3 Flat 2844 Ridgeway Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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3 Flat 2844 Ridgeway Avondale Chicago IL Mu Inves

City: Chicago ZIP: 60618

Built In: U

Lot Size: B

Lot Dimensions: 30X125

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1000

Unit 2 Floor 1: 2 bedrooms 1 baths $1700

Unit 3 Floor 2: 2 bedrooms 1 baths $1700

Detailed Listing Description

THIS IS EXACTLY WHAT YOU HAVE BEEN LOOKING FOR... EXCELLENT INVESTMENT OPPORTUNITY FOR A VERY WELL MAINTAINED BUILDING IN THE MOST CONVENIENT LOCATION IN AVONDALE !!! NUMBER ONE UP-AND-COMING NEIGHBORHOODS IN CHICAGO IN 2019 ACCORDING TO CHICAGO TRIBUNE...1 & 2 FLOOR HAS 1200 SQ.FT. WITH 2 BED, 1 FULL BATH, KITCHEN, LIVING, DINING, PANTRY, AND HUGE PORCH.... GARDEN UNITS IS 800 SQ.FT. WITH 2 HUGE BEDROOMS, OPEN LAYOUT KITCHEN AND FULL BATH... EACH UNIT IS UPDATED WITH EAT-IN KITCHEN QUARTZ AND GRANITE COUNTER TOPS, SS APPLIANCES, AND CERAMIC B-SPLASH.... SO MANY NEW UPDATES INCLUDING: PLUMBING, ELECTRIC, WINDOWS, FIXTURES,VENT FREE AC ON 1 & 2 FLOOR , SIDING , ETC... ORIGINAL HARDWOOD FLOORS AND BEAUTIFUL WOODWORK THROUGHOUT...WASHER AND DRYER IN THE BASEMENT... NEITHER THE REALTOR NOR THE SELLER REPRESENT THAT THE GARDEN APARTMENT IS A LEGAL UNIT.... THE BUILDING IS VACANT AND THE RENTS ARE ESTIMATED... NEWER DETACHED 2 CAR GARAGE.... PLENTY OF SPACE IN THE BACKYARD FOR SUMMER ENTE

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B,E,F,I,N,S
  • Appliances Unit 3A,B,E,F,I,S
Schools
  • 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 5% more than other 3 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 25% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $52,800 Monthly $4,400
Rental Income Stabilized : Annual $51,300 Monthly $4,275
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$619,7003$206,5675.75%11.740.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,400$4,275
Year Total$52,800$51,300
Expense
Total$17,178$17,178
Net Operating Income$35,622$34,122
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7498 $20762 $28260 $2355
Total         $7,498 $20,762 $28,260   $7,362 $7,498 $14,860
Stabilized         $7,498 $20,762 $28,260   $5,862 $7,498 $13,360
Custom         $7498 $20762 $28260   $5862 $7498 $13360




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1464,7752,3556121,7436121,7432,355
2464,1632,3556141,7411,2263,4844,710
3463,5492,3556171,7381,8435,2227,065
4462,9322,3556191,7362,4626,9589,420
5462,3132,3556211,7343,0848,69111,775
6461,6912,3556241,7313,70710,42314,130
7461,0682,3556261,7294,33312,15216,485
8460,4422,3556281,7274,96213,87818,840
9459,8132,3556311,7245,59215,60321,195
10459,1832,3556331,7226,22517,32523,550
11458,5502,3556351,7206,86119,04425,905
12457,9142,3556381,7177,49920,76128,260
13457,2762,3556401,7158,13922,47630,615

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Listing Agent: Adam Matuszek
Listing Office: American Realty & Associates
7651 N. Nora Ave. Niles

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