2 Flat 2843 Fletcher Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 2843 Fletcher Avondale Chicago IL Mu Inves

City: Chicago ZIP: 60618

Built In: 1895

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Rarely in Avondale will you find such a spacious multi unit with so much potential, this solid brick two unit is truly a unique opportunity in a hot market, this is a building you do not want to pass on! The building offers two units with a full basement, the building has a total of 5 bedrooms, formal dining rooms, hardwood floors throughout, wood trim throughout which gives the building tons of character! There are updates needed but this is a great long term equity play, live in one unit rent out the other or rent them both out while seeing your equity rise! The area is one of the most sought after in Chicago, close to 90, close to blue line, tons of food options within walking distance! This building has it all, do not sit on this as it will not be around for long!

Additional Property Details

Garage & Parking
  • ParkingN
  • 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: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 17% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 9% 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 $30,182 Monthly $2,515
Rental Income Stabilized : Annual $37,728 Monthly $3,144
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9002$199,9503.11%13.250.79%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,515$3,144
Year Total$30,182$37,728
Expense
Total$17,739$17,739
Net Operating Income$12,443$19,989
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4839 $13398 $18237 $1520
Total         $4,839 $13,398 $18,237   $-5,794 $4,839 $-955
Stabilized         $4,839 $13,398 $18,237   $1,752 $4,839 $6,591
Custom         $4839 $13398 $18237   $1752 $4839 $6591




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,9251,5203951,1253951,1251,520
2299,5301,5203971,1237922,2483,040
3299,1331,5203981,1221,1903,3704,560
4298,7351,5204001,1201,5904,4906,080
5298,3351,5204011,1191,9915,6097,600
6297,9341,5204031,1172,3946,7269,120
7297,5311,5204041,1162,7987,84210,640
8297,1271,5204061,1143,2048,95612,160
9296,7211,5204071,1133,61110,06913,680
10296,3141,5204091,1114,02011,18015,200
11295,9051,5204101,1104,43112,28916,720
12295,4941,5204121,1084,84213,39818,240
13295,0831,5204131,1075,25614,50419,760

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

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