2 Flat 2229 Huron West Town Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 2229 Huron West Town Chicago IL Mu Investm

City: Chicago ZIP: 60612

Built In: 1887

Lot Size: L

Lot Dimensions: 24X124

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1450

Unit 2 Floor 2: 2 bedrooms 1 baths $1500

Gross Income $34,200

Detailed Listing Description

Opportunity to build new in hot Ukrainian Village. Attention DEVELOPERS newly re-zoned to RT4, eligible for new construction up to 4,300sq ft as a single family home or multiple units to maximize investment. Newly updated first floor apartment, with washer/dryer, new water heater and appliances, exposed duct-work throughout with central air. Second floor in need of some tlc, 2 car garage with party door, backyard oasis. Close to public transportation, great schools, restaurants and grocery stores. The legal work has been done bring your creativity and know how.

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,C,D,E,I,P,S
  • Appliances Unit 2A,B,E,I
Schools
  • Grade SchoolMitchell Elementary School
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60612

Listings in this Zip Code average: 2 to 3 units, and are priced at $326,800 to $381,361
This listing is 65% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 10% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $35,400 Monthly $2,950
Rental Income Stabilized : Annual $30,960 Monthly $2,580
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$539,0002$269,5002.94%15.230.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,950$2,580
Year Total$35,400$30,960
Expense
Total$19,563$19,563
Net Operating Income$15,837$11,397
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6522 $18058 $24580 $2049
Total         $6,522 $18,058 $24,580   $-8,743 $6,522 $-2,221
Stabilized         $6,522 $18,058 $24,580   $-13,183 $6,522 $-6,661
Custom         $6522 $18058 $24580   $-13183 $6522 $-6661




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1404,2502,0495331,5165331,5162,049
2403,7172,0495351,5141,0683,0304,098
3403,1822,0495371,5121,6054,5426,147
4402,6452,0495391,5102,1446,0528,196
5402,1062,0495411,5082,6857,56010,245
6401,5652,0495431,5063,2299,06512,294
7401,0212,0495451,5043,77410,56914,343
8400,4762,0495471,5024,32112,07116,392
9399,9292,0495491,5004,87013,57118,441
10399,3802,0495511,4985,42115,06920,490
11398,8292,0495531,4965,97516,56422,539
12398,2752,0495551,4946,53018,05824,588
13397,7202,0495581,4917,08819,54926,637

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Listing Agent: Mark Manz
Listing Office: Keller Williams Chicago-Lakeview
3539 N. Damen Ave. Chicago

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