2 Flat 2956 Springfield Avondale Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2956 Springfield Avondale Chicago IL Mu In

City: CHICAGO ZIP: 60618

Built In: 1921

Lot Size: A

Lot Dimensions: 30X128

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $MTM

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

So much potential for this solid vintage brick two flat in HOT Avondale! 3 bedroom units, featuring expansive living rooms, separate dining room, large bedrooms, beautiful original woodwork throughout, enclosed porches. Two separate boiler systems, full unfinished basement, waiting for your ideas, plus a 2.5 car garage. Tremendous rental income potential! This won't last, call today!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1J,S
  • Appliances Unit 2J,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 17% more than other 2 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 10% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $15,720 Monthly $1,310
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,0002$199,5000.10%25.380.74%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,310$2,933
Year Total$15,720$35,196
Expense
Total$15,314$15,314
Net Operating Income$406$19,882
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4828 $13368 $18196 $1517
Total         $4,828 $13,368 $18,196   $-17,790 $4,828 $-12,962
Stabilized         $4,828 $13,368 $18,196   $1,686 $4,828 $6,514
Custom         $4828 $13368 $18196   $1686 $4828 $6514




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,2501,5173951,1223951,1221,517
2298,8551,5173961,1217912,2433,034
3298,4591,5173981,1191,1893,3624,551
4298,0611,5173991,1181,5884,4806,068
5297,6621,5174011,1161,9895,5967,585
6297,2611,5174021,1152,3916,7119,102
7296,8591,5174041,1132,7957,82410,619
8296,4551,5174051,1123,2008,93612,136
9296,0501,5174071,1103,60710,04613,653
10295,6431,5174081,1094,01511,15515,170
11295,2351,5174101,1074,42512,26216,687
12294,8251,5174111,1064,83713,36718,204
13294,4131,5174131,1045,25014,47119,721

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Listing Agent: Melanie Giglio
Listing Office: Compass
1844 W Erie St Chicago

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