2 Flat 2962 Allen Avondale Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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2 Flat 2962 Allen Avondale Chicago IL Mu Investme

City: Chicago ZIP: 60618

Built In: 1896

Lot Size: L

Lot Dimensions: 25 X 114

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 2 baths $OWN

Detailed Listing Description

Avondale/Logan Square Opportunity! Owners have maintained and improved this 2 Flat for the last 18+ years! Now, they are ready to place it into the hands of a new owner. Ideal Location! Just 2 blocks to the Belmont Blue line L stop, easy access to 90/94, and just a short walk to the Logan Theater, Hopewell Brewing, Lula Cafe & other great food & beverage offerings in Logan Square! Owner's unit is a Duplex of flexible space with 4 bedrooms (one converted into a Walk-in Closet), beautiful hardwood floors, natural wood millwork, laundry room, and two full baths! New hot water tank last year. Heated by a newer (5 year old) GFA furnace and central air is easily added. The first floor unit is tenant occupied and has a large living room and eat-in sized kitchen, two bedrooms, it's own laundry room, beautiful natural millwork, and additional storage! Roof, siding and gutters were replaced 2 years ago! Two car garage w/ EEO sits on the rear of the property, and the yard and patio are ideal f

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,F,G,H
Appliances
  • Appliances Unit 1A,B,C,D,S
  • Appliances Unit 2J,N,P,S
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 12% 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 4% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $35,280 Monthly $2,940
Rental Income Stabilized : Annual $47,220 Monthly $3,935
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$425,0002$212,5004.61%12.050.93%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,940$3,935
Year Total$35,280$47,220
Expense
Total$15,678$15,678
Net Operating Income$19,602$31,542
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $220 $5,143 $5,363
Stabilized         $5,143 $14,239 $19,382   $12,160 $5,143 $17,303
Custom         $5143 $14239 $19382   $12160 $5143 $17303




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1318,7501,6164211,1954211,1951,616
2318,3291,6164221,1948432,3893,232
3317,9071,6164241,1921,2673,5814,848
4317,4831,6164251,1911,6924,7726,464
5317,0581,6164271,1892,1195,9618,080
6316,6311,6164291,1872,5487,1489,696
7316,2021,6164301,1862,9788,33411,312
8315,7721,6164321,1843,4109,51812,928
9315,3401,6164331,1833,84310,70114,544
10314,9071,6164351,1814,27911,88116,160
11314,4711,6164371,1794,71513,06117,776
12314,0351,6164381,1785,15414,23819,392
13313,5961,6164401,1765,59415,41421,008

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Listing Agent: Thomas Brandt
Listing Office: Keller Williams Rlty Partners
3752 N Kostner Ave Chicago

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