2 Flat 431 Lawndale Humboldt Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 431 Lawndale Humboldt Park Chicago IL Mu I

City: Chicago ZIP: 60624

Built In: 1895

Lot Size: L

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1108

Unit 2 Floor 2: 4 bedrooms 1 baths $1164

Detailed Listing Description

A RARE opportunity to own 1 or 2 neighboring gut rehabbed 2 flat buildings in the heart of HOT Humboldt Park on a quiet dead end tree lined street that backs into the Garfield Park Conservatory with other SFR rehabs on the street. The buildings feature a 4 bedroom & 3 bedroom unit each, completely rehabbed with all new mechanicals, roof, landscaping, fully fenced in yards, surveillance system & complemented with high quality finishes. 431 N Lawndale is fully rented while 427 N Lawndale is completely vacant & is move in ready. This is a TURNKEY Cashcow opportunity in a very RAPIDLY appreciating area with limited inventory. Live in one unit & rent the other 3 while paying your mortgage & collecting a large profit monthly or rent all 4 & reap the profits of this armchair investment. These buildings are blocks from public transportation, Franklin Blvd, East Garfield Park, Garfield Park Conservatory, Shopping, Restaurants & more.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 114% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 24% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $27,264 Monthly $2,272
Rental Income Stabilized : Annual $28,968 Monthly $2,414
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$279,0002$139,5003.78%10.230.87%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,272$2,414
Year Total$27,264$28,968
Expense
Total$16,724$16,724
Net Operating Income$10,540$12,244
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3376 $9348 $12724 $1061
Total         $3,376 $9,348 $12,724   $-2,184 $3,376 $1,192
Stabilized         $3,376 $9,348 $12,724   $-480 $3,376 $2,896
Custom         $3376 $9348 $12724   $-480 $3376 $2896




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1209,2501,0612767852767851,061
2208,9741,0612777845541,5682,122
3208,6961,0612787838322,3513,183
4208,4181,0612797821,1113,1334,244
5208,1391,0612807811,3923,9135,305
6207,8581,0612827791,6734,6936,366
7207,5771,0612837781,9565,4717,427
8207,2941,0612847772,2406,2488,488
9207,0101,0612857762,5247,0259,549
10206,7261,0612867752,8107,80010,610
11206,4401,0612877743,0978,57411,671
12206,1531,0612887733,3859,34712,732
13205,8651,0612897723,67410,11913,793

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Listing Agent: Cecilia Frakes-Mayberry
Listing Office: @properties
1001 N. Milwaukee Ave # 201 Chicago

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