2 Flat 2956 Talman Avondale Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 2956 Talman Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: 1895

Lot Size: L

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1280

Unit 2 Floor 2: 3 bedrooms 2 baths $1850

Gross Income $37,560

Detailed Listing Description

Rehabbed 2-Flat in Avondale! Perfect for a turn-key investment or owner occupant. Modest rents and untapped garage parking offer immediate growth potential. Prospective SF conversion. Updated plumbing, electrical, kitchens, baths, windows, hardwood floors and more! Both units equipped with washers/dryers, dishwashers, and central air. New 2 car garage. Duplex up has 3 bedrooms, 2 baths and would be a fabulous Owner's unit. 1st floor unit is 2 beds/1 bath. Nice backyard and decks off all 3 levels. Sweet location offers high rent-ability confidence. Nestled on a quiet, 1-way, street with nearby access to the expressway, Blue Line, shopping, restaurants, bars and conveniences. Very low owner expenses. Tenant paid utilities. Current gross income: $37,560.

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,I,S
  • Appliances Unit 2A,B,C,D,E,I,P,S,U
Schools
  • 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 35% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 47% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $37,560 Monthly $3,130
Rental Income Stabilized : Annual $47,220 Monthly $3,935
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,9002$324,9502.84%17.300.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,130$3,935
Year Total$37,560$47,220
Expense
Total$19,119$19,119
Net Operating Income$18,441$28,101
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $-11,197 $7,864 $-3,333
Stabilized         $7,864 $21,774 $29,638   $-1,537 $7,864 $6,327
Custom         $7864 $21774 $29638   $-1537 $7864 $6327




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,4252,4706421,8286421,8282,470
2486,7832,4706451,8251,2873,6534,940
3486,1382,4706471,8231,9345,4767,410
4485,4912,4706491,8212,5837,2979,880
5484,8422,4706521,8183,2359,11512,350
6484,1902,4706541,8163,88910,93114,820
7483,5362,4706571,8134,54612,74417,290
8482,8792,4706591,8115,20514,55519,760
9482,2202,4706621,8085,86716,36322,230
10481,5582,4706641,8066,53118,16924,700
11480,8942,4706671,8037,19819,97227,170
12480,2272,4706691,8017,86721,77329,640
13479,5582,4706721,7988,53823,57232,110

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Listing Agent: Steve Siciliano
Listing Office: Coldwell Banker Residential
3835 Wolf Rd. Western Springs

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