2 Flat 2859 Central Park Chi Avondale Chicago I| Chicago Property Listings – X Plus Real Estate

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2 Flat 2859 Central Park Chi Avondale Chicago I

City: Chicago ZIP: 60618

Built In: 1911

Lot Size: A

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Solid Brick Certified 2 Unit in hot Avondale/Logan Square area plus full english finished basement with separate entrances, kitchen, bath and 3 bdr. Apartments on 1st and 2nd floor have 2 bdr and 1 bth. New roof (2019) and windows installed 3 years ago. 2.5 car garage for extra income. Easy walk to Blue Line and bus around the corner. This is excellent investment in great location.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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
Appliances
  • Appliances Unit 1A,B,J,S
  • Appliances Unit 2A,B,J,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 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 14% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $28,157 Monthly $2,346
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$505,0002$252,5002.71%17.940.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,346$2,933
Year Total$28,157$35,196
Expense
Total$14,464$14,464
Net Operating Income$13,693$20,732
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6111 $16919 $23030 $1920
Total         $6,111 $16,919 $23,030   $-9,337 $6,111 $-3,226
Stabilized         $6,111 $16,919 $23,030   $-2,298 $6,111 $3,813
Custom         $6111 $16919 $23030   $-2298 $6111 $3813




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1378,7501,9205001,4205001,4201,920
2378,2501,9205021,4181,0012,8393,840
3377,7491,9205031,4171,5054,2555,760
4377,2451,9205051,4152,0105,6707,680
5376,7401,9205071,4132,5177,0839,600
6376,2331,9205091,4113,0268,49411,520
7375,7241,9205111,4093,5379,90313,440
8375,2131,9205131,4074,05011,31015,360
9374,7001,9205151,4054,56512,71517,280
10374,1851,9205171,4035,08214,11819,200
11373,6681,9205191,4015,60115,51921,120
12373,1491,9205211,3996,12116,91923,040
13372,6291,9205231,3976,64418,31624,960

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Listing Agent: Mitchell Kulpinski
Listing Office: Chicagoland Brokers, Inc.
5122 N. Odell Ave. Harwood Hts.

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