2 Flat 840 Washtenaw West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 840 Washtenaw West Town Chicago IL Mu Inve

City: Chicago ZIP: 60622

Built In: U

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1000

Unit 2 Floor 2: 3 bedrooms 1 baths $1000

Detailed Listing Description

This 2 flat on a standard 25 x 125 lot features two 3 bed, one bath units with long term tenants on MTM leases. Units need work. RS-3 Zoning, huge yard in back - no parking garage. Great potential to lease and hold or build.

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Additional Property Details

Garage & Parking
  • ParkingN
  • 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
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 30% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 37% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $24,000 Monthly $2,000
Rental Income Stabilized : Annual $44,376 Monthly $3,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$375,0002$187,5002.08%15.630.99%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,000$3,698
Year Total$24,000$44,376
Expense
Total$16,212$16,212
Net Operating Income$7,788$28,164
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4538 $12564 $17102 $1426
Total         $4,538 $12,564 $17,102   $-9,314 $4,538 $-4,776
Stabilized         $4,538 $12,564 $17,102   $11,062 $4,538 $15,600
Custom         $4538 $12564 $17102   $11062 $4538 $15600




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1281,2501,4263711,0553711,0551,426
2280,8791,4263731,0537442,1082,852
3280,5061,4263741,0521,1183,1604,278
4280,1321,4263761,0501,4944,2105,704
5279,7561,4263771,0491,8715,2597,130
6279,3791,4263781,0482,2496,3078,556
7279,0011,4263801,0462,6297,3539,982
8278,6211,4263811,0453,0108,39811,408
9278,2401,4263831,0433,3929,44212,834
10277,8581,4263841,0423,77610,48414,260
11277,4741,4263851,0414,16211,52415,686
12277,0881,4263871,0394,54912,56317,112
13276,7011,4263881,0384,93713,60118,538

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