2 Flat 4317 Kedzie Irving Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 4317 Kedzie Irving Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60618

Built In: 1908

Lot Size: L

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $OWNR

Gross Income $18,000

Net Op. Income $10,000

Detailed Listing Description

BATEMAN SCHOOL DISTRICT! WALK TO HORNER PARK & ALL THAT HOT IRVING PARK HAS TO OFFER FROM THIS SOLID BRICK 2-FLAT (ZONED B3-2) THAT IS READY FOR CONVERSION TO SFH,REDEVELOPMENT OR KEEP AS MONEY-MAKING 2-FLAT (HIGH/DRY BASEMENT READY FOR DUPLEXING DOWN);PRESENTLY BUILDING COMPRISES 2 OVERSIZED 2-3BDRM 1200+SQFT UNITS (1ST FLOOR UNIT HAS INDIV GAS-FORCED HEAT AND CENTRAL A/C) & 1 1BDRM LOWER LEVEL UNIT (PRESENTLY GENERATES $500/MONTH);NEITHER SELLER NOR AGENT REPRESENT LEGALITY OF LOWER LEVEL UNIT;BRAND NEW ROOF (2017);NEWER WINDOWS (2009);NEW TUCKPOINTING (2015);OVERSIZED BACK YARD OASIS WITH IVY-COVERED NEIGHBOR'S WALLS & 2-CAR PARKING INCL!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,E,I,N,S
  • Appliances Unit 2A,B,E,J,N,S,U
Schools
  • Grade SchoolBateman Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolRoosevelt High School
  • 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 4% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 16% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $27,600 Monthly $2,300
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,5002$249,7501.78%18.100.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,300$3,144
Year Total$27,600$37,728
Expense
Total$18,691$18,691
Net Operating Income$8,909$19,037
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6044 $16735 $22779 $1899
Total         $6,044 $16,735 $22,779   $-13,870 $6,044 $-7,826
Stabilized         $6,044 $16,735 $22,779   $-3,742 $6,044 $2,302
Custom         $6044 $16735 $22779   $-3742 $6044 $2302




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,6251,8994941,4054941,4051,899
2374,1311,8994961,4039902,8083,798
3373,6351,8994981,4011,4884,2095,697
4373,1371,8995001,3991,9885,6087,596
5372,6371,8995021,3972,4897,0069,495
6372,1361,8995031,3962,9938,40111,394
7371,6321,8995051,3943,4989,79513,293
8371,1271,8995071,3924,00611,18615,192
9370,6191,8995091,3904,51512,57617,091
10370,1101,8995111,3885,02613,96418,990
11369,5991,8995131,3865,53915,35020,889
12369,0861,8995151,3846,05416,73422,788
13368,5711,8995171,3826,57118,11624,687

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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