2 Flat 2834 Addison Irving Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2834 Addison Irving Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60618

Built In: U

Lot Size: A

Lot Dimensions: 43.39 X 125.00

Lot Description: E,H

# of Units: 2

Unit 1 Floor 2: 2 bedrooms 2 baths $0

Unit 2 Floor 3: 2 bedrooms 2 baths $0

Detailed Listing Description

_________ ARCHITECTURALLY SIGNIFICANT PROPERTY in the INTERNATIONAL STYLE with FLAVORS of LE CORBUSIER _________ 5400 SF +/- ABOVE GRADE ________ UNIQUE REHAB OPPORTUNITY to CREATE a MASTERPIECE ________ IDEALLY SITED on a 43.39' X 125' CORNER LOT with NORTH - SOUTH - EAST ORIENTATION _________ SOUTH ELEVATION 38+' WIDE _________ REAR YARD at 1700+ SF for POSSIBLE 4 CAR GARAGE _________ 2500 SF ROOF for POSSIBLE MASTER SUITE with HUGE ROOF TOP DECK _________ EXISTING ON SITE PARKING for 6 CARS ______

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 66% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 86% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $39,456 Monthly $3,288
Rental Income Stabilized : Annual $49,320 Monthly $4,110
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0002$399,5001.93%20.250.51%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,288$4,110
Year Total$39,456$49,320
Expense
Total$24,003$24,003
Net Operating Income$15,453$25,317
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-20,984 $9,668 $-11,316
Stabilized         $9,668 $26,769 $36,437   $-11,120 $9,668 $-1,452
Custom         $9668 $26769 $36437   $-11120 $9668 $-1452




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: John Oshana
Listing Office: Kale Realty
3640 N. Hermitage #2 Chicago

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