2 Flat 2346 Altgeld Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2346 Altgeld Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 23' X 95'

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $$600

Unit 2 Floor 2: 3 bedrooms 1 baths $$700

Detailed Listing Description

ATTN INVESTORS, REHABBERS AND FLIPPERS GUT REHAB OPPORTUNITY IN LOGAN SQUARE EAST OF WESTERN BORDERLINE BUCKTOWN AREA. 2 UNIT BRICK BUILDING, CURRENTLY RENTED, WITH A 2 CAR GARAGE. BEST USE IS TO GUT AND CONVERT TO A SINGLE FAMILY HOME. INTERIOR HAS BEEN EXTENDED TO INCLUDE AN ENCLOSED PORCH. SMALLER LOT 23 X 95. COPPER PLUMBING AND NEW ELECTRICAL UPDATED 7 YEARS AGO. TUCKPOINTING WAS ALSO DONE 7 YEARS AGO.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • 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
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 29% 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 31% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,828 Monthly $2,819
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$369,0002$184,5004.41%10.910.86%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,819$3,168
Year Total$33,828$38,016
Expense
Total$17,570$17,570
Net Operating Income$16,258$20,446
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4465 $12363 $16828 $1403
Total         $4,465 $12,363 $16,828   $-570 $4,465 $3,895
Stabilized         $4,465 $12,363 $16,828   $3,618 $4,465 $8,083
Custom         $4465 $12363 $16828   $3618 $4465 $8083




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1276,7501,4033651,0383651,0381,403
2276,3851,4033671,0367322,0742,806
3276,0181,4033681,0351,1003,1094,209
4275,6501,4033691,0341,4694,1435,612
5275,2811,4033711,0321,8405,1757,015
6274,9101,4033721,0312,2126,2068,418
7274,5381,4033731,0302,5857,2369,821
8274,1651,4033751,0282,9608,26411,224
9273,7901,4033761,0273,3369,29112,627
10273,4141,4033781,0253,71410,31614,030
11273,0361,4033791,0244,09311,34015,433
12272,6571,4033811,0224,47412,36216,836
13272,2761,4033821,0214,85613,38318,239

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Listing Agent: Evelyn Fred
Listing Office: Baird & Warner
6033 N. Sheridan Road #45E Chicago

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