4 Flat 2516 Campbell Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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4 Flat 2516 Campbell Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1905

Lot Size: A

Lot Dimensions: 37X126

# of Units: 4

Unit 1 Floor 0: 3 bedrooms 1 baths $800

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 1 bedrooms 1 baths $650

Unit 4 Floor 1: 3 bedrooms 1 baths $700

Gross Income $25,800

Detailed Listing Description

4 Unit Property in the Heart of Logan Square on oversized 27x126 lot! The main building is comprised of 1, 3 bed/1 bath unit, 1, 2bed/1bath unit, 1, 1bed/1bath unit, and a legal 2 story, 1-unit coach house that is 3bed/1 bath in the rear. Units currently under rented and plenty of value add opportunity here updated. Building tuckpointed 7 years ago. Zoned RS-3. Builders can build dream home with the massive lot size. Seller and Agent don't represent the legality of the units.

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Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D,F,H
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,C,D,J,P,S
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B,I,M
Schools
  • Grade SchoolBRENTANO ELEMENTARY SCHOOL MATH
  • 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 39% more than other 4 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 47% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,800 Monthly $2,150
Rental Income Stabilized : Annual $73,548 Monthly $6,129
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0004$174,750-0.92%27.090.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,150$6,129
Year Total$25,800$73,548
Expense
Total$32,219$32,219
Net Operating Income$-6,419$41,329
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-38,296 $8,458 $-29,838
Stabilized         $8,458 $23,419 $31,877   $9,452 $8,458 $17,910
Custom         $8458 $23419 $31877   $9452 $8458 $17910




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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