2 Flat 1831 Newport North Center Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 1831 Newport North Center Chicago IL Mu In

City: CHICAGO ZIP: 60657

Built In: 1911

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2950

Unit 2 Floor 2: 2 bedrooms 1 baths $1850

Detailed Listing Description

Meticulously maintained classic Chicago brownstone on a gorgeous one-way block in the heart of Roscoe Village! So many options for great investment: live in duplex owner's unit on 1st two levels featuring 3beds/2baths, finished basement and quality updates throughout, or occupy second level 2bed(option for 3)/1bath unit and collect generous rent from lower level to pay down a mortgage. Entire building has been cared for both inside and out! Windows, masonry, roof, foundation, garage, mechanicals (HVAC, appliances, W/D) all replaced/maintained in recent years. Beautifully landscaped front entry and quiet, secluded backyard with 2 car garage and paver patio make this an amazing home for living comfortably and/or building long term wealth. AMAZING LOCATION: walk to Pauline brown line, restaurants along Lincoln, Roscoe, etc, shopping, parks and green space.

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 1A,I
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,P,S
  • Appliances Unit 2A,B,E,F,I,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 9% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 21% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $57,600 Monthly $4,800
Rental Income Stabilized : Annual $57,900 Monthly $4,825
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$790,0002$395,0004.32%13.720.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,800$4,825
Year Total$57,600$57,900
Expense
Total$23,477$23,477
Net Operating Income$34,123$34,423
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9559 $26467 $36026 $3003
Total         $9,559 $26,467 $36,026   $-1,903 $9,559 $7,656
Stabilized         $9,559 $26,467 $36,026   $-1,603 $9,559 $7,956
Custom         $9559 $26467 $36026   $-1603 $9559 $7956




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1592,5003,0037812,2227812,2223,003
2591,7193,0037842,2191,5654,4416,006
3590,9353,0037872,2162,3526,6579,009
4590,1483,0037902,2133,1428,87012,012
5589,3583,0037932,2103,93511,08015,015
6588,5653,0037962,2074,73113,28718,018
7587,7693,0037992,2045,53015,49121,021
8586,9703,0038022,2016,33217,69224,024
9586,1683,0038052,1987,13719,89027,027
10585,3633,0038082,1957,94422,08630,030
11584,5563,0038112,1928,75524,27833,033
12583,7453,0038142,1899,56926,46736,036
13582,9313,0038172,18610,38628,65339,039

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Listing Agent: Emily Phair
Listing Office: Keller Williams Chicago-Lincoln Park
4217 N Sheridan Rd # 2f Chicago

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