2 Flat 2247 Belden Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 2247 Belden Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1887

Lot Size: A

Lot Dimensions: 24X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 2: 3 bedrooms 2 baths $N/A

Gross Income $24,000

Detailed Listing Description

The most charming property you'll find in Bucktown this year! Flexible 2-flat - rent the 1st floor (traditionally or as AirBnb) while living in impeccable 3 BR duplex-up owners unit. Buying a condo is silly when you can live in this delightful property for the same or less! Thoughtful renovation with vintage woodwork, exposed brick, multiple built-ins, enclosed rear staircase, and 2 car garage. Owners unit has a full bath on each floor, pantry, separate dining room (could be BR), BR with murphy bed, and full-floor HUGE master suite with renovated ensuite bath, skylights, built-in storage, office or nursery, and office/sitting room. Outdoor deck for each unit! First floor 2 BR is renovated - light and bright with large contemporary kitchen, pantry, vintage details and hardwood floors. Beautifully landscaped garden with water feature, ornamental trees and putting green. Full 2 car garage and dry & clean basement! Around the corner from Holstein Park and the Memorial Park. No pictures ca

Additional Property Details

Garage & Parking
  • 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,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,P,S,T
Schools
  • Grade SchoolPulaski International
  • 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 59% 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 53% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $55,344 Monthly $4,612
Rental Income Stabilized : Annual $50,880 Monthly $4,240
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$822,0002$411,0004.26%14.850.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,612$4,240
Year Total$55,344$50,880
Expense
Total$20,296$20,296
Net Operating Income$35,048$30,584
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9946 $27540 $37486 $3124
Total         $9,946 $27,540 $37,486   $-2,438 $9,946 $7,508
Stabilized         $9,946 $27,540 $37,486   $-6,902 $9,946 $3,044
Custom         $9946 $27540 $37486   $-6902 $9946 $3044




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1616,5003,1248122,3128122,3123,124
2615,6883,1248152,3091,6274,6216,248
3614,8733,1248182,3062,4466,9269,372
4614,0543,1248212,3033,2679,22912,496
5613,2333,1248242,3004,09111,52915,620
6612,4093,1248272,2974,91913,82518,744
7611,5813,1248312,2935,74916,11921,868
8610,7513,1248342,2906,58318,40924,992
9609,9173,1248372,2877,42020,69628,116
10609,0803,1248402,2848,26022,98031,240
11608,2403,1248432,2819,10325,26134,364
12607,3973,1248462,2789,94927,53937,488
13606,5513,1248492,27510,79829,81440,612

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Listing Agent: Anne Rossley
Listing Office: Baird & Warner
310 S Michigan Ave. #1803 Chicago

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