2 Flat 4236 Cullerton Chi North Lawndale Chicag| Chicago Property Listings – X Plus Real Estate

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2 Flat 4236 Cullerton Chi North Lawndale Chicag

City: Chicago ZIP: 60623

Built In: 1910

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Located in the North Lawndale community this large brick mutli unit offers a very unique floor plan and a great layout with tons of upside for the buyer. The first floor unit features two bedrooms while the second floor unit is duplex into the attic for 3 bedrooms, each unit has separate heat, very spacious kitchens in each unit and a 2 car garage. The building is in good shape, minimal updates are needed, close to public transportation and highway. The market is on fire, move in one unit rent the other out or rent them both out and watch your equity soar! Either way this is a win win situation!

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 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 34% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Lawndale

Listings in this Neighborhood average: 3 to 4 units, with average prices of $179,950 to $259,170
This listing is 19% 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 $1,657 Monthly $138
Rental Income Stabilized : Annual $2,071 Monthly $173
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$100,0002$50,000-10.86%60.362.07%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$138$173
Year Total$1,657$2,071
Expense
Total$12,519$12,519
Net Operating Income$-10,862$-10,448
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1210 $3351 $4561 $381
Total         $1,210 $3,351 $4,561   $-15,423 $1,210 $-14,213
Stabilized         $1,210 $3,351 $4,561   $-15,009 $1,210 $-13,799
Custom         $1210 $3351 $4561   $-15009 $1210 $-13799




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
175,000381100281100281381
274,900381100281200562762
374,8003811002813008431,143
474,7003811012804011,1231,524
574,5993811012805031,4021,905
674,4973811022796041,6822,286
774,3963811022797061,9612,667
874,2943811022798092,2393,048
974,1913811032789112,5183,429
1074,0893811032781,0152,7953,810
1173,9853811042771,1183,0734,191
1273,8823811042771,2223,3504,572
1373,7783811042771,3263,6274,953

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Listing Agent: Ryan Smith
Listing Office: Re/Max Properties
Downers Grove

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