3 Flat 2903 Belden Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 2903 Belden Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1892

Lot Size: A

Lot Dimensions: 29X140

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1600

Unit 2 Floor 1: 3 bedrooms 1 baths $2200

Unit 3 Floor 2: 3 bedrooms 1 baths $2300

Net Op. Income $61,085

Detailed Listing Description

Recently updated, legal 3-unit Greystone in the heart of Logan Square on an oversized 29x140 lot. Perfect investor opportunity with room to increase rents to market value. Units consist of 2 large 3BD/1BTH with sun room and a 2BD/1BTH garden unit. Well maintained building with laundry in each unit, central heat, copper plumbing, backyard and 2-car garage. Unbeatable location steps away from the California Blue line, Logan Square's best restaurants/bars, neighborhood retail, and more.

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
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,J,P
  • Appliances Unit 2A,B,C,D,E,F,J,P
  • Appliances Unit 3A,B,C,D,E,F,J,P
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 49% 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 33% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $73,200 Monthly $6,100
Rental Income Stabilized : Annual $62,544 Monthly $5,212
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$925,0003$308,3334.92%12.640.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,100$5,212
Year Total$73,200$62,544
Expense
Total$27,714$27,714
Net Operating Income$45,486$34,830
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11192 $30990 $42182 $3516
Total         $11,192 $30,990 $42,182   $3,304 $11,192 $14,496
Stabilized         $11,192 $30,990 $42,182   $-7,352 $11,192 $3,840
Custom         $11192 $30990 $42182   $-7352 $11192 $3840




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1693,7503,5169142,6029142,6023,516
2692,8363,5169182,5981,8325,2007,032
3691,9183,5169212,5952,7547,79410,548
4690,9963,5169252,5913,67810,38614,064
5690,0723,5169282,5884,60712,97317,580
6689,1433,5169322,5845,53815,55821,096
7688,2123,5169352,5816,47418,13824,612
8687,2763,5169392,5777,41220,71628,128
9686,3383,5169422,5748,35423,29031,644
10685,3963,5169462,5709,30025,86035,160
11684,4503,5169492,56710,25028,42638,676
12683,5003,5169532,56311,20230,99042,192
13682,5483,5169562,56012,15933,54945,708

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Listing Agent: Michael Yeagle
Listing Office: Compass
1236 N Paulina St Chicago

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