2 Flat 2641 Altgeld Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2641 Altgeld Logan Square Chicago IL Mu In

City: Chicago ZIP: 60647

Built In: 1900

Lot Size: K

Lot Dimensions: 31X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Detailed Listing Description

Spectacular Logan Square location. This oversized greystone has been in the same family for 40+ years. Well maintained and ready for a few updates. Large 3 bed units with tons of vintage charm. high unfinished basement for storage or duplex unit 1. Great opportunity to own a solid building in Logan square. these 3 bedroom units will capture top rental rates with a few updates. This property is land locked - no alley. NO parking, no garage (ever)

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 11% 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $33,204 Monthly $2,767
Rental Income Stabilized : Annual $38,016 Monthly $3,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$459,0002$229,5003.80%13.820.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,767$3,168
Year Total$33,204$38,016
Expense
Total$15,758$15,758
Net Operating Income$17,446$22,258
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5554 $15378 $20932 $1745
Total         $5,554 $15,378 $20,932   $-3,486 $5,554 $2,068
Stabilized         $5,554 $15,378 $20,932   $1,326 $5,554 $6,880
Custom         $5554 $15378 $20932   $1326 $5554 $6880




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1344,2501,7454541,2914541,2911,745
2343,7961,7454561,2899102,5803,490
3343,3401,7454571,2881,3673,8685,235
4342,8831,7454591,2861,8265,1546,980
5342,4241,7454611,2842,2876,4388,725
6341,9631,7454631,2822,7507,72010,470
7341,5001,7454641,2813,2149,00112,215
8341,0361,7454661,2793,68110,27913,960
9340,5691,7454681,2774,14811,55715,705
10340,1021,7454701,2754,61812,83217,450
11339,6321,7454711,2745,08914,10619,195
12339,1611,7454731,2725,56315,37720,940
13338,6871,7454751,2706,03716,64822,685

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Listing Agent: Matthew Liss
Listing Office: Mark Allen Realty, LLC
2015 W. Fullerton Chicago

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