2 Flat 4710 Kewanee Albany Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 4710 Kewanee Albany Park Chicago IL Mu Inv

City: Chicago ZIP: 60630

Built In: 1904

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $1500

Detailed Listing Description

Two duplex units rehabbed just over 4 years ago. The first floor unit is a duplex down with 3 bedrooms, 2 full bathrooms, living room and family room, lower level has brand new tile floor. Second floor is a duplex up, also with 3 bedrooms and 2 bathrooms with hardwood floors throughout. Entire top floor is a master suite with a full bathroom and den area. Beautiful finishes throughout with modern kitchens and bathrooms, each unit also has their own separate laundry. Two car garage with a deck and back yard space. Each unit pays for their own gas and electric. Lower than market rate rent due to family occupying the entire building. Perfect place for owner occupancy with additional rental income to supplement your mortgage. Seller will provide $3000 credit towards painting.

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Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,E,F,I,K,N,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,K,N,P,R,S,T,U
Schools
  • Grade SchoolPalmer Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolRoosevelt High School
  • High School District299

Comparative Data

Zip Code Comparison: 60630

Listings in this Zip Code average: 2 to 3 units, and are priced at $387,305 to $445,558
This listing is 28% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 29% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $18,000 Monthly $1,500
Rental Income Stabilized : Annual $47,400 Monthly $3,950
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$495,0002$247,5000.39%27.500.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,500$3,950
Year Total$18,000$47,400
Expense
Total$16,094$16,094
Net Operating Income$1,906$31,306
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5990 $16584 $22574 $1882
Total         $5,990 $16,584 $22,574   $-20,668 $5,990 $-14,678
Stabilized         $5,990 $16,584 $22,574   $8,732 $5,990 $14,722
Custom         $5990 $16584 $22574   $8732 $5990 $14722




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1371,2501,8824901,3924901,3921,882
2370,7601,8824921,3909812,7833,764
3370,2691,8824931,3891,4754,1715,646
4369,7751,8824951,3871,9705,5587,528
5369,2801,8824971,3852,4676,9439,410
6368,7831,8824991,3832,9678,32511,292
7368,2831,8825011,3813,4689,70613,174
8367,7821,8825031,3793,97011,08615,056
9367,2801,8825051,3774,47512,46316,938
10366,7751,8825071,3754,98213,83818,820
11366,2681,8825081,3745,49015,21220,702
12365,7601,8825101,3726,00116,58322,584
13365,2491,8825121,3706,51317,95324,466

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