2 Flat 4405 Prairie Grand Boulevard Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 4405 Prairie Grand Boulevard Chicago IL Mu

City: CHICAGO ZIP: 60653

Built In: U

Lot Size: A

Lot Dimensions: 16X137

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $700

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Prairie Avenue in Bronzeville is an historic street!! The corridor has new construction Single Family Homes, Condo's, Multi Units and more!! 4405 S. Prairie is the BEST INVESTMENT opportunity in the neighborhood!! Walk to train, to bus, 5 minutes to downtown Chicago, 5 minutes to Hyde Park! Walk to Mariano's! Two unit Greystone with tons of space. One unit occupied, One unit available for rent or renovation!! Rear garage is also an income earner! Mechanicals in good condition...some TLC needed!!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60653

Listings in this Zip Code average: 3 to 4 units, and are priced at $307,667 to $139,000
This listing is 15% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Grand Boulevard

Listings in this Neighborhood average: 3 to 4 units, with average prices of $270,844 to $304,450
This listing is 17% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $8,400 Monthly $700
Rental Income Stabilized : Annual $31,140 Monthly $2,595
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$700$2,595
Year Total$8,400$31,140
Net Operating Income$-3,085$19,655
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $2723 $7539 $10262 $856
Total         $2,723 $7,539 $10,262   $-13,347 $2,723 $-10,624
Stabilized         $2,723 $7,539 $10,262   $9,393 $2,723 $12,116
Custom         $2723 $7539 $10262   $9393 $2723 $12116

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Lauren Lowery
Listing Office: Finders Plus Real Estate
P.O. Box A3859 Chicago

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