2 Flat 2018 Cullom North Center Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2018 Cullom North Center Chicago IL Mu Inv

City: Chicago ZIP: 60618

Built In: 1909

Lot Size: A

Lot Dimensions: 30X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1600

Unit 2 Floor 2: 3 bedrooms 1 baths $1650

Detailed Listing Description

Solid Brick 2-Flat on 30 foot lot in excellent North Center location. Ideal for Single Family Conversion like many other 2 flats on this lovely block. 1st floor is 2 Bedrooms and 1 bath and 2nd floor is 3 bedrooms and 1 bath. Both units currently occupied on a MTM basis. Bring your clients and/or builders who are looking for a Single Family in COONLEY School District. Walk to Welles Park, Lincoln Square, Shopping, & Transportation. Location! Location! Location! Building is fully occupied. Please see Agent Remarks.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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 2B,C
  • Appliances Unit 1A,B,E,F,I,N,S
  • Appliances Unit 2A,B,E,F,I,N,S
  • Grade SchoolCoonley Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 65% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 22% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $39,000 Monthly $3,250
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,250$3,144
Year Total$39,000$37,728
Net Operating Income$15,929$14,657
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9619 $26635 $36254 $3022
Total         $9,619 $26,635 $36,254   $-20,325 $9,619 $-10,706
Stabilized         $9,619 $26,635 $36,254   $-21,597 $9,619 $-11,978
Custom         $9619 $26635 $36254   $-21597 $9619 $-11978

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Sean Glascott
Listing Office: @properties
1334 W. Henderson Chicago

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