2 Flat 2057 Bingham Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2057 Bingham Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 24 X 105.1

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $800

Unit 2 Floor 2: 2 bedrooms 1 baths $O

Detailed Listing Description

NEW CONSTRUCTION has overtaken block...Tear down, build new or update to keep as investment property. Newer 2 car detached garage. Legal 2-flat according to county records. Drive by or call now for showing. Armitage, Milwaukee & Western Avenues on a quiet one way street. HOT WEST-BUCKTOWN/LOGAN SQUARE AREA! WILL NOT LAST!

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 2A
Appliances
  • Appliances Unit 1A,B
  • 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 32% 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 34% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,956 Monthly $2,163
Rental Income Stabilized : Annual $38,172 Monthly $3,181
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$355,0002$177,5003.15%13.680.90%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,163$3,181
Year Total$25,956$38,172
Expense
Total$14,761$14,761
Net Operating Income$11,195$23,411
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4296 $11894 $16190 $1350
Total         $4,296 $11,894 $16,190   $-4,995 $4,296 $-699
Stabilized         $4,296 $11,894 $16,190   $7,221 $4,296 $11,517
Custom         $4296 $11894 $16190   $7221 $4296 $11517




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1266,2501,3503529983529981,350
2265,8981,3503539977041,9962,700
3265,5461,3503549961,0592,9914,050
4265,1911,3503569941,4143,9865,400
5264,8361,3503579931,7714,9796,750
6264,4791,3503589922,1295,9718,100
7264,1211,3503609902,4896,9619,450
8263,7611,3503619892,8507,95010,800
9263,4001,3503629883,2128,93812,150
10263,0381,3503649863,5769,92413,500
11262,6741,3503659853,94110,90914,850
12262,3091,3503669844,30711,89316,200
13261,9431,3503689824,67512,87517,550

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Listing Agent: Steve Seplowin
Listing Office: American Realty Properties Inc

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