2 Flat 3228 Potomac Humboldt Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 3228 Potomac Humboldt Park Chicago IL Mu I

City: CHICAGO ZIP: 60651

Built In: 1905

Lot Size: A

Lot Dimensions: 3850

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $800

Unit 2 Floor 2: 3 bedrooms 1 baths $800

Detailed Listing Description

INVESTORS LOOKING FOR YOUR NEXT PROJECT? HEART OF HUMBOLDT PARK GREYSTONE. STEPS FROM THE PARK. PROPERTY NEEDS COMPLETE REHAB 2 FLAT WITH 2-6 ROOM 3 BEDROOM APARTMENTS, FULL FINISHED BASEMENT WITH 2 ADDITIONAL BATHROOMS. BASEMENT HAS FORCE HEAT, 1ST AND 2ND FLOOR HAS HOT WATER HEAT. PROPERTY 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 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 94% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 67% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $19,200 Monthly $1,600
Rental Income Stabilized : Annual $31,656 Monthly $2,638
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$375,0002$187,5000.53%19.530.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,600$2,638
Year Total$19,200$31,656
Expense
Total$17,195$17,195
Net Operating Income$2,005$14,461
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4538 $12564 $17102 $1426
Total         $4,538 $12,564 $17,102   $-15,097 $4,538 $-10,559
Stabilized         $4,538 $12,564 $17,102   $-2,641 $4,538 $1,897
Custom         $4538 $12564 $17102   $-2641 $4538 $1897




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1281,2501,4263711,0553711,0551,426
2280,8791,4263731,0537442,1082,852
3280,5061,4263741,0521,1183,1604,278
4280,1321,4263761,0501,4944,2105,704
5279,7561,4263771,0491,8715,2597,130
6279,3791,4263781,0482,2496,3078,556
7279,0011,4263801,0462,6297,3539,982
8278,6211,4263811,0453,0108,39811,408
9278,2401,4263831,0433,3929,44212,834
10277,8581,4263841,0423,77610,48414,260
11277,4741,4263851,0414,16211,52415,686
12277,0881,4263871,0394,54912,56317,112
13276,7011,4263881,0384,93713,60118,538

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Listing Agent: Corina Flores-Moradi
Listing Office: Re/Max Landmark
6020 W. Higgins Ave Ste C Chicago

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