3 Flat 3579 Mclean Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 3579 Mclean Logan Square Chicago IL Mu Inv

City: CHICAGO ZIP: 60647

Built In: 1891

Lot Size: A

Lot Dimensions: 24 X 126

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor 3: 3 bedrooms 1 baths $825

Detailed Listing Description

Location, location, location. Excellent opportunity in the heart of Logan Square to own this 3 flat. Great location with lots of new development going on, shopping, restaurants, transportation, and near 606 Trail. Spacious units and high ceilings. New drywall on 2nd floor, rents can be higher. Being Sold As-Is!!

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
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A
  • Appliances Unit 3A
Schools
  • 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 36% more than other 3 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 43% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,900 Monthly $1,825
Rental Income Stabilized : Annual $67,920 Monthly $5,660
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$394,9003$131,6331.03%18.031.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,825$5,660
Year Total$21,900$67,920
Expense
Total$17,829$17,829
Net Operating Income$4,071$50,091
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4778 $13231 $18009 $1501
Total         $4,778 $13,231 $18,009   $-13,938 $4,778 $-9,160
Stabilized         $4,778 $13,231 $18,009   $32,082 $4,778 $36,860
Custom         $4778 $13231 $18009   $32082 $4778 $36860




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1296,1751,5013901,1113901,1111,501
2295,7851,5013921,1097822,2203,002
3295,3931,5013931,1081,1753,3284,503
4295,0001,5013951,1061,5704,4346,004
5294,6051,5013961,1051,9665,5397,505
6294,2091,5013981,1032,3646,6429,006
7293,8111,5013991,1022,7637,74410,507
8293,4121,5014011,1003,1648,84412,008
9293,0111,5014021,0993,5669,94313,509
10292,6091,5014041,0973,97011,04015,010
11292,2051,5014051,0964,37512,13616,511
12291,8001,5014071,0944,78213,23018,012
13291,3931,5014081,0935,19014,32319,513

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Listing Agent: Maria Rios
Listing Office: Main Event Real Estate Group LTD
1720 N. Nagle Elmwood Park

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