2 Flat 2864 Mclean Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2864 Mclean Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1893

Lot Size: K

Lot Dimensions: 25X150

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2297

Unit 2 Floor 2: 3 bedrooms 1 baths $2300

Gross Income $67,431

Net Op. Income $50,455

Detailed Listing Description

100% leased with excellent cash flow. Prime Logan Square Location. Legal 2flat, both 3/BR 1/BA. Non-conforming studio. Laundry in basement. Close proximity to bustling Logan Square, restaurants, shopping and CTA Blue Line.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,F,S
  • Appliances Unit 2A,B,F,S
  • 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 38% more than other 2 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 33% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $55,164 Monthly $4,597
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,597$3,512
Year Total$55,164$42,144
Net Operating Income$36,238$23,218
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8651 $23955 $32606 $2718
Total         $8,651 $23,955 $32,606   $3,632 $8,651 $12,283
Stabilized         $8,651 $23,955 $32,606   $-9,388 $8,651 $-737
Custom         $8651 $23955 $32606   $-9388 $8651 $-737

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Nicholas Apostal
Listing Office: Keller Williams Chicago-Lincoln Park
2742 N. Richmond, #1 Chicago

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