3 Flat 1118 Springfield Chi Humboldt Park Chica| Chicago Property Listings – X Plus Real Estate

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3 Flat 1118 Springfield Chi Humboldt Park Chica

City: Chicago ZIP: 60651

Built In: 1910

Lot Size: A

Lot Dimensions: 3125 SF

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $850

Unit 2 Floor 2: 2 bedrooms 1 baths $850

Unit 3 Floor G: 1 bedrooms 1 baths $500

Detailed Listing Description

HOT AREA AND GREAT INVESTMENT OPPORTUNITY IN WEST HUMBOLDT PARK!!! BUY NOW AND WATCH YOUR EQUITY GROW! TOP 2 UNITS INCLUDE HARDWOOD FLOORS, LARGE LIVING ROOM, FORMAL DINING ROOM, EAT-IN KITCHEN, LARGE BEDROOMS AND ENCLOSED BACK PORCH. THIS 2 FLAT ALSO HAS A SMALL HALF- FINISHED LEGAL BASEMENT UNIT. FRONT HAS A WROUGHT IRON FENCE AND THERE IS A 2-CAR GARAGE. TENANTS PAY GAS AND ELECTRIC. THIS IS A GREAT OPPORTUNITY TO LIVE IN ONE UNIT AND RENT OUT THE OTHERS TO PRACTICALLY LIVE FOR FREE.

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 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
Schools
  • Grade SchoolCameron Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolOrr Community Academy High Schoo
  • High School District299

Comparative Data

Zip Code Comparison: 60651

Listings in this Zip Code average: 2 to 3 units, and are priced at $193,400 to $245,557
This listing is 47% more than other 3 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 58% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $2,200 Monthly $183
Rental Income Stabilized : Annual $2,610 Monthly $218
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$130,0003$43,333-10.13%59.092.01%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$183$218
Year Total$2,200$2,610
Expense
Total$15,372$15,372
Net Operating Income$-13,172$-12,762
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1573 $4356 $5929 $495
Total         $1,573 $4,356 $5,929   $-19,101 $1,573 $-17,528
Stabilized         $1,573 $4,356 $5,929   $-18,691 $1,573 $-17,118
Custom         $1573 $4356 $5929   $-18691 $1573 $-17118




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
197,500495129366129366495
297,371495130365259731990
397,2414951303653901,0951,485
497,1104951313645201,4601,980
596,9804951313646521,8232,475
696,8484951323637842,1862,970
796,7164951323639162,5493,465
896,5844951333621,0492,9113,960
996,4514951333621,1823,2734,455
1096,3184951343611,3163,6344,950
1196,1844951343611,4503,9955,445
1296,0504951353601,5854,3555,940
1395,9154951353601,7204,7156,435

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Listing Agent: Damone Richardson
Listing Office: Coldwell Banker Residential
1301 W Washington Apt. 302 Chicago

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