2 Flat 1520 Elk Grove West Town Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 1520 Elk Grove West Town Chicago IL Mu Inv

City: CHICAGO ZIP: 60622

Built In: 1887

Lot Size: A

Lot Dimensions: 24X118

# of Units: 2

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

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

Detailed Listing Description

2 flat in a terrific location on a quiet residential block in prime Bucktown. Property is a TEAR DOWN or TOTAL gut rehab on a 24x118 lot (big for Bucktown), zoned RT-4. Currently, there is a brick building on the lot with a cute facade, full basement (would need to be dug out to duplex down) and attic. NOTHING inside is salvageable. This is drive by only. It is being sold AS-IS.. Cash or rehab loans only. Great location near the intersection of Milwaukee/Damen/North, close to expressway, Blue line, 606, etc. Listing agent is related to seller.

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 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 29% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $36,456 Monthly $3,038
Rental Income Stabilized : Annual $42,864 Monthly $3,572
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$690,0002$345,0002.21%18.930.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,038$3,572
Year Total$36,456$42,864
Expense
Total$21,235$21,235
Net Operating Income$15,221$21,629
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8349 $23117 $31466 $2623
Total         $8,349 $23,117 $31,466   $-16,245 $8,349 $-7,896
Stabilized         $8,349 $23,117 $31,466   $-9,837 $8,349 $-1,488
Custom         $8349 $23117 $31466   $-9837 $8349 $-1488




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1517,5002,6236821,9416821,9412,623
2516,8182,6236851,9381,3673,8795,246
3516,1332,6236881,9352,0555,8147,869
4515,4452,6236901,9332,7457,74710,492
5514,7552,6236931,9303,4389,67713,115
6514,0622,6236951,9284,13311,60515,738
7513,3672,6236981,9254,83113,53018,361
8512,6692,6237001,9235,53115,45320,984
9511,9692,6237031,9206,23417,37323,607
10511,2662,6237061,9176,94019,29026,230
11510,5602,6237081,9157,64821,20528,853
12509,8522,6237111,9128,36023,11631,476
13509,1402,6237141,9099,07325,02634,099

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Listing Agent: Teresa Griffith
Listing Office: Jameson Sotheby's Intl Realty
425 W. North Avenue Chicago

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