3 Flat 935 Avers Humboldt Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 935 Avers Humboldt Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60651

Built In: 1907

Lot Size: C

Lot Dimensions: .5

# of Units: 3

Unit 1 Floor B: 2 bedrooms 1 baths $600

Unit 2 Floor 1: 3 bedrooms 1 baths $800

Unit 3 Floor 2: 3 bedrooms 1 baths $800

Detailed Listing Description

PRICE REDUCTION! FOR $175K. CASH COW IN WEST HUMBOLDT PARK!!! Come see this income generating 2 flat in this emerging area. 3 Seperate Units, however it is labeled as a 2 flat. A Flippers Dream this fully occupied building can be kept with the current tenants in place or rehabbed and canb either be flipped or scaled to make an even greater return on investment. With the right renovations this property can be sold for upwards of $385k. Don't miss out on this tremendous opportunity!!!

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
  • Tenant Pays Unit 1B,D
  • Tenant Pays Unit 2B,D
  • Tenant Pays Unit 3B,D
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 29% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 43% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $38,856 Monthly $3,238
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$3,238
Year Total$26,400$38,856
Net Operating Income$12,321$24,777
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $2118 $5863 $7981 $666
Total         $2,118 $5,863 $7,981   $4,340 $2,118 $6,458
Stabilized         $2,118 $5,863 $7,981   $16,796 $2,118 $18,914
Custom         $2118 $5863 $7981   $16796 $2118 $18914

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Christopher Johnson
Listing Office: @properties
3324 W Division Chicago

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