2 Flat 2511 Walton West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 2511 Walton West Town Chicago IL Mu Invest

City: Chicago ZIP: 60622

Built In: 1900

Lot Size: A

Lot Dimensions: 23X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2500

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Gross Income $55,200

Net Op. Income $39,707

Detailed Listing Description

Immaculately updated Greystone located in the heart of thriving Ukrainian Village. This two-flat is an investors dream, with a complete gut-rehab only 5 years ago. All new appliances, mechanicals, and well-manicured outdoor space make this an ideal investment property or owner-occupied unit. Unit 1 boasts two floors of open floor plan with rich hardwood floors throughout. The lower level opens to a large den and master suite, with a spacious walk-in closet and private ensuite bathroom. Unit two offers three pristine bedrooms and newly remodeled bathroom. The modern kitchen has ample storage space and an eat-in breakfast nook. Both units offer enclosed sunrooms off the kitchen, making the space ideal for extra storage. Fenced in backyard has not only green space, ideal for pets but also lush apple trees. Unit 1 is estimated to return $2,100/month and is currently rented on a month to month basis. Unit 2 is estimated to return $2,500/month and is currently unoccupied. This perfectly situ

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 1A,B,C,D,I
  • Appliances Unit 2A,B,C,D,I
Schools
  • Grade SchoolChopin Elementary School
  • Grade School District299
  • Jr High/Middle SchoolChopin Elementary School
  • Jr High/Middle School District299
  • High SchoolClemente Community Academy Senio
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 21% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $55,200 Monthly $4,600
Rental Income Stabilized : Annual $56,304 Monthly $4,692
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$645,0002$322,5004.70%11.680.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,600$4,692
Year Total$55,200$56,304
Expense
Total$24,913$24,913
Net Operating Income$30,287$31,391
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7804 $21610 $29414 $2452
Total         $7,804 $21,610 $29,414   $873 $7,804 $8,677
Stabilized         $7,804 $21,610 $29,414   $1,977 $7,804 $9,781
Custom         $7804 $21610 $29414   $1977 $7804 $9781




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1483,7502,4526381,8146381,8142,452
2483,1122,4526401,8121,2783,6264,904
3482,4722,4526431,8091,9215,4357,356
4481,8292,4526451,8072,5667,2429,808
5481,1842,4526481,8043,2149,04612,260
6480,5362,4526501,8023,86410,84814,712
7479,8862,4526521,8004,51612,64817,164
8479,2342,4526551,7975,17114,44519,616
9478,5792,4526571,7955,82816,24022,068
10477,9222,4526601,7926,48818,03224,520
11477,2622,4526621,7907,15019,82226,972
12476,6002,4526651,7877,81521,60929,424
13475,9352,4526671,7858,48223,39431,876

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Listing Agent: Leigh Marcus
Listing Office: @properties
3330 N Hamilton Chicago

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