2 Flat 2635 Richmond Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 2635 Richmond Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1903

Lot Size: L

Lot Dimensions: 25X127

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Gross Income $50,340

Previous Listing
Map | 21 of 269

Detailed Listing Description

HEART OF LOGAN SQUARE! VOTED ONE OF THE NATIONS COOLEST NEIGHBORHOODS AND ONE OF THE HOTTEST RETAIL MARKETS! Recently REHABBED two unit unoccupied building ready for you to move in. PERFECT for investor or live in owner. First floor boasts two spacious bedrooms and an updated bathroom. Second level fits three bedrooms and one bathroom. Both units feature timeless white kitchen cabinetry, new appliances, and recently installed windows pouring in tons of natural light. Gleaming hardwood floors carry you up the stairs and lead you throughout both units. You'll settle right into the neighborhood being just steps for all Logan has to offer: Logan Square Farmer's Market & Blue Line stop, Lula's Cafe, East Room, The Whistler & Estereo. Why rent when you can own and have tenants help cover the cost of your mortgage.

Additional Property Details

Garage & Parking
  • 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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E
Schools
  • 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 35% 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 30% 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 $30,413 Monthly $2,534
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0002$349,5001.60%22.980.45%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,534$3,168
Year Total$30,413$38,016
Expense
Total$19,237$19,237
Net Operating Income$11,176$18,779
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-20,701 $8,458 $-12,243
Stabilized         $8,458 $23,419 $31,877   $-13,098 $8,458 $-4,640
Custom         $8458 $23419 $31877   $-13098 $8458 $-4640




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Melanie Giglio
Listing Office: Compass
1844 W Erie St Chicago

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