2 Flat 3031 Lyndale Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 3031 Lyndale Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 24X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $N/A

Detailed Listing Description

Updated 2 unit w/ garden hot Logan Square close to Blue Line & shops/restaurants! Lots of custom touches including air conditioned workshop garage, sauna & whirlpool/soaking tubs. Ready for move-in, or customize to your tastes! Perfect for owner occupancy or investor. All units are 2 bed/1 bath and in good condition. Large 500+ ft^2 deck is outside Apt 2 kitchen on top of newer masonry garage! Can easily reconfigure Unit 2 as 3 bedroom, and could duplex to attic. Units 1 & 2 have central Heat/AC & dishwashers. Garden has gas heat unit, permanent dehumidifier, portable AC and PermaSeal. Many mechanicals recently updated including new AC in unit 2. Separate meters for gas/electric. Garden & Unit 1 have month-to-month tenants. Unit 2 is unoccupied and ready for move-in! Rents are below market; owner is renting to friends. Tenants interested in signing leases with new owner, or move in your own friends/family! This is an As Is sale. Neither owner or agents represent legality of garden unit

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
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,F,I,Q,S
  • Appliances Unit 2A,B,E,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 16% 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 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,236 Monthly $2,603
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,0002$299,5002.52%19.180.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,603$3,203
Year Total$31,236$38,436
Expense
Total$16,137$16,137
Net Operating Income$15,099$22,299
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7248 $20068 $27316 $2277
Total         $7,248 $20,068 $27,316   $-12,217 $7,248 $-4,969
Stabilized         $7,248 $20,068 $27,316   $-5,017 $7,248 $2,231
Custom         $7248 $20068 $27316   $-5017 $7248 $2231




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,2502,2775921,6855921,6852,277
2448,6582,2775951,6821,1873,3674,554
3448,0632,2775971,6801,7845,0476,831
4447,4662,2775991,6782,3836,7259,108
5446,8672,2776011,6762,9848,40111,385
6446,2662,2776041,6733,58710,07513,662
7445,6632,2776061,6714,19311,74615,939
8445,0572,2776081,6694,80113,41518,216
9444,4492,2776101,6675,41115,08220,493
10443,8392,2776131,6646,02416,74622,770
11443,2262,2776151,6626,63918,40825,047
12442,6112,2776171,6607,25620,06827,324
13441,9942,2776201,6577,87621,72529,601

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Listing Agent: Charlie Shields
Listing Office: Second City Real Estate
3345 N Ridgeway Ave Chicago

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