3 Flat 2823 Albany Avondale Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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3 Flat 2823 Albany Avondale Chicago IL Mu Investm

City: Chicago ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 125X25

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1800

Unit 2 Floor 2: 2 bedrooms 1 baths $1700

Unit 3 Floor 2: 3 bedrooms 1 baths $2050

Detailed Listing Description

Great opportunity for a well maintained legal 3 Unit in the perfect Logan Square location. Easy commute to downtown, with easy access to the 90/94 highway and a five minute walk to the Logan Square Blue Line. Enjoyable location, with a nearby Farmer's market, trendy Cocktail Bars and plenty of Restaurants. BRICK building on a quiet tree lined street, with two units in the main building along with a separate Coach House. Spacious Units with plenty of natural light that feature hardwood floors, built-ins, and beautiful woodwork throughout.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,E,J,K,S
  • Appliances Unit 2A,B,E,J,K
  • Appliances Unit 3A,C,D,I
Schools
  • Grade SchoolLogandale Middle School
  • Grade School District299
  • Jr High/Middle SchoolAlcott Elementary School
  • Jr High/Middle School District299
  • High SchoolAlcott Elementary School
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 28% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 51% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $66,600 Monthly $5,550
Rental Income Stabilized : Annual $60,708 Monthly $5,059
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,8883$249,9634.91%11.260.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,550$5,059
Year Total$66,600$60,708
Expense
Total$29,754$29,754
Net Operating Income$36,846$30,954
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9074 $25124 $34198 $2850
Total         $9,074 $25,124 $34,198   $2,648 $9,074 $11,722
Stabilized         $9,074 $25,124 $34,198   $-3,244 $9,074 $5,830
Custom         $9074 $25124 $34198   $-3244 $9074 $5830




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,4162,8507412,1097412,1092,850
2561,6752,8507442,1061,4854,2155,700
3560,9312,8507472,1032,2316,3198,550
4560,1852,8507492,1012,9808,42011,400
5559,4362,8507522,0983,73310,51714,250
6558,6832,8507552,0954,48812,61217,100
7557,9282,8507582,0925,24514,70519,950
8557,1712,8507612,0896,00616,79422,800
9556,4102,8507632,0876,76918,88125,650
10555,6472,8507662,0847,53620,96428,500
11554,8802,8507692,0818,30523,04531,350
12554,1112,8507722,0789,07725,12334,200
13553,3392,8507752,0759,85227,19837,050

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Listing Agent: Niral Patel
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
210 S. Desplaines St. #1111 Chicago

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