2 Flat 1904 Spaulding Logan Square Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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2 Flat 1904 Spaulding Logan Square Chicago IL Mu

City: CHICAGO ZIP: 60647

Built In: 1900

Lot Size: A

Lot Dimensions: 30X171

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1300

Unit 2 Floor 2: 3 bedrooms 1 baths $1100

Detailed Listing Description

Great opportunity to own this solid greystone two-flat building with an in-law apartment in the basement in the very desired Logan Square neighborhood, just 1 1/2 blocks north of the 606 trail. All 3 of the units are 3br/1ba including the in-law apartment. The property has a two-car detached garage and a large backyard, 30x171 lot. This property is close to public transportation and easy access to I-90, walking distance to dining, shopping, and entertainment. The neighborhood is full of new developments and is great opportunity to own and collect rent or for investors. The property is being sold AS-IS. The owner and Broker don't warrant the legality of the basement unit.

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 13% 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 9% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,800 Monthly $2,400
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$585,0002$292,5001.37%20.310.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,400$3,512
Year Total$28,800$42,144
Expense
Total$20,793$20,793
Net Operating Income$8,007$21,351
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7079 $19599 $26678 $2224
Total         $7,079 $19,599 $26,678   $-18,671 $7,079 $-11,592
Stabilized         $7,079 $19,599 $26,678   $-5,327 $7,079 $1,752
Custom         $7079 $19599 $26678   $-5327 $7079 $1752




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1438,7502,2245791,6455791,6452,224
2438,1712,2245811,6431,1603,2884,448
3437,5902,2245831,6411,7434,9296,672
4437,0072,2245851,6392,3286,5688,896
5436,4222,2245871,6372,9158,20511,120
6435,8352,2245901,6343,5059,83913,344
7435,2452,2245921,6324,09711,47115,568
8434,6532,2245941,6304,69113,10117,792
9434,0592,2245961,6285,28714,72920,016
10433,4632,2245991,6255,88616,35422,240
11432,8642,2246011,6236,48617,97824,464
12432,2642,2246031,6217,08919,59926,688
13431,6612,2246051,6197,69521,21728,912

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Listing Agent: Ricardo Rodriguez
Listing Office: Cobblestone Realty Inc
3028 W Eastwood Ave #2 Chicago

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