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 31% 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 45% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $26,400 Monthly $2,200
Rental Income Stabilized : Annual $31,320 Monthly $2,610
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$170,0003$56,6675.78%6.441.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,200$2,610
Year Total$26,400$31,320
Expense
Total$16,582$16,582
Net Operating Income$9,818$14,738
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2057 $5696 $7753 $647
Total         $2,057 $5,696 $7,753   $2,065 $2,057 $4,122
Stabilized         $2,057 $5,696 $7,753   $6,985 $2,057 $9,042
Custom         $2057 $5696 $7753   $6985 $2057 $9042




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1127,500647169478169478647
2127,3316471704773389561,294
3127,1626471704775091,4321,941
4126,9916471714766791,9092,588
5126,8216471714768512,3843,235
6126,6496471724751,0232,8593,882
7126,4776471734741,1963,3334,529
8126,3046471734741,3693,8075,176
9126,1316471744731,5434,2805,823
10125,9576471754721,7184,7526,470
11125,7826471754721,8935,2247,117
12125,6076471764712,0695,6957,764
13125,4316471774702,2456,1668,411

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

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