2 Flat 2203 Grove Blue Island IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 2203 Grove Blue Island IL Mu

City: BLUE ISLAND ZIP: 60406

Built In: 1883

Lot Size: A

Lot Dimensions: 30X140

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Detailed Listing Description

**Great Investment Opportunity Blue Island 2 Flat!~Currently 3 Units 2 Bedrooms 1 Bath~1 Unit 1 Bedroom 1 Bath w/Extra Storage Room~Eat-in Kitchens & Spacious Living Rooms~Full Unfinished Basement~Bring Your Ideas for 2 Flat Building w/Huge Units!~Occupied Units in Great Condition~Great Location & Close to Everything!~Sold As-Is Cash Only~Don't Miss Out!**

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A
  • Appliances Unit 2A,B
Schools
  • Grade School District130
  • Jr High/Middle School District130
  • High School District218

Comparative Data

Zip Code Comparison: 60406

Listings in this Zip Code average: 2 to 3 units, and are priced at $119,750 to $151,314
This listing is 37% more than other 2 unit listings in this zipcode.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $1,480 Monthly $123
Rental Income Stabilized : Annual $1,850 Monthly $154
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$74,9002$37,450-14.38%50.612.47%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$123$154
Year Total$1,480$1,850
Expense
Total$12,247$12,247
Net Operating Income$-10,767$-10,397
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $907 $2510 $3417 $285
Total         $907 $2,510 $3,417   $-14,184 $907 $-13,277
Stabilized         $907 $2,510 $3,417   $-13,814 $907 $-12,907
Custom         $907 $2510 $3417   $-13814 $907 $-12907




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
156,1752857421174211285
256,10128575210149421570
356,02628575210224631855
455,951285752102998411,140
555,876285752103751,0501,425
655,800285762094501,2601,710
755,725285762095261,4691,995
855,649285762096031,6772,280
955,572285772086791,8862,565
1055,496285772087562,0942,850
1155,419285772088332,3023,135
1255,342285772089112,5093,420
1355,264285782079892,7163,705

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Listing Agent: Jaime Birks
Listing Office: Corona Realty Group, Inc.

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