3 Flat 2657 Ridgeway Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 2657 Ridgeway Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1903

Lot Size: A

Lot Dimensions: 24X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $800

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor 3: 2 bedrooms 1 baths $750

Detailed Listing Description

INCOME GENERATING 3 UNIT BUILDING IN LOGAN SQUARE! ALL UNITS OFFERING LIVING ROOM, 2 BEDROOMS, CABINET KITCHEN & FULL BATH! FULL ATTIC FINISHED WITH HALF BATH! NICE LARGE YARD LEADING TO A 2 CAR GARAGE! GREAT LOCATION, NEW HOUSES & DEVELOPMENT AROUND, CLOSE TO SHOPPING, DINING & RECREATION! ALL UNITS ARE TENANT OCCUPIED, NO LEASES - MONTH TO MONTH, SEPARATE UTILITIES! PROPERTY IS BEING SOLD "AS-IS"

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 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
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 27% more than other 3 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 35% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,800 Monthly $2,650
Rental Income Stabilized : Annual $58,128 Monthly $4,844
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$449,9993$150,0002.51%14.151.08%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,650$4,844
Year Total$31,800$58,128
Expense
Total$20,499$20,499
Net Operating Income$11,301$37,629
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5445 $15077 $20522 $1711
Total         $5,445 $15,077 $20,522   $-9,221 $5,445 $-3,776
Stabilized         $5,445 $15,077 $20,522   $17,107 $5,445 $22,552
Custom         $5445 $15077 $20522   $17107 $5445 $22552




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1337,5001,7114451,2664451,2661,711
2337,0551,7114471,2648922,5303,422
3336,6081,7114491,2621,3413,7925,133
4336,1591,7114501,2611,7925,0526,844
5335,7081,7114521,2592,2446,3118,555
6335,2561,7114541,2572,6977,56910,266
7334,8031,7114551,2563,1538,82411,977
8334,3471,7114571,2543,61010,07813,688
9333,8901,7114591,2524,06911,33015,399
10333,4311,7114611,2504,53012,58017,110
11332,9701,7114621,2494,99213,82918,821
12332,5081,7114641,2475,45615,07620,532
13332,0441,7114661,2455,92216,32122,243

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Listing Agent: Luis Ortiz
Listing Office: RE/MAX Partners
6420 Cermak Rd Berwyn

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