2 Flat 4228 Francisco Irving Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 4228 Francisco Irving Park Chicago IL Mu I

City: CHICAGO ZIP: 60618

Built In: 1924

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 2 bedrooms 1 baths $N/A

Detailed Listing Description

Beautiful brick 2 Flat in Horner Park neighborhood - move in ready! Each apartment has been freshly painted and features a light, bright living room, dining room, open updated kitchen & beautiful hardwood floors. Baths are updated too! Both units have separate furnace, AC, electric, Nest thermostat & washer/dryer. Lovely private back yard oasis to relax & enjoy your multi-level deck with pergola, surrounded by perennials, 6 foot cedar fence and cedar 2 car garage with Wi Fi & mobile app opener. (Hot tub not included). Great neighborhood in Irving Park and a 11 min walk to Francisco Brown Line. Steps to Horner Park (with new dog park), shops & restaurants on Irving Park Rd and super close to the Twisted Hippo brew pub & Angelo's Wine bar on Montrose. Short trip to Lincoln Square too! In top rated Bateman School district too! Great building if you want to live in one unit and rent out the other. Rents are $1550 - $1600 in the area. Good investment option too --positive cash flow.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,N
  • Appliances Unit 2A,B,C,D,E,F,G,I,N
Schools
  • Grade SchoolBATEMAN ELEMENTARY SCHOOL
  • 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 16% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 30% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,792 Monthly $2,566
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$559,0002$279,5002.15%18.150.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,566$2,933
Year Total$30,792$35,196
Expense
Total$18,757$18,757
Net Operating Income$12,035$16,439
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6764 $18728 $25492 $2125
Total         $6,764 $18,728 $25,492   $-13,457 $6,764 $-6,693
Stabilized         $6,764 $18,728 $25,492   $-9,053 $6,764 $-2,289
Custom         $6764 $18728 $25492   $-9053 $6764 $-2289




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1419,2502,1255531,5725531,5722,125
2418,6972,1255551,5701,1083,1424,250
3418,1422,1255571,5681,6654,7106,375
4417,5852,1255591,5662,2246,2768,500
5417,0262,1255611,5642,7857,84010,625
6416,4652,1255631,5623,3489,40212,750
7415,9022,1255651,5603,91310,96214,875
8415,3372,1255671,5584,48112,51917,000
9414,7692,1255701,5555,05114,07419,125
10414,1992,1255721,5535,62215,62821,250
11413,6282,1255741,5516,19617,17923,375
12413,0542,1255761,5496,77218,72825,500
13412,4782,1255781,5477,35120,27427,625

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Listing Agent: Dorie Westmeyer
Listing Office: Charles Rutenberg Realty
Local Office Chicago

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