2 Flat 2057 Bingham Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2057 Bingham Logan Square Chicago IL Mu In

City: Chicago ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 24 X 105.1

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $800

Unit 2 Floor 2: 2 bedrooms 1 baths $O

Detailed Listing Description

NEW CONSTRUCTION has overtaken block...Tear down, build new or update to keep as investment property. Newer 2 car detached garage. Legal 2-flat according to county records. Drive by or call now for showing. Armitage, Milwaukee & Western Avenues on a quiet one way street. HOT WEST-BUCKTOWN/LOGAN SQUARE AREA! WILL NOT LAST!

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
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2A
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • 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 41% more than other 2 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 43% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $24,384 Monthly $2,032
Rental Income Stabilized : Annual $38,172 Monthly $3,181
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,032$3,181
Year Total$24,384$38,172
Net Operating Income$9,701$23,489
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $3691 $10219 $13910 $1160
Total         $3,691 $10,219 $13,910   $-4,209 $3,691 $-518
Stabilized         $3,691 $10,219 $13,910   $9,579 $3,691 $13,270
Custom         $3691 $10219 $13910   $9579 $3691 $13270

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Steve Seplowin
Listing Office: American Realty Properties Inc

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