4 Flat 3508 Armitage Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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4 Flat 3508 Armitage Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1893

Lot Size: B

Lot Dimensions: 25X124.99

# of Units: 4

Unit 1 Floor 1: 0 bedrooms 1 baths $0

Unit 2 Floor 0: 2 bedrooms 0 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $0

Unit 4 Floor 4: 2 bedrooms 1 baths $0

Detailed Listing Description

LOCATION-LOCATION! GREAT INVESTOR OPPORTUNITY CERTIFIED as a 4-UNIT Dwelling- have the zoning certificate - B-3-1 The project can be rehab or tear down. Priced to sell now !! ARV 600-725K. (Comps validated) Have a survey on hand. Selling with BUILDING VIOLATIONS AND SELLING AS-IS !! more pictures in MLS # 10564734

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Appliances Unit 4O
Schools
  • Grade School District1
  • Jr High/Middle School District1
  • High School District1

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 74% more than other 4 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 77% more than other 4 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 $33,514 Monthly $2,793
Rental Income Stabilized : Annual $41,892 Monthly $3,491
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$300,0004$75,0004.45%8.951.16%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,793$3,491
Year Total$33,514$41,892
Expense
Total$20,169$20,169
Net Operating Income$13,345$21,723
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3630 $10051 $13681 $1141
Total         $3,630 $10,051 $13,681   $-336 $3,630 $3,294
Stabilized         $3,630 $10,051 $13,681   $8,042 $3,630 $11,672
Custom         $3630 $10051 $13681   $8042 $3630 $11672




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1225,0001,1412978442978441,141
2224,7031,1412988435961,6862,282
3224,4041,1412998428952,5283,423
4224,1051,1413018401,1963,3684,564
5223,8041,1413028391,4974,2085,705
6223,5031,1413038381,8005,0466,846
7223,2001,1413048372,1045,8837,987
8222,8961,1413058362,4096,7199,128
9222,5911,1413068352,7167,55310,269
10222,2841,1413078343,0238,38711,410
11221,9771,1413098323,3329,21912,551
12221,6681,1413108313,64110,05113,692
13221,3591,1413118303,95210,88114,833

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Listing Agent: Jose Allende
Listing Office: Nelly Corp Realty
4017 N Moody Ave Chicago

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