2 Flat 4518 Drake Albany Park Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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    2 Flat 4518 Drake Albany Park Chicago IL Mu Inves

    City: Chicago ZIP: 60625

    Built In: 1908

    Lot Size: B

    Lot Dimensions: 125X30

    # of Units: 2

    Unit 1 Floor 1: 2 bedrooms 1 baths $0

    Unit 2 Floor 2: 3 bedrooms 1 baths $1500

    Previous Listing
    Map | 42 of 1400

    Detailed Listing Description

    Beautiful brick two flat recently remodeled apartments. There is a coach house on rear of the property it is scheduled for tear down will be replaced by a 24 x 24 slab.

    Additional Property Details

    Garage & Parking
    • ParkingN
    • Number of Parking Spaces0
    • Parking Fee/Lease Amount0
    • Tenant Pays Unit 1B,C,D
    • Tenant Pays Unit 2B,C,D
    • Appliances Unit 1A,B
    • Appliances Unit 2A,B
    • Grade School District299
    • Jr High/Middle School District299
    • High School District299

    Comparative Data

    Zip Code Comparison: 60625

    Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
    This listing is 7% more than other 2 unit listings in this zipcode.

    Neighborhood Comparison:
    CHI - Albany Park

    Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
    This listing is 28% more than other 2 unit listings in this neighborhood.

    Calculated Rents
    Rental Income : Annual $18,000 Monthly $1,500
    Rental Income Stabilized : Annual $35,064 Monthly $2,922
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$1,500$2,922
    Year Total$18,000$35,064
    Net Operating Income$-364$16,700
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Mortgage $5917 $16383 $22300 $1859
    Total         $5,917 $16,383 $22,300   $-22,664 $5,917 $-16,747
    Stabilized         $5,917 $16,383 $22,300   $-5,600 $5,917 $317
    Custom         $5917 $16383 $22300   $-5600 $5917 $317

    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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    Listing Agent: Emery Yost
    Listing Office: Coldwell Banker Residential
    1909 N Kedzie Chicago

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