3 Flat 2629 California Logan Square Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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3 Flat 2629 California Logan Square Chicago IL Mu

City: Chicago ZIP: 60647

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1825

Unit 2 Floor 1: 3 bedrooms 1 baths $1700

Unit 3 Floor G: 1 bedrooms 1 baths $1500

Detailed Listing Description

Perfect turn key investment opportunity in Logan Square, just steps from the bustling Milwaukee Avenue corridor. This legal 3 Unit consists of (2) 3 bedroom, 1 bathroom units, and (1) 1 bedroom plus den/office, 1 bathroom garden unit. All units have spacious layouts with designated living and dining areas, fully equipped kitchens with newer stainless steel appliances, and plenty of storage space. Shared laundry in the basement. Large common patio ideal for grilling or outdoor relaxing, and a new detached two car garage at the rear of the building. A short walk to the Blue Line Train at California, and easy access to the 90/94 expressway makes this a perfect Logan Square location for all renters. Current rents are below market, offering plenty of potential for new investors.

Additional Property Details

Garage & Parking
  • Gargage DetailsB
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Appliances Unit 1A,B,E,F,S
  • Appliances Unit 2A,B,E,F,S
  • Appliances Unit 3A,B
  • 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 13% more than other 3 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 1% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $60,300 Monthly $5,025
Rental Income Stabilized : Annual $62,592 Monthly $5,216
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,025$5,216
Year Total$60,300$62,592
Net Operating Income$32,129$34,421
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8470 $23452 $31922 $2661
Total         $8,470 $23,452 $31,922   $207 $8,470 $8,677
Stabilized         $8,470 $23,452 $31,922   $2,499 $8,470 $10,969
Custom         $8470 $23452 $31922   $2499 $8470 $10969

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Owen Duffy
Listing Office: Fulton Grace Realty
5833 Blackstone Ave La Grange Highlands

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