2 Flat 1933 Race West Town Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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    2 Flat 1933 Race West Town Chicago IL Mu Investme

    City: Chicago ZIP: 60622

    Built In: 1887

    Lot Size: A

    Lot Dimensions: 2,280 SQFT

    # of Units: 2

    Unit 1 Floor 1: 2 bedrooms 1 baths $0

    Unit 2 Floor 2: 3 bedrooms 1 baths $0

    Detailed Listing Description

    Legal two unit building plus a couch house. This could be a great investment. Live in one unit and rent the rest to pay the mortgage . Close to public transportation, stores, downtown, and more to offer.

    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
    • Appliances Unit 2O
    Schools
    • Grade School District299
    • Jr High/Middle School District299
    • High School District299

    Comparative Data

    Zip Code Comparison: 60622

    Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
    This listing is 5% more than other 2 unit listings in this zipcode.

    Neighborhood Comparison:
    CHI - West Town

    Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
    This listing is 15% 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 $35,664 Monthly $2,972
    Rental Income Stabilized : Annual $44,580 Monthly $3,715
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    $510,0002$255,0004.52%14.300.73%
    Income
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$2,972$3,715
    Year Total$35,664$44,580
    Expense
    Total$12,615$12,615
    Net Operating Income$23,049$31,965
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Down
    Mortgage $6171 $17087 $23258 $1939
    Total         $6,171 $17,087 $23,258   $-209 $6,171 $5,962
    Stabilized         $6,171 $17,087 $23,258   $8,707 $6,171 $14,878
    Custom         $6171 $17087 $23258   $8707 $6171 $14878




    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
    1382,5001,9395051,4345051,4341,939
    2381,9951,9395071,4321,0112,8673,878
    3381,4891,9395081,4311,5204,2975,817
    4380,9801,9395101,4292,0305,7267,756
    5380,4701,9395121,4272,5427,1539,695
    6379,9581,9395141,4253,0568,57811,634
    7379,4441,9395161,4233,57210,00113,573
    8378,9281,9395181,4214,09011,42215,512
    9378,4101,9395201,4194,61012,84117,451
    10377,8901,9395221,4175,13214,25819,390
    11377,3681,9395241,4155,65615,67321,329
    12376,8441,9395261,4136,18217,08623,268
    13376,3181,9395281,4116,71018,49725,207

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    Listing Agent: Emmanuel Nevarez
    Listing Office: Extreme Realty LLC
    4143 Joliet Ave. Lyons

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