2 Flat 545 Park Harmony Marengo Marengo IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 545 Park Harmony Marengo Marengo IL Mu I

City: Marengo ZIP: 60152

Built In: U

Lot Size: A

Lot Dimensions: 10,425 SQ FT

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 1: 2 bedrooms 1 baths $700

Detailed Listing Description

**PRICED FOR QUICK SALE ** Here is the opportunity you have been waiting for! Both identical units have 2 bedroom, 1 bath, kitchen w/ eating area and large living room. Separate front entrances lead into the living area and back entrance has driveway that leads into separate unit entrance off kitchen. Go down the steps to large basements for each unit. Vacant unit has beautiful new vinyl floors, freshly painted throughout. Newer kitchen counters and cabinets. Occupied unit has been updated and is currently renting month to month. * Note, photos shown are from vacant unit. Come see it today before it's gone!!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,G,H
  • Tenant Pays Unit 2B,C,D,G,H
Appliances
  • Appliances Unit 1A,C,D,F,P
  • Appliances Unit 2A,B,F,J,P
Schools
  • Grade SchoolLocust Elementary School
  • Grade School District165
  • Jr High/Middle School District165
  • High SchoolMarengo High School
  • High School District154

Comparative Data

Zip Code Comparison: 60152

Listings in this Zip Code average: 6 to 7 units,


Calculated Rents
Rental Income : Annual $18,000 Monthly $1,500
Rental Income Stabilized : Annual $8,400 Monthly $700
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$129,9002$64,9504.70%7.220.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,500$700
Year Total$18,000$8,400
Expense
Total$11,898$11,898
Net Operating Income$6,102$-3,498
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1572 $4352 $5924 $494
Total         $1,572 $4,352 $5,924   $178 $1,572 $1,750
Stabilized         $1,572 $4,352 $5,924   $-9,422 $1,572 $-7,850
Custom         $1572 $4352 $5924   $-9422 $1572 $-7850




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
197,425494129365129365494
297,296494129365258730988
397,1674941303643871,0951,482
497,0384941303645181,4581,976
596,9074941313636481,8222,470
696,7774941313637792,1852,964
796,6464941323629112,5473,458
896,5144941323621,0432,9093,952
996,3824941333611,1753,2714,446
1096,2504941333611,3083,6324,940
1196,1174941343601,4423,9925,434
1295,9834941343601,5764,3525,928
1395,8494941353591,7114,7116,422

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Listing Agent: Mimi Geiger
Listing Office: Berkshire Hathaway HomeServices Starck Real Estate
12878 Timber Creek Drive Huntley

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