2 Flat 2943 Wisner Avondale Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 2943 Wisner Avondale Chicago IL Mu Investm

City: CHICAGO ZIP: 60618

Built In: 1908

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1975

Unit 2 Floor 2: 4 bedrooms 2 baths $2400

Detailed Listing Description

INCREDIBLE opportunity to own this COMPLETELY gut rehabbed (siding, plumbing, roof, mechanicals, appliances, finishes, etc.) 2 flat only one block away from all the action on Milwaukee Ave in the hot Logan/Avondale area. This is an up and coming area where your rents will only grow! Both units feature hardwood floors throughout, high ceilings & beautiful modern finishes. The completely upgraded kitchens have granite counters, SS appliances and breakfast bars. 1st Floor Unit is a spacious 3 bed/1 bath. Currently basement has additional storage & laundry for the 1st floor unit. 2nd Floor Unit is a beautiful duplex up, 4 bed/2 bath with bonus storage/den area. W/D in 2nd floor unit. Property has a 2-car garage, currently each unit has a spot but in the future this could be rented for $150/spot. Each unit has a nice deck in back and access to a great backyard. Only a few blocks from the Belmont and Logan Square Blue Lines. Get this before it is gone! It's an amazing investment!!!

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
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2A
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 35% 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 47% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $52,500 Monthly $4,375
Rental Income Stabilized : Annual $51,096 Monthly $4,258
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$650,0002$325,0005.48%12.380.66%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,375$4,258
Year Total$52,500$51,096
Expense
Total$16,873$16,873
Net Operating Income$35,627$34,223
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7865 $21777 $29642 $2471
Total         $7,865 $21,777 $29,642   $5,985 $7,865 $13,850
Stabilized         $7,865 $21,777 $29,642   $4,581 $7,865 $12,446
Custom         $7865 $21777 $29642   $4581 $7865 $12446




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,5002,4716431,8286431,8282,471
2486,8572,4716451,8261,2883,6544,942
3486,2122,4716481,8231,9365,4777,413
4485,5642,4716501,8212,5867,2989,884
5484,9142,4716531,8183,2399,11612,355
6484,2612,4716551,8163,89410,93214,826
7483,6062,4716571,8144,55112,74617,297
8482,9492,4716601,8115,21114,55719,768
9482,2892,4716621,8095,87316,36622,239
10481,6272,4716651,8066,53818,17224,710
11480,9622,4716671,8047,20619,97527,181
12480,2942,4716701,8017,87621,77629,652
13479,6242,4716721,7998,54823,57532,123

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Listing Agent: Rubina Bokhari
Listing Office: Jameson Sotheby's Int'l Realty
240 E Illinois, 1407 Chicago

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