3 Flat 1918 Ridgeway Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 1918 Ridgeway Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1886

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $2800

Unit 2 Floor 2: 2 bedrooms 1 baths $1800

Unit 3 Floor 3: 1 bedrooms 1 baths $1500

Detailed Listing Description

Logan Square At The 606 Trail Head Professionally Renovated Legal 3 Flat Complete With All Above Grade, Condo Quality Apartments, and Bonus Finished Lower Level With Front and Rear Egress + Drain Tile and Radiant Heated Floors Perfect For Live/Work or AirB&B Arrangement. New Kitchens and Baths with Stainless Samsung Appliance Packages, 42" White Shaker Cabinets, Quartz Counters, Designer Tile & Vanities. All New Windows, New & Separate Mechanicals Including Central Heat and Air, New 400 AMP Electric Service W/ 4 Gas and Electric Meters. New Steel Center Support Posts. New Copper Plumbing Throughout And New Water Service All the Way To Street. New Roof, New Siding and New 3 Car Parking Pad. Nice Yard Space with New Sod. Amazing Access to The 2.7 Mile 606 Trail Through Logan Square and Bucktown For Running, Biking, Dog Walking and More! Logan Square YMCA Kiddy Corner With New Indoor Swimming Pool and Upgraded Fitness Equipment. Great Restaurant & Bars Along Armitage Corridor Inc

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,E,F,S
  • Appliances Unit 2A,B,S
  • Appliances Unit 3A,B,S,T
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 26% 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 12% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $73,200 Monthly $6,100
Rental Income Stabilized : Annual $72,540 Monthly $6,045
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$779,0003$259,6677.59%10.640.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,100$6,045
Year Total$73,200$72,540
Expense
Total$14,112$14,112
Net Operating Income$59,088$58,428
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9426 $26099 $35525 $2961
Total         $9,426 $26,099 $35,525   $23,563 $9,426 $32,989
Stabilized         $9,426 $26,099 $35,525   $22,903 $9,426 $32,329
Custom         $9426 $26099 $35525   $22903 $9426 $32329




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1584,2502,9617702,1917702,1912,961
2583,4802,9617732,1881,5434,3795,922
3582,7072,9617762,1852,3196,5648,883
4581,9312,9617792,1823,0988,74611,844
5581,1522,9617822,1793,87910,92614,805
6580,3712,9617852,1764,66413,10217,766
7579,5862,9617882,1735,45115,27620,727
8578,7992,9617912,1706,24217,44623,688
9578,0082,9617932,1687,03519,61426,649
10577,2152,9617962,1657,83221,77829,610
11576,4182,9617992,1628,63123,94032,571
12575,6192,9618022,1599,43426,09835,532
13574,8162,9618052,15610,23928,25438,493

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Listing Agent: John Huebner
Listing Office: @properties
806 N. Peoria Street Chicago

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