4 Flat 2430 Palmer Chi Logan Square Chicago IL | Chicago Property Listings – X Plus Real Estate

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4 Flat 2430 Palmer Chi Logan Square Chicago IL

City: Chicago ZIP: 60647

Built In: 1918

Lot Size: L

Lot Dimensions: 25X125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $1000

Unit 3 Floor 1: 2 bedrooms 1 baths $1000

Unit 4 Floor 2: 2 bedrooms 1 baths $1150

Gross Income $53,400

Net Op. Income $41,000

Detailed Listing Description

BUCKTOWN , vintage 4 / 2 bedroom apt/brick building covers entire corner lot. Original oak trim/molding/hutches and flooring throughout. New(2 yo) steam boiler heats 3 apts/ 1 apt converted to central air and heat. Steps from Western blue line and 606 trail/access to Armitage and Fullerton I90. Full unfinished basement with storage. EXCELLENT for conversion or live in and live rent free at current low interest rates. Steps away from Bucktown and Wicker Park dining/entertainment has to offer.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3B
  • Tenant Pays Unit 4B,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4B
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 22% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 32% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $53,400 Monthly $4,450
Rental Income Stabilized : Annual $76,872 Monthly $6,406
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$893,0004$223,2502.83%16.720.72%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,450$6,406
Year Total$53,400$76,872
Expense
Total$28,123$28,123
Net Operating Income$25,277$48,749
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10805 $29918 $40723 $3394
Total         $10,805 $29,918 $40,723   $-15,446 $10,805 $-4,641
Stabilized         $10,805 $29,918 $40,723   $8,026 $10,805 $18,831
Custom         $10805 $29918 $40723   $8026 $10805 $18831




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1669,7503,3948822,5128822,5123,394
2668,8683,3948862,5081,7685,0206,788
3667,9823,3948892,5052,6577,52510,182
4667,0933,3948922,5023,55010,02613,576
5666,2003,3948962,4984,44512,52516,970
6665,3053,3948992,4955,34515,01920,364
7664,4053,3949022,4926,24717,51123,758
8663,5033,3949062,4887,15319,99927,152
9662,5973,3949092,4858,06222,48430,546
10661,6883,3949132,4818,97524,96533,940
11660,7753,3949162,4789,89127,44337,334
12659,8593,3949202,47410,81029,91840,728
13658,9403,3949232,47111,73332,38944,122

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Listing Agent: Angie Lory
Listing Office: Fulton Grace Realty
1632 N Leavitt St Chicago

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