2 Flat 2138 Shakespeare Logan Square Chicago IL M| Chicago Property Listings – X Plus Real Estate

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2 Flat 2138 Shakespeare Logan Square Chicago IL M

City: Chicago ZIP: 60647

Built In: 1892

Lot Size: A

Lot Dimensions: 24 X 86

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $VAC

Unit 2 Floor 2: 3 bedrooms 2 baths $VAC

Detailed Listing Description

Don't miss your chance to own this beautiful COMPLETELY gut rehabbed 2 Flat in the heart of Bucktown! You can keep this as a pure investment property or AIRBNB it and make a fortune! It's a potential 7 Cap with the projected rental/Airbnb projections. Please see projections in the additional documents. You can also live in one unit and let the building pay for itself with the extra rental/AIRBNB income. Each unit features brand new hardwood floors, quartz counters, white shaker cabinets, Samsung SS appliances, beautiful light fixtures, amazing bathroom finishes and so much more! Everything is low maintenance due to gut rehab. Everything is new! Top floor unit is a duplexed up 3 bed plus huge bonus area which could be another room. It has great outdoor space too! Features 2.5 highly upgraded bathrooms. First floor unit is a 2 bed/2 bath with the most incredible finishes! This 2 Flat is in the MOST INCREDIBLE location. Walking distance to both Damen and Western Blue lines, steps from H

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,G,H
  • Tenant Pays Unit 2B,C,D,G,H
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade SchoolPulaski International
  • Grade School District299
  • Jr High/Middle SchoolPulaski International
  • Jr High/Middle School District299
  • High SchoolClemente Community Academy Senio
  • 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 72% more than other 2 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 66% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $45,744 Monthly $3,812
Rental Income Stabilized : Annual $59,280 Monthly $4,940
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$889,0002$444,5002.87%19.430.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,812$4,940
Year Total$45,744$59,280
Expense
Total$20,251$20,251
Net Operating Income$25,493$39,029
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10757 $29784 $40541 $3379
Total         $10,757 $29,784 $40,541   $-15,048 $10,757 $-4,291
Stabilized         $10,757 $29,784 $40,541   $-1,512 $10,757 $9,245
Custom         $10757 $29784 $40541   $-1512 $10757 $9245




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1666,7503,3798792,5008792,5003,379
2665,8713,3798822,4971,7614,9976,758
3664,9893,3798852,4942,6467,49110,137
4664,1043,3798892,4903,5359,98113,516
5663,2153,3798922,4874,42712,46816,895
6662,3233,3798952,4845,32214,95220,274
7661,4283,3798992,4806,22017,43323,653
8660,5303,3799022,4777,12219,91027,032
9659,6283,3799052,4748,02822,38330,411
10658,7223,3799092,4708,93724,85333,790
11657,8133,3799122,4679,84927,32037,169
12656,9013,3799162,46310,76429,78440,548
13655,9863,3799192,46011,68432,24343,927

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Listing Agent: Rubina Bokhari
Listing Office: Jameson Sotheby's Int'l Realty
240 E Illinois, 1407 Chicago

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