2 Flat 2642 Hirsch West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 2642 Hirsch West Town Chicago IL Mu Invest

City: CHICAGO ZIP: 60622

Built In: 1885

Lot Size: A

Lot Dimensions: 25X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $800

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

Amazing opportunity to own a 2 unit in PRIME LOCATION! Conveniently walking distance to THE 606 TRAIL, Erie Elementary Charter school, and many trendy shops. Great for Owner occupant/Investment/or Conversion to Single Family.Newer floors, Laundry room in common area, Gated back yard with 3 parking space. Owner unit is currently duplexed up. Additional pictures coming soon. Sold as is but well maintained. Priced to sell!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D,H
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,C,D
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 36% 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 42% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $56,208 Monthly $4,684
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$345,0002$172,500-1.40%35.941.36%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$4,684
Year Total$9,600$56,208
Expense
Total$14,443$14,443
Net Operating Income$-4,843$41,765
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4175 $11559 $15734 $1312
Total         $4,175 $11,559 $15,734   $-20,577 $4,175 $-16,402
Stabilized         $4,175 $11,559 $15,734   $26,031 $4,175 $30,206
Custom         $4175 $11559 $15734   $26031 $4175 $30206




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1258,7501,3123429703429701,312
2258,4081,3123439696851,9392,624
3258,0651,3123449681,0292,9073,936
4257,7211,3123469661,3743,8745,248
5257,3761,3123479651,7214,8396,560
6257,0291,3123489642,0695,8037,872
7256,6811,3123499632,4196,7659,184
8256,3311,3123519612,7707,72610,496
9255,9801,3123529603,1228,68611,808
10255,6281,3123539593,4759,64513,120
11255,2751,3123559573,83010,60214,432
12254,9201,3123569564,18611,55815,744
13254,5641,3123579554,54312,51317,056

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Listing Agent: Leyla Jimenez
Listing Office: RE/MAX LOYALTY
1627 N 22nd Ave Melrose Park

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