2 Flat 1736 Richmond West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 1736 Richmond West Town Chicago IL Mu Inve

City: CHICAGO ZIP: 60647

Built In: 1875

Lot Size: A

Lot Dimensions: 50X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Gross Income $43,800

Detailed Listing Description

ATTENTION! LOGAN SQUARE-VACANT LOT AND INVESTMENT PROPERTY ALL IN ONE, BUILD YOUR DREAM HOME NEXT TO YOUR INVESTMENT PROPERTY WITH Hot, turn-key, multi-unit building move-in-ready to live/rent! Lincoln Yards Development approved, will be extending the 606 Trail! Lot's of recent updates and work done (fresh paint, new kitchen floor, stained deck, laundry room, new fixtures, etc.) The 2.5 garage is grandfathered in with it's unique double overhead doors and concrete patio slab. Large, fenced in back yard (WOOF!). K IN INCOME. Rent immediately! Only vacant for listing and has never been dark in 10+ years! STEPS to the 606 Trail/Humboldt Blvd, 200 yard WALK to Humboldt Park, WALK to California Blue Line, easy access to 90/94 expressway (10 min to downtown), quiet one-way tree-lined street, great yard, WALK to the city's best restaurants and cocktail bars, night life, surrounded by new construction, single families, amazing neighbors, near Bucktown/Wicker and much more! This is the one!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 40% 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 21% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $30,413 Monthly $2,534
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$724,9002$362,4502.02%23.840.44%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,534$3,168
Year Total$30,413$38,016
Expense
Total$15,753$15,753
Net Operating Income$14,660$22,263
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8771 $24286 $33057 $2755
Total         $8,771 $24,286 $33,057   $-18,397 $8,771 $-9,626
Stabilized         $8,771 $24,286 $33,057   $-10,794 $8,771 $-2,023
Custom         $8771 $24286 $33057   $-10794 $8771 $-2023




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1543,6752,7557162,0397162,0392,755
2542,9592,7557192,0361,4354,0755,510
3542,2402,7557222,0332,1576,1088,265
4541,5182,7557242,0312,8818,13911,020
5540,7942,7557272,0283,60810,16713,775
6540,0672,7557302,0254,33812,19216,530
7539,3372,7557322,0235,07014,21519,285
8538,6052,7557352,0205,80616,23422,040
9537,8692,7557382,0176,54418,25124,795
10537,1312,7557412,0147,28420,26627,550
11536,3912,7557442,0118,02822,27730,305
12535,6472,7557462,0098,77424,28633,060
13534,9012,7557492,0069,52326,29235,815

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Listing Agent: John Fleming
Listing Office: Century 21 Affiliated
6136 N Northwest Hwy Chicago

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