3 Flat 1857 Albany Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 1857 Albany Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1908

Lot Size: A

Lot Dimensions: 3125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $1600

Unit 3 Floor B: 2 bedrooms 2 baths $900

Detailed Listing Description

GREAT turnkey investment opportunity in Logan Square! Check out this classic remodeled 2-bedrooms 1 bath in each unit and large livingroom, also it comes with an IN-LAW ARRANGEMENT that offers 2 bedrooms and 2 bathrooms! It's is just minutes away from I90/94, schools, night life and the 606 trail. This building is fully rented and will not last long! This building is remodeled newer roof (3 yrs old), three newer furnaces (one year old). In law arrangement has 2 additional bathrooms. Large living room with dining and kitchen combo. Second apartment has in-unit washer and dryer. Hardwood floor throughout and A/C unit installed. 2 car garage is 5 yrs old. COIN LAUNDRY in basement for additional income.

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,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,C,D
  • Appliances Unit 3A
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 7% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 4% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $44,400 Monthly $3,700
Rental Income Stabilized : Annual $49,236 Monthly $4,103
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$663,0003$221,0003.30%14.930.62%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,700$4,103
Year Total$44,400$49,236
Expense
Total$22,514$22,514
Net Operating Income$21,886$26,722
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8022 $22213 $30235 $2520
Total         $8,022 $22,213 $30,235   $-8,349 $8,022 $-327
Stabilized         $8,022 $22,213 $30,235   $-3,513 $8,022 $4,509
Custom         $8022 $22213 $30235   $-3513 $8022 $4509




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1497,2502,5206551,8656551,8652,520
2496,5952,5206581,8621,3133,7275,040
3495,9372,5206601,8601,9735,5877,560
4495,2772,5206631,8572,6367,44410,080
5494,6142,5206651,8553,3019,29912,600
6493,9492,5206681,8523,96911,15115,120
7493,2812,5206701,8504,63913,00117,640
8492,6112,5206731,8475,31214,84820,160
9491,9382,5206751,8455,98716,69322,680
10491,2632,5206781,8426,66518,53525,200
11490,5852,5206801,8407,34520,37527,720
12489,9052,5206831,8378,02822,21230,240
13489,2222,5206851,8358,71324,04732,760

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Listing Agent: Jessica Barrera
Listing Office: West Town Realty, Inc.
3432 W Diversey #205 Chicago

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