2 Flat 2640 Springfield Logan Square Chicago IL M| Chicago Property Listings – X Plus Real Estate

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2 Flat 2640 Springfield Logan Square Chicago IL M

City: CHICAGO ZIP: 60647

Built In: 1906

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 1 baths $1050

Detailed Listing Description

Amazing Investment Property at booming Logan Square! Walking distance to Kosciuszko Park and indoor Pool. This Multi Unit home has a full basement and 2 car garage. Roof is 11 years old, Windows are 9 years old. Garage bricks are 2 years old, new 2018 water heater. Awesome backyard for entertaining. The closest grocery stores are Aldi, Cermak Fresh Market and Tony's. Restaurants nearby are El Cubanito Restaurant, El Guanaco and Brew and Brew Coffee. Near METRA-Healy to Union Station and Blue Line-Logan Square, shopping. Owner has loved and cared for this home for the past 20 years.

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
Utilities
  • Tenant Pays Unit 1B,C,H
  • Tenant Pays Unit 2B,C,D,H
Appliances
  • Appliances Unit 1A,B,C,D,S
  • 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 15% 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 18% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,200 Monthly $2,350
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$440,0002$220,0002.86%15.600.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,350$3,512
Year Total$28,200$42,144
Expense
Total$15,632$15,632
Net Operating Income$12,568$26,512
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5324 $14742 $20066 $1673
Total         $5,324 $14,742 $20,066   $-7,498 $5,324 $-2,174
Stabilized         $5,324 $14,742 $20,066   $6,446 $5,324 $11,770
Custom         $5324 $14742 $20066   $6446 $5324 $11770




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1330,0001,6734361,2384361,2381,673
2329,5651,6734371,2368732,4733,346
3329,1271,6734391,2341,3113,7085,019
4328,6891,6734401,2331,7524,9406,692
5328,2481,6734421,2312,1946,1718,365
6327,8061,6734441,2292,6387,40010,038
7327,3621,6734451,2283,0838,62811,711
8326,9171,6734471,2263,5309,85413,384
9326,4701,6734491,2243,97911,07815,057
10326,0211,6734501,2234,42912,30116,730
11325,5711,6734521,2214,88113,52218,403
12325,1191,6734541,2195,33514,74120,076
13324,6651,6734561,2175,79115,95821,749

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Listing Agent: Juliana Baird
Listing Office: Homesmart Connect LLC
720 Bolton Way Hanover Park

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