2 Flat 2055 Whipple Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2055 Whipple Logan Square Chicago IL Mu In

City: CHICAGO ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $N/A

Unit 2 Floor 2: 1 bedrooms 1 baths $N/A

Detailed Listing Description

MAKE THIS HOUSE YOUR HOME! GREAT INVESTMENT PROPERTY LOCATED IN THE HEART OF LOGAN SQUARE, NEXT TO THE 606 TRAIL AND JUST BLOCKS FROM PALMER PARK. LEGAL 2 UNITS CONSISTS OF: 1ST FLOOR DUPLEXED DOWN WITH BASEMENT FEATURING HARDWOOD FLOORS, LIVING ROOM, SEPERATE DINNING ROOM, EAT IN KITCHEN W/LARGE PANTRY, 3 BEDROOMS, 2 FULL CERAMIC TILED BATHS WITH TUBS, 2ND FLOOR UNIT FEATURES CARPETED LIVING ROOM, DINNING ROOM, 1 BEDROOM WITH WINDOW AC UNIT, KITCHEN W/PANTRY, TILED BATH W/TUB, ENCLOSED BACK PORCH WITH SPACE FOR A SITTING AREA. COMPLETE TEAR OFF ROOF IN 2009 AS WELL AS THE HARDWOOD FLOORS, 1ST FLR FURNACE 2YRS OLD, 2ND FLR FURANCE NEW IGNITOR & MOTHERBOARD, HOT WATER TANK 1 YEAR OLD, CENTRAL HEAT BUT NO A/C. LARGE LAUNDRY AREA. CONCRETE READY FOR YOU TO BUILD A GARAGE, NICE SIZE YARD FOR SUMMER FUN. THIS PROPERTY NEEDS SOME WORK & AWAITS YOUR FINISHING TOUCHES.... SCHEDULE YOUR APPOINTMENT TODAY.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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
  • 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 8% 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 12% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,984 Monthly $2,832
Rental Income Stabilized : Annual $54,108 Monthly $4,509
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$474,9002$237,4503.53%13.970.95%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,832$4,509
Year Total$33,984$54,108
Expense
Total$17,208$17,208
Net Operating Income$16,776$36,900
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5746 $15911 $21657 $1805
Total         $5,746 $15,911 $21,657   $-4,881 $5,746 $865
Stabilized         $5,746 $15,911 $21,657   $15,243 $5,746 $20,989
Custom         $5746 $15911 $21657   $15243 $5746 $20989




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1356,1751,8054691,3364691,3361,805
2355,7061,8054711,3349402,6703,610
3355,2351,8054731,3321,4134,0025,415
4354,7621,8054751,3301,8885,3327,220
5354,2871,8054761,3292,3646,6619,025
6353,8111,8054781,3272,8437,98710,830
7353,3321,8054801,3253,3239,31212,635
8352,8521,8054821,3233,80410,63614,440
9352,3711,8054841,3214,28811,95716,245
10351,8871,8054851,3204,77313,27718,050
11351,4021,8054871,3185,26114,59419,855
12350,9141,8054891,3165,75015,91021,660
13350,4251,8054911,3146,24117,22423,465

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Listing Agent: Carmen Garcia Padilla
Listing Office: Illinois Real Estate Partners
2739 N. 72nd Ct. #2E Elmwood Park

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