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
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Appliances Unit 1A,B,E,J,K,S
  • Appliances Unit 2A,B,E,J,K
  • Appliances Unit 3A,C,D,I
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,550$5,059
Year Total$66,600$60,708
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
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

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

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