2 Flat 1923 Lawndale Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 1923 Lawndale Logan Square Chicago IL Mu I

City: CHICAGO ZIP: 60647

Built In: 1906

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 3 bedrooms 1 baths $1500

Detailed Listing Description

Great Investment! 1st and 2nr floor units have identical finishing 1st floor is a 2 bedroom unit and 2nd floor is a 3 bedroom unit. Fully occupied two units with great tenants, gross rents are $3000.00 per month. Tenants pay all there own utilities gas and electric. Both units have newer kitchens with granite counter tops/ All Stainless Steel appliances/in-unit washing machine and dryers/ hard wood flooring new doors and trim. Building has all newer windows in both units/Both units have there own furnace's and central air units. 2 Car Concrete slab was poured ready for next guy to build his garage. Basement has separate front and rear entry doors. Full unfinished attic ready for new owners with there own idea's.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,N,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,N,P,S
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 12% 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 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $36,000 Monthly $3,000
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$579,8982$289,9493.74%16.110.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,000$3,168
Year Total$36,000$38,016
Expense
Total$14,337$14,337
Net Operating Income$21,663$23,679
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7017 $19429 $26446 $2204
Total         $7,017 $19,429 $26,446   $-4,783 $7,017 $2,234
Stabilized         $7,017 $19,429 $26,446   $-2,767 $7,017 $4,250
Custom         $7017 $19429 $26446   $-2767 $7017 $4250




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1434,9242,2045731,6315731,6312,204
2434,3512,2045751,6291,1483,2604,408
3433,7762,2045771,6271,7264,8866,612
4433,1982,2045801,6242,3056,5118,816
5432,6192,2045821,6222,8878,13311,020
6432,0372,2045841,6203,4719,75313,224
7431,4532,2045861,6184,05711,37115,428
8430,8672,2045881,6164,64512,98717,632
9430,2792,2045901,6145,23514,60119,836
10429,6892,2045931,6115,82816,21222,040
11429,0962,2045951,6096,42317,82124,244
12428,5012,2045971,6077,02019,42826,448
13427,9042,2045991,6057,61921,03328,652

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Listing Agent: Daniel Vainisi
Listing Office: RE/MAX 1st Service
15637 S. 94th Avenue Orland Park

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