3 Flat 1843 Armitage Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 1843 Armitage Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60622

Built In: 1912

Lot Size: L

Lot Dimensions: 24X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1700

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Unit 3 Floor 3: 2 bedrooms 1 baths $1775

Detailed Listing Description

GREAT INVESTMENT OPPORTUNITY IN PRIME LOCATION IN BUCKTOWN. 3 APARTMENTS WITH 2 BEDROOM 1 BATH. MANY UPDATES INCLUDING NEWER KITCHENS, BATHROOMS, AND GRANITE COUNTER-TOPS. FULLY RENTED. EXCELLENT CASH FLOW. LOW EXPENSES FOR THE OWNER. TAXES ARE LOW. SOLID BUILDING. RECENTLY TUCK POINTED. 2 CAR GARAGE OFFERS ADDITIONAL RENTAL INCOME OF $360. $180 EACH GARAGE SPOT. 4TH FLOOR ATTIC GREAT STORAGE. CLOSE TO PUBLIC TRANSPORTATION, RESTAURANTS, NIGHTLIFE, AND A FEW MINUTES AWAY FROM DOWNTOWN. FREE PROFESSIONAL PROPERTY MANAGEMENT SERVICES INCLUDED FOR THE FIRST 6 MONTHS AFTER CLOSING. (MAINTENANCE NOT INCLUDED) SELLER IS WILLING TO ASSIST BUYER WITH CLOSING COSTS!!!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,P,S,U
  • Appliances Unit 2A,B,C,D,E,F,I,P,S,U
  • Appliances Unit 3A,B,C,D,E,F,I,P,S,U
Schools
  • Grade SchoolPULASKI INTERNATIONAL
  • Grade School District299
  • Jr High/Middle SchoolPULASKI INTERNATIONAL
  • Jr High/Middle School District299
  • High SchoolWELLS COMMUNITY ACADEMY SENIOR H
  • 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 8% more than other 3 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 21% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $65,700 Monthly $5,475
Rental Income Stabilized : Annual $63,144 Monthly $5,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$839,0003$279,6675.13%12.770.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,475$5,262
Year Total$65,700$63,144
Expense
Total$22,648$22,648
Net Operating Income$43,052$40,496
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10152 $28109 $38261 $3189
Total         $10,152 $28,109 $38,261   $4,791 $10,152 $14,943
Stabilized         $10,152 $28,109 $38,261   $2,235 $10,152 $12,387
Custom         $10152 $28109 $38261   $2235 $10152 $12387




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1629,2503,1898292,3608292,3603,189
2628,4213,1898322,3571,6624,7166,378
3627,5883,1898362,3532,4977,0709,567
4626,7533,1898392,3503,3369,42012,756
5625,9143,1898422,3474,17811,76715,945
6625,0723,1898452,3445,02314,11119,134
7624,2273,1898482,3415,87116,45222,323
8623,3793,1898512,3386,72218,79025,512
9622,5283,1898552,3347,57721,12428,701
10621,6733,1898582,3318,43423,45631,890
11620,8163,1898612,3289,29525,78435,079
12619,9553,1898642,32510,16028,10838,268
13619,0903,1898672,32211,02730,43041,457

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Listing Agent: Frank Herrera
Listing Office: In Business Real Estate
428 Buffalo Grove Rd Buffalo Grove

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