2 Flat 3144 Spaulding Avondale Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 3144 Spaulding Avondale Chicago IL Mu Inve

City: Chicago ZIP: 60618

Built In: 1896

Lot Size: B

Lot Dimensions: 37 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1150

Detailed Listing Description

This property is offset to the rear of an over sized city lot that has tons of potential. Zoned as an RS-3 the potential for growth and development on this lot is hard to find in a quickly selling Avondale community. The proximity to the Belmont Blue Line and Kennedy Expressway makes City commuting a breeze. The multi unit has 2 beds per floor with 1 bath per floor and has hardwood floors throughout. Whether it be to develop this land or utilize it for its natural purpose there is value in this property. Easy to show!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D
  • Tenant Pays Unit 2B,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 14% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 25% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $13,800 Monthly $1,150
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$550,0002$275,0000.15%39.860.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,150$2,933
Year Total$13,800$35,196
Expense
Total$12,974$12,974
Net Operating Income$826$22,222
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6655 $18427 $25082 $2091
Total         $6,655 $18,427 $25,082   $-24,256 $6,655 $-17,601
Stabilized         $6,655 $18,427 $25,082   $-2,860 $6,655 $3,795
Custom         $6655 $18427 $25082   $-2860 $6655 $3795




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1412,5002,0915441,5475441,5472,091
2411,9562,0915461,5451,0903,0924,182
3411,4102,0915481,5431,6394,6346,273
4410,8612,0915501,5412,1896,1758,364
5410,3112,0915521,5392,7417,71410,455
6409,7592,0915541,5373,2969,25012,546
7409,2042,0915561,5353,85210,78514,637
8408,6482,0915591,5324,41112,31716,728
9408,0892,0915611,5304,97113,84818,819
10407,5292,0915631,5285,53415,37620,910
11406,9662,0915651,5266,09916,90223,001
12406,4012,0915671,5246,66618,42625,092
13405,8342,0915691,5227,23519,94827,183

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Listing Agent: Dave Vazquez
Listing Office: Revive Real Estate LLC
2338 N KIMBALL AVE Chicago

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