3 Flat 2335 Moffat Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 2335 Moffat Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1890

Lot Size: A

Lot Dimensions: 24 X 100

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 2 baths $OWN

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $1900

Detailed Listing Description

Take a 3D Tour, CLICK on the 3D BUTTON & Walk Around. Watch a Custom Drone Video Tour, Click on Video Button! This LEGAL three flat is ideally situated on quiet street in the heart of Bucktown. Building was a TOTAL gut rehab, and a great investment opportunity. AIRBNB APPROVED! All units are move in ready featuring hardwood floor, new electrical, new water/sewer lines, new sump pump, landscaping, newer appliances, & new front patio! 2 detached car garage w/ additional shelving. W/D in every unit. Unwind on the massive back patio. 1st floor is owners unit. Middle level is used for AirBnB & gets $75-250 a night, 3rd floor gets $1900 a month. Owner uses Garage, but could be used to get more rental income. Steps from Western blue line stop, 606 trail, parks, restaurants, nightlife, & more!

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
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,C,D,E,F,I,N,P,S
  • Appliances Unit 2A,B,C,D,F,I,N,P,S
  • Appliances Unit 3A,B,C,D,F,I,P,S
  • 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 37% 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 23% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $37,200 Monthly $3,100
Rental Income Stabilized : Annual $66,528 Monthly $5,544
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,100$5,544
Year Total$37,200$66,528
Net Operating Income$10,672$40,000
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10283 $28474 $38757 $3230
Total         $10,283 $28,474 $38,757   $-28,085 $10,283 $-17,802
Stabilized         $10,283 $28,474 $38,757   $1,243 $10,283 $11,526
Custom         $10283 $28474 $38757   $1243 $10283 $11526

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Matt Laricy
Listing Office: Americorp, Ltd
375 W Erie Street #103a Chicago

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