2 Flat 8935 Muskegon Ave South Chicago Chicago IL| Chicago Property Listings – X Plus Real Estate

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2 Flat 8935 Muskegon Ave South Chicago Chicago IL

City: CHICAGO ZIP: 60617

Built In: U

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $850

Unit 2 Floor 2: 3 bedrooms 1 baths $700

Detailed Listing Description

solid brick 2 unit building,5 room 3 bedrooms in each apartment,located near park ,schools shopping and transportation..projected rent per unit based on rental sources in the area is about $1100.00 for 3 bedroom apartments.First floor has been recently updated including new carpeting..All newer replacement windows,wrought iron fence and gates in the front of the building,newer furnaces and water heaters,2 car detached garage.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60617

Listings in this Zip Code average: 2 to 3 units, and are priced at $98,662 to $161,586
This listing is 52% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Chicago

Listings in this Neighborhood average: 3 to 4 units, with average prices of $165,580 to $134,778
This listing is 54% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $18,600 Monthly $1,550
Rental Income Stabilized : Annual $21,000 Monthly $1,750
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,550$1,750
Year Total$18,600$21,000
Net Operating Income$6,310$8,710
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $1814 $5023 $6837 $570
Total         $1,814 $5,023 $6,837   $-527 $1,814 $1,287
Stabilized         $1,814 $5,023 $6,837   $1,873 $1,814 $3,687
Custom         $1814 $5023 $6837   $1873 $1814 $3687

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Mike Knezevich
Listing Office: East Side Real Estate
10539 S Ewing Av 1st Lev Frt Chicago

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