms 1 baths $1600

Unit 3 Floor 2: 2 bedrooms 1 baths $1400

Unit 4 Floor 2: 2 bedrooms 1 baths $1500

Detailed Listing Description

Cash flow positive legal 4 flat with room to grow. Huge unfinished attic space, basement and a coach house in back give exponential investment opportunities. Duplex up and down or convert into a 7 flat! Incredible potential! Or leave as is and let it make money for you. One unit has been left vacant for possible owners unit. All 4 units have been renovated and easily rent out. NEW windows, HVAC, gutters. 1 block off of all Milwaukee has to offer. Walking distance to CTA blue line Logan Square. Live in one unit and let the others pay your mortgage or rent out all 4 and sit back as the money comes in!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,S
  • Appliances Unit 2A,B,E,F,S
  • Appliances Unit 3A,B,E,F,S
  • Appliances Unit 4A,B,E,F,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 10% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 35% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $72,000 Monthly $6,000
Rental Income Stabilized : Annual $70,392 Monthly $5,866
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$900,0004$225,0004.74%12.500.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,000$5,866
Year Total$72,000$70,392
Expense
Total$29,344$29,344
Net Operating Income$42,656$41,048
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10890 $30153 $41043 $3421
Total         $10,890 $30,153 $41,043   $1,613 $10,890 $12,503
Stabilized         $10,890 $30,153 $41,043   $5 $10,890 $10,895
Custom         $10890 $30153 $41043   $5 $10890 $10895




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1675,0003,4218902,5318902,5313,421
2674,1103,4218932,5281,7835,0596,842
3673,2173,4218962,5252,6797,58410,263
4672,3213,4219002,5213,57910,10513,684
5671,4213,4219032,5184,48212,62317,105
6670,5183,4219072,5145,38915,13720,526
7669,6113,4219102,5116,29917,64823,947
8668,7013,4219132,5087,21220,15627,368
9667,7883,4219172,5048,12922,66030,789
10666,8713,4219202,5019,04925,16134,210
11665,9513,4219242,4979,97327,65837,631
12665,0273,4219272,49410,90030,15241,052
13664,1003,4219312,49011,83132,64244,473

Explore Nearby Neighborhoods

West TownNearby Neighborhoods X Plus Real Estate

West Town

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Listing Agent: Philip Schwartz
Listing Office: @properties
5452 W. Cullom Ave Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.