2 Flat 3570 Shakespeare Logan Square Chicago IL M| Chicago Property Listings – X Plus Real Estate

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2 Flat 3570 Shakespeare Logan Square Chicago IL M

City: Chicago ZIP: 60647

Built In: 1901

Lot Size: A

Lot Dimensions: 25*125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $950

Detailed Listing Description

Logan Square: 2 flat with finished basement, 2 car garage and a nice front yard. Seller has made many improvements to the property and it's in very good condition. Both units have 3 legal bedrooms and all 3 floors have full bathrooms. Located blocks from the 606 Trail, public transportation, schools, nightlife, Logan Square and Palmer Square, etc. Finished basement has kitchen and bedroom. 2 new hot-water heaters and new furnace for main level and lower level. Basement has it's own entrance. Great opportunity for investors or developers on 25x125 lot.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,P,S
  • Appliances Unit 2A,B,C,D
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 23% 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 26% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $11,400 Monthly $950
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$400,0002$200,000-0.68%35.090.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$950$3,512
Year Total$11,400$42,144
Expense
Total$14,113$14,113
Net Operating Income$-2,713$28,031
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4840 $13401 $18241 $1521
Total         $4,840 $13,401 $18,241   $-20,954 $4,840 $-16,114
Stabilized         $4,840 $13,401 $18,241   $9,790 $4,840 $14,630
Custom         $4840 $13401 $18241   $9790 $4840 $14630




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1300,0001,5213961,1253961,1251,521
2299,6041,5213971,1247932,2493,042
3299,2071,5213991,1221,1923,3714,563
4298,8081,5214001,1211,5934,4916,084
5298,4071,5214021,1191,9955,6107,605
6298,0051,5214031,1182,3986,7289,126
7297,6021,5214051,1162,8037,84410,647
8297,1971,5214071,1143,2108,95812,168
9296,7901,5214081,1133,61810,07113,689
10296,3821,5214101,1114,02711,18315,210
11295,9731,5214111,1104,43912,29216,731
12295,5611,5214131,1084,85113,40118,252
13295,1491,5214141,1075,26514,50819,773

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Logan Square

Listing Agent: Nathan Wilks
Listing Office: Compass
3149 N Southport Ave #G Chicago

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