2 Flat 3431 Lowell Irving Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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    2 Flat 3431 Lowell Irving Park Chicago IL Mu Inve

    City: Chicago ZIP: 60641

    Built In: 1921

    Lot Size: A

    Lot Dimensions: 25X125

    # of Units: 2

    Unit 1 Floor 1: 2 bedrooms 1 baths $1125

    Unit 2 Floor 2: 2 bedrooms 1 baths $1325

    Detailed Listing Description

    Solid brick 2 flat plus finished basement. Needs some TLC but great investment property. 1st floor 2 bedroom with additional tandem room and 1 bath. Spacious living room and dining room, hardwood floors throughout. Long time tenants willing to stay. Coin Laundry in basement.

    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
    • Tenant Pays Unit 2B
    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: 60641

    Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
    This listing is 31% more than other 2 unit listings in this zipcode.

    Neighborhood Comparison:
    CHI - Irving Park

    Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
    This listing is 14% more than other 2 unit listings in this neighborhood.


    Calculated Rents
    Rental Income : Annual $29,400 Monthly $2,450
    Rental Income Stabilized : Annual $29,712 Monthly $2,476
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    $489,0002$244,5002.78%16.630.51%
    Income
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$2,450$2,476
    Year Total$29,400$29,712
    Expense
    Total$15,821$15,821
    Net Operating Income$13,579$13,891
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Down
    Mortgage $5917 $16383 $22300 $1859
    Total         $5,917 $16,383 $22,300   $-8,721 $5,917 $-2,804
    Stabilized         $5,917 $16,383 $22,300   $-8,409 $5,917 $-2,492
    Custom         $5917 $16383 $22300   $-8409 $5917 $-2492




    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
    1366,7501,8594841,3754841,3751,859
    2366,2661,8594861,3739692,7493,718
    3365,7811,8594871,3721,4574,1205,577
    4365,2931,8594891,3701,9465,4907,436
    5364,8041,8594911,3682,4376,8589,295
    6364,3131,8594931,3662,9298,22511,154
    7363,8211,8594951,3643,4249,58913,013
    8363,3261,8594971,3623,92110,95114,872
    9362,8291,8594981,3614,41912,31216,731
    10362,3311,8595001,3594,91913,67118,590
    11361,8311,8595021,3575,42115,02820,449
    12361,3291,8595041,3555,92516,38322,308
    13360,8251,8595061,3536,43117,73624,167

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    Listing Agent: Grace Martinez
    Listing Office: Exit Strategy Realty
    7001 N Keystone Ave Lincolnwood

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