2 Flat 3308 Diversey Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 3308 Diversey Avondale Chicago IL Mu Inves

City: Chicago ZIP: 60647

Built In: 1897

Lot Size: K

Lot Dimensions: 32X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1650

Unit 2 Floor 2: 3 bedrooms 1 baths $1600

Detailed Listing Description

Check out this outrageously beautiful Logan Square Greystone 2-flat, perfectly situated at the doorstep of Avondale, on an extra wide 32x125 property. It's simply fantastic from top to bottom - carefully maintained by the seller, with updated kitchens and bathrooms, newer windows and updated electric. Both units have 3 bedrooms with separate boilers so that the tenants pay all utilities. The premium RT-4 zoning and high basement ceiling suggest the potential to build a 3rd unit or duplex the 1st floor unit. The building is fully rented, arguably at way under market value. There are 3 total parking spots - 2 spots are rented externally and one is included in the rent. Super exciting value at this price!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B
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 21% 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 42% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,000 Monthly $3,250
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0002$312,5003.69%16.030.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,250$3,512
Year Total$39,000$42,144
Expense
Total$15,942$15,942
Net Operating Income$23,058$26,202
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $-5,445 $7,563 $2,118
Stabilized         $7,563 $20,940 $28,503   $-2,301 $7,563 $5,262
Custom         $7563 $20940 $28503   $-2301 $7563 $5262




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Christopher Norton
Listing Office: @properties
360 .w. hubbard Unit 1212 Chicago

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