4 Flat 3059 Palmer Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 3059 Palmer Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1913

Lot Size: K

Lot Dimensions: 37.50 X 150

Lot Description: H,N,Q

# of Units: 4

Unit 1 Floor 1: 4 bedrooms 2 baths $3000

Unit 2 Floor 2: 3 bedrooms 2 baths $3000

Unit 3 Floor G: 2 bedrooms 1 baths $1725

Unit 4 Floor G: 0 bedrooms 1 baths $900

Detailed Listing Description

Set on a 37.5 x 150-foot lot, this historic greystone offers a rich blend of well preserved, Art Nouveau style architectural details. Noted as a home of "special architectural interest" in the Logan Boulevard Historic District, this building is also listed in the National Register of Historic Places. Currently a 9-bedroom legal 2-flat with $104,040 annual gross income, it is ideal as an income property or for conversion to a grand 6,800 sqft single family home. Highlights include oak trim, cove moldings, art glass light fixtures, original carved wood mantles, and stained glass windows. The front and back gardens were professionally landscaped. Other amenities include laundry in the lower level and a detached 2-car garage. This home overlooks beautiful Palmer Square Park, a 3-acre oasis of tranquility directly across the street. A Few blocks away from Logan Square's hottest restaurants and the Humboldt Blvd 606 entrance.

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
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,E,G,X
  • Appliances Unit 2A,B,E,G,W
  • Appliances Unit 3A,B,E,X
  • Appliances Unit 4A,B,X
Schools
  • Grade SchoolDarwin Elementary School
  • Grade School District299
  • Jr High/Middle SchoolDarwin Elementary School
  • Jr High/Middle School District299
  • High SchoolClemente Community Academy Senio
  • 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 14% more than other 4 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 1% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $103,500 Monthly $8,625
Rental Income Stabilized : Annual $99,720 Monthly $8,310
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,299,0004$324,7505.23%12.550.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,625$8,310
Year Total$103,500$99,720
Expense
Total$35,623$35,623
Net Operating Income$67,877$64,097
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15717 $43520 $59237 $4937
Total         $15,717 $43,520 $59,237   $8,640 $15,717 $24,357
Stabilized         $15,717 $43,520 $59,237   $4,860 $15,717 $20,577
Custom         $15717 $43520 $59237   $4860 $15717 $20577




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1974,2504,9371,2843,6531,2843,6534,937
2972,9664,9371,2883,6492,5727,3029,874
3971,6784,9371,2933,6443,86510,94614,811
4970,3854,9371,2983,6395,16314,58519,748
5969,0874,9371,3033,6346,46618,21924,685
6967,7844,9371,3083,6297,77421,84829,622
7966,4764,9371,3133,6249,08725,47234,559
8965,1634,9371,3183,61910,40429,09239,496
9963,8464,9371,3233,61411,72732,70644,433
10962,5234,9371,3283,60913,05436,31649,370
11961,1964,9371,3333,60414,38739,92054,307
12959,8634,9371,3383,59915,72443,52059,244
13958,5264,9371,3433,59417,06747,11464,181

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Listing Agent: Jennifer Ames
Listing Office: Engel & Voelkers Chicago
1335 W. School St. Chicago

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