2 Flat 1937 Grand West Town Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 1937 Grand West Town Chicago IL Mu Investm

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 2325

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

TWO FLAT LOCATED ON THE LAST UNDEVELOPED STRETCH OF UK VILLAGE. ZONED M1-2. PRIME CANDIDATE FOR NEW CONSTRUCTION RETAIL/CONDOS OR JUST CONDOS. BUILDING NEEDS UPDATING. RENTS ARE UNDER MARKET. LEASES ARE MTM. BUNGALOW NEXT DOOR @ 1933 W GRAND MUST BE SOLD TOGETHER. DRIVE BY FIRST.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipN
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
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: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 25% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 33% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $32,659 Monthly $2,722
Rental Income Stabilized : Annual $40,824 Monthly $3,402
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,0002$199,5003.78%12.220.85%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,722$3,402
Year Total$32,659$40,824
Expense
Total$17,591$17,591
Net Operating Income$15,068$23,233
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4828 $13368 $18196 $1517
Total         $4,828 $13,368 $18,196   $-3,128 $4,828 $1,700
Stabilized         $4,828 $13,368 $18,196   $5,037 $4,828 $9,865
Custom         $4828 $13368 $18196   $5037 $4828 $9865




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,2501,5173951,1223951,1221,517
2298,8551,5173961,1217912,2433,034
3298,4591,5173981,1191,1893,3624,551
4298,0611,5173991,1181,5884,4806,068
5297,6621,5174011,1161,9895,5967,585
6297,2611,5174021,1152,3916,7119,102
7296,8591,5174041,1132,7957,82410,619
8296,4551,5174051,1123,2008,93612,136
9296,0501,5174071,1103,60710,04613,653
10295,6431,5174081,1094,01511,15515,170
11295,2351,5174101,1074,42512,26216,687
12294,8251,5174111,1064,83713,36718,204
13294,4131,5174131,1045,25014,47119,721

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Listing Agent: Jennifer Fay
Listing Office: RE/MAX Edge
1730 Park St. #109 Naperville

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