2 Flat 2247 Belden Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2247 Belden Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1890

Lot Size: A

Lot Dimensions: 24X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 2: 3 bedrooms 2 baths $N/A

Detailed Listing Description

This Bucktown oasis is currently home to a "super host" level AirBnB. The first floor unit, a 2 bed plus den/sunroom and spacious deck, was being rented furnished for $2,000 a month plus $200 for parking. The duplex up, a 3 bed plus 2 dens, was previously the owner's suite turned AirBnb and features: skylights, exposed brick, a murphy bed, walk in pantry, picture frame molding and a deck. Every inch of this building has been utilized to maximize storage, including custom built in dressers and shelving. The basement is the perfect workshop and provides a ton of additional storage. A tidy backyard features landscaped trees and a fountain. The current owner is an interior designer and has outfitted every inch of this home with thoughtful customization to showcase the traditional charm with modern upgrades. The building has been meticulously maintained with new siding put on the garage, tuck pointing that should last another 3-7 years, the trees trimmed back and a solid roof.

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 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,P,S
Schools
  • Grade SchoolPulaski International
  • 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 69% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 63% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $45,864 Monthly $3,822
Rental Income Stabilized : Annual $50,880 Monthly $4,240
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$874,9002$437,4502.80%19.080.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,822$4,240
Year Total$45,864$50,880
Expense
Total$21,349$21,349
Net Operating Income$24,515$29,531
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10586 $29312 $39898 $3325
Total         $10,586 $29,312 $39,898   $-15,383 $10,586 $-4,797
Stabilized         $10,586 $29,312 $39,898   $-10,367 $10,586 $219
Custom         $10586 $29312 $39898   $-10367 $10586 $219




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1656,1753,3258642,4618642,4613,325
2655,3113,3258682,4571,7324,9186,650
3654,4433,3258712,4542,6037,3729,975
4653,5723,3258742,4513,4779,82313,300
5652,6983,3258772,4484,35412,27116,625
6651,8213,3258812,4445,23514,71519,950
7650,9403,3258842,4416,11917,15623,275
8650,0563,3258872,4387,00619,59426,600
9649,1693,3258912,4347,89722,02829,925
10648,2783,3258942,4318,79124,45933,250
11647,3843,3258972,4289,68826,88736,575
12646,4873,3259012,42410,58929,31139,900
13645,5863,3259042,42111,49331,73243,225

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Listing Agent: Courtney Kennedy
Listing Office: @properties
1350 N. Wells St. #F520 Chicago

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