2 Flat 2444 Dakin North Center Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 2444 Dakin North Center Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1901

Lot Size: A

Lot Dimensions: 123X25

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

House is located close to Revere Park, schools and not far from tollway. Shopping and city amenities nearby. Income potential with renters or could be converted to a single family with renovation. Currently has renters. Upstairs 3rd floor was an apartment when property was purchased in 2004, but city had a dispute with owner and ordered the 3rd floor be white boxed. This could make for a nice expansion/living area of the 2nd floor as a stairway leads to the 3rd floor which had 1 BR, 1 full bath and living space with open kitchen.

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 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 49% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 10% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $32,515 Monthly $2,710
Rental Income Stabilized : Annual $40,644 Monthly $3,387
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$715,0002$357,5002.50%21.990.47%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,710$3,387
Year Total$32,515$40,644
Expense
Total$14,623$14,623
Net Operating Income$17,892$26,021
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8651 $23955 $32606 $2718
Total         $8,651 $23,955 $32,606   $-14,714 $8,651 $-6,063
Stabilized         $8,651 $23,955 $32,606   $-6,585 $8,651 $2,066
Custom         $8651 $23955 $32606   $-6585 $8651 $2066




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1536,2502,7187072,0117072,0112,718
2535,5432,7187102,0081,4174,0195,436
3534,8332,7187122,0062,1296,0258,154
4534,1212,7187152,0032,8448,02810,872
5533,4062,7187182,0003,56210,02813,590
6532,6882,7187201,9984,28212,02616,308
7531,9682,7187231,9955,00514,02119,026
8531,2452,7187261,9925,73116,01321,744
9530,5192,7187291,9896,46018,00224,462
10529,7902,7187311,9877,19119,98927,180
11529,0592,7187341,9847,92521,97329,898
12528,3252,7187371,9818,66223,95432,616
13527,5882,7187401,9789,40125,93335,334

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Listing Agent: Kevin Gioia
Listing Office: SOLDBOT, INC
350 10th Ave Ste 1000 San Diego

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