2 Flat 4906 Spaulding Albany Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 4906 Spaulding Albany Park Chicago IL Mu I

City: Chicago ZIP: 60625

Built In: 1905

Lot Size: K

Lot Dimensions: 45 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 4 bedrooms 1 baths $0

Detailed Listing Description

Rehabbers dream. Perfect opportunity in Albany Park to remodel this 3000 sq ft 2 flat with a full basement that sits on an extra wide 45' x 125' lot. Convert it into a single family home or keep it as a multi family dwelling. Live in a great neighborhood boasting nightlife, restaurants, and shopping. 2 blocks to the Brown Line, access to parks and running paths. Nearby schools include Hibbard elementary (across the st.), Edison Regional Gifted Center (1 block away), 2 blocks to Von Stuben Metroplitan Science Center, less than a mile to Northside College Preparatory HS.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District219
  • Jr High/Middle School District219
  • High School District219

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 9% 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 24% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $15,955 Monthly $1,330
Rental Income Stabilized : Annual $19,944 Monthly $1,662
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$474,9062$237,453-0.43%29.760.35%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,330$1,662
Year Total$15,955$19,944
Expense
Total$17,995$17,995
Net Operating Income$-2,040$1,949
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5746 $15911 $21657 $1805
Total         $5,746 $15,911 $21,657   $-23,697 $5,746 $-17,951
Stabilized         $5,746 $15,911 $21,657   $-19,708 $5,746 $-13,962
Custom         $5746 $15911 $21657   $-19708 $5746 $-13962




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1356,1801,8054691,3364691,3361,805
2355,7111,8054711,3349402,6703,610
3355,2401,8054731,3321,4134,0025,415
4354,7671,8054751,3301,8885,3327,220
5354,2921,8054761,3292,3646,6619,025
6353,8161,8054781,3272,8427,98810,830
7353,3381,8054801,3253,3229,31312,635
8352,8581,8054821,3233,80410,63614,440
9352,3761,8054841,3214,28811,95716,245
10351,8921,8054851,3204,77313,27718,050
11351,4071,8054871,3185,26014,59519,855
12350,9201,8054891,3165,75015,91021,660
13350,4301,8054911,3146,24017,22523,465

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Listing Agent: Nate Iden
Listing Office: Pearson Realty Group
346 Jefferson Ave Glencoe

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