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

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USING CLOUD

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: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1500

Detailed Listing Description

Beautiful brick two flat recently remodeled apartments. There is a coach house on rear of the property being sold as is.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
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: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 5% 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 30% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $18,000 Monthly $1,500
Rental Income Stabilized : Annual $38,412 Monthly $3,201
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,0002$249,5000.10%27.720.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,500$3,201
Year Total$18,000$38,412
Expense
Total$17,517$17,517
Net Operating Income$483$20,895
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6038 $16718 $22756 $1897
Total         $6,038 $16,718 $22,756   $-22,273 $6,038 $-16,235
Stabilized         $6,038 $16,718 $22,756   $-1,861 $6,038 $4,177
Custom         $6038 $16718 $22756   $-1861 $6038 $4177




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,2501,8974941,4034941,4031,897
2373,7561,8974951,4029892,8053,794
3373,2611,8974971,4001,4864,2055,691
4372,7641,8974991,3981,9855,6037,588
5372,2651,8975011,3962,4866,9999,485
6371,7641,8975031,3942,9898,39311,382
7371,2611,8975051,3923,4949,78513,279
8370,7561,8975071,3904,00111,17515,176
9370,2491,8975091,3884,50912,56417,073
10369,7411,8975101,3875,02013,95018,970
11369,2301,8975121,3855,53215,33520,867
12368,7181,8975141,3836,04616,71822,764
13368,2041,8975161,3816,56318,09824,661

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

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