2 Flat 2906 Springfield Avondale Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2906 Springfield Avondale Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: 1910

Lot Size: A

Lot Dimensions: 25 X 128

Lot Description: X

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 0 baths $800

Unit 2 Floor 2: 0 bedrooms 0 baths $950

Detailed Listing Description

OVERSIZED LAND! Great opportunity for investors and developers, make an offer!!! Owner has plans for a 3 flat, already zoned RT-4. Location Location Location, minutes from Blue Line & 90/94. Sold as-is.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 38% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 33% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,000 Monthly $1,750
Rental Income Stabilized : Annual $21,000 Monthly $1,750
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$297,0002$148,5002.04%14.140.59%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,750$1,750
Year Total$21,000$21,000
Expense
Total$14,937$14,937
Net Operating Income$6,063$6,063
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3594 $9951 $13545 $1129
Total         $3,594 $9,951 $13,545   $-7,482 $3,594 $-3,888
Stabilized         $3,594 $9,951 $13,545   $-7,482 $3,594 $-3,888
Custom         $3594 $9951 $13545   $-7482 $3594 $-3888




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1222,7501,1292948352948351,129
2222,4561,1292958345881,6702,258
3222,1621,1292968338842,5033,387
4221,8661,1292978321,1813,3354,516
5221,5691,1292988311,4794,1665,645
6221,2711,1292998301,7794,9956,774
7220,9711,1293008292,0795,8247,903
8220,6711,1293018282,3816,6519,032
9220,3691,1293038262,6837,47810,161
10220,0671,1293048252,9878,30311,290
11219,7631,1293058243,2929,12712,419
12219,4581,1293068233,5989,95013,548
13219,1521,1293078223,90510,77214,677

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Listing Agent: Brendaly Sarmiento
Listing Office: 606 Brokers LLC
5729 N Mulligan #1 chicago

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