2 Flat 5416 Laflin Chi New City Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 5416 Laflin Chi New City Chicago IL Mu I

City: Chicago ZIP: 60609

Built In: 1903

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Incredible opportunity to own a stunningly fully rehabbed 2 unit building in Back of The Yards! Each unit features a very spacious living room, a formal dining room, 3 generous size bedrooms, 1 bath, and a beautiful new kitchen with stainless steel appliances and gorgeous countertops. Basement features laundry area, and a great open space which could be used as storage for extra income. Great location, close to parks, shopping areas, transportation and schools, newer porch, new electrical. This is a must see, don't hesitate and call today. Be a proud homeowner of this building, either as an investor or owner occupant. Just relax and let your tenants pay your mortgage!!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60609

Listings in this Zip Code average: 2 to 3 units, and are priced at $147,041 to $206,345
This listing is 36% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - New City

Listings in this Neighborhood average: 2 to 3 units, with average prices of $124,267 to $138,421
This listing is 61% 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 $19,440 Monthly $1,620
Rental Income Stabilized : Annual $24,300 Monthly $2,025
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$199,9002$99,9503.37%10.281.01%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,620$2,025
Year Total$19,440$24,300
Expense
Total$12,708$12,708
Net Operating Income$6,732$11,592
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2419 $6698 $9117 $760
Total         $2,419 $6,698 $9,117   $-2,385 $2,419 $34
Stabilized         $2,419 $6,698 $9,117   $2,475 $2,419 $4,894
Custom         $2419 $6698 $9117   $2475 $2419 $4894




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1149,925760198562198562760
2149,7277601995613961,1241,520
3149,5297601995615961,6842,280
4149,3297602005607962,2443,040
5149,1297602015599962,8043,800
6148,9297602025581,1983,3624,560
7148,7277602025581,4003,9205,320
8148,5257602035571,6034,4776,080
9148,3227602045561,8075,0336,840
10148,1187602055552,0125,5887,600
11147,9137602055552,2176,1438,360
12147,7087602065542,4236,6979,120
13147,5027602075532,6307,2509,880

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Listing Agent: Joe Castillo
Listing Office: RE/MAX MI CASA
1334 Monroe Ave River Forest

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