2 Flat 2506 Monticello Logan Square Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 2506 Monticello Logan Square Chicago IL Mu

City: Chicago ZIP: 60647

Built In: 1900

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1200

Unit 2 Floor 2: 3 bedrooms 1 baths $1200

Detailed Listing Description

Logan sq Gorgeous 2 flat bk, large 3 bdrm apts, w a finished basement w a 2 bedroom in law apt rent is $800, rents are way below market. Long time owner. GFA in ea unit, kitchens incl. maple cabinets, lament counters, ceramic tile baths, circuit breaker electric, oak floors throughout, eat in kitchens, coin op washer & dryer in basement and 2 car garage. In law apt has separate GFA.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 8% 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 $28,800 Monthly $2,400
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$475,0002$237,5001.91%16.490.74%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,400$3,512
Year Total$28,800$42,144
Expense
Total$19,745$19,745
Net Operating Income$9,055$22,399
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5748 $15914 $21662 $1806
Total         $5,748 $15,914 $21,662   $-12,607 $5,748 $-6,859
Stabilized         $5,748 $15,914 $21,662   $737 $5,748 $6,485
Custom         $5748 $15914 $21662   $737 $5748 $6485




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1356,2501,8064701,3364701,3361,806
2355,7801,8064721,3349422,6703,612
3355,3081,8064741,3321,4154,0035,418
4354,8351,8064751,3311,8915,3337,224
5354,3591,8064771,3292,3686,6629,030
6353,8821,8064791,3272,8477,98910,836
7353,4031,8064811,3253,3289,31412,642
8352,9221,8064831,3233,81010,63814,448
9352,4401,8064841,3224,29511,95916,254
10351,9551,8064861,3204,78113,27918,060
11351,4691,8064881,3185,26914,59719,866
12350,9811,8064901,3165,75915,91321,672
13350,4911,8064921,3146,25017,22823,478

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Listing Agent: Marc Devereux
Listing Office: Coldwell Banker Residential
1840 N. Clark Street Chicago

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