2 Flat 2902 Diversey Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 2902 Diversey Avondale Chicago IL Mu Inves

City: Chicago ZIP: 60647

Built In: 1903

Lot Size: L

Lot Dimensions: .07 ACRES

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $TBD

Unit 2 Floor 2: 2 bedrooms 1 baths $TBD

Detailed Listing Description

***MAJOR OPPORTUNITY, WITH RENOVATION OPTIONS AVAILABLE, COME CHECK OUT ONE OF THE MOST HIGHLY SOUGHT OUT LOCATIONS IN THE CITY OF CHICAGO!! LOCATION LOCATION LOCATION!!!!! THIS CLASSIC 2 FLAT, IS LOCATED ON ONE OF THE CITY'S MOST RECOGNIZED STREETS, DIVERSEY AVE, AND LITERALLY JUST STEPS AWAY FROM RESTAURANTS, STORES, AND EASY ACCESS TO THE EXPRESSWAY GETTING YOU TO ANY PART OF THE CITY WITHIN MINUTES. THIS SPECIAL PROPERTY HAS BEEN FAMILY OWNED FOR OVER 35 YEARS, AND IS WAITING FOR YOUR RENOVATION IDEAS TO TRULY MAKE IT SPECTACULAR. BRING YOUR BUYERS THAT HAVE AN APPETITE FOR AN EXCITING PROJECT THAT WILL NOT DISAPPOINT. WE ARE EVEN OFFERING THE OPPORTUNITY TO SIT DOWN WITH A LENDER THAT SPECIALIZES IN RENOVATION PROGRAMS, TO ASSIST IN THE PROCESS. SET UP YOUR PRIVATE SHOWING TODAY!!!! ****PROPERTY DOES HAVE A SENIOR FREEZE AND SENIOR EXEMPTION ****PROPERTY IS BEING SOLD "AS IS"********A FLOOR PLAN OF THE PROPERTY FOR USE OF RENOVATION WILL BE AVAILABLE SOON*******

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B,E
  • 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 2J
Appliances
  • Appliances Unit 1A,B,E,F,G,N,S
  • Appliances Unit 2A,B,E,F,G,N,S
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 4% more than other 2 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 13% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $31,752 Monthly $2,646
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,5002$249,7503.09%15.730.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,646$3,203
Year Total$31,752$38,436
Expense
Total$16,321$16,321
Net Operating Income$15,431$22,115
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6044 $16735 $22779 $1899
Total         $6,044 $16,735 $22,779   $-7,348 $6,044 $-1,304
Stabilized         $6,044 $16,735 $22,779   $-664 $6,044 $5,380
Custom         $6044 $16735 $22779   $-664 $6044 $5380




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,6251,8994941,4054941,4051,899
2374,1311,8994961,4039902,8083,798
3373,6351,8994981,4011,4884,2095,697
4373,1371,8995001,3991,9885,6087,596
5372,6371,8995021,3972,4897,0069,495
6372,1361,8995031,3962,9938,40111,394
7371,6321,8995051,3943,4989,79513,293
8371,1271,8995071,3924,00611,18615,192
9370,6191,8995091,3904,51512,57617,091
10370,1101,8995111,3885,02613,96418,990
11369,5991,8995131,3865,53915,35020,889
12369,0861,8995151,3846,05416,73422,788
13368,5711,8995171,3826,57118,11624,687

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Listing Agent: Sara Jaffe
Listing Office: Baird & Warner
1307 W. Wrightwood Ave #101 Chicago

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