2 Flat 2010 Superior West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 2010 Superior West Town Chicago IL Mu Inve

City: Chicago ZIP: 60612

Built In: 1887

Lot Size: L

Lot Dimensions: 48X100

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $2000

Detailed Listing Description

This greystone 2-flat in central West Town sits on a 24x100 parcel with vacant lot next door included in price. A new owner could occupy and rent out to cover monthly costs or convert to single family. The property has been renovated over the past five years and includes copper plumbing throughout, newer boiler (services 1st and 2nd floors), replaced electrical service panels with wiring on the second floor and partially re wired 1st floor. Basement is dry with laundry and storage area for the building. Rear porch was replaced in 2016 and the 2 car garage for property sits on adjacent lot (2010 Superior). Owner prefers to sell both lots together.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Grade SchoolTalcott Elementary School
  • Grade School District299
  • Jr High/Middle SchoolTalcott Elementary School
  • Jr High/Middle School District299
  • High SchoolWells Community Academy Senior H
  • High School District299

Comparative Data

Zip Code Comparison: 60612

Listings in this Zip Code average: 2 to 3 units, and are priced at $326,800 to $381,361
This listing is 204% 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 66% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $24,000 Monthly $2,000
Rental Income Stabilized : Annual $32,376 Monthly $2,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,000$2,698
Year Total$24,000$32,376
Net Operating Income$2,661$11,037
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $12039 $33335 $45374 $3782
Total         $12,039 $33,335 $45,374   $-42,713 $12,039 $-30,674
Stabilized         $12,039 $33,335 $45,374   $-34,337 $12,039 $-22,298
Custom         $12039 $33335 $45374   $-34337 $12039 $-22298

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Lucas Blahnik
Listing Office: @properties
1520 N. Damen Ave #A1 Chicago

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