2 Flat 3031 Clybourn North Center Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 3031 Clybourn North Center Chicago IL Mu I

City: Chicago ZIP: 60618

Built In: 1897

Lot Size: A

Lot Dimensions: 28X125

Lot Description: D

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 3 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $3450

Gross Income $41,400

Detailed Listing Description

*****TWO HUGE DUPLEXES*****fantastic Roscoe Village Location. Two 2600SF units, main level is 3BR/3BTH,1 deck, second kitchen--Upper level is a spectacular 3BR/2.5BTH with 3 decks and spacious open layout. Both units have lots of storage and extras. Gut 2009 rehab, units were enlarged. Can be modified to be a three unit. Three car parking pad--easy street parking too, no permit. AirBNB income of 125k+/year a possibility here. Upstairs currently leased as a corporate rental for one year. This is in the Lane Tech/Bell elementary area, right by highly desirable Hamlin Park! Area is a walkers paradise, everything is only a couple of minutes away, shopping, restaurants, night life,easy access to downtown. This neighborhood is right in the middle of all the other great neighborhoods as well.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • 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,I,L,U
  • Appliances Unit 2A,B,C,D,E,F,I,L,P,S,U
Schools
  • Grade SchoolJahn Elementary School
  • Grade School District299
  • Jr High/Middle SchoolAlcott Elementary School
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • 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 169% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 99% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $41,400 Monthly $3,450
Rental Income Stabilized : Annual $29,964 Monthly $2,497
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,295,0002$647,5001.62%31.280.19%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,450$2,497
Year Total$41,400$29,964
Expense
Total$20,431$20,431
Net Operating Income$20,969$9,533
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15669 $43386 $59055 $4922
Total         $15,669 $43,386 $59,055   $-38,086 $15,669 $-22,417
Stabilized         $15,669 $43,386 $59,055   $-49,522 $15,669 $-33,853
Custom         $15669 $43386 $59055   $-49522 $15669 $-33853




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1971,2504,9221,2803,6421,2803,6424,922
2969,9704,9221,2853,6372,5647,2809,844
3968,6864,9221,2893,6333,85410,91214,766
4967,3964,9221,2943,6285,14814,54019,688
5966,1024,9221,2993,6236,44718,16324,610
6964,8034,9221,3043,6187,75121,78129,532
7963,4994,9221,3093,6139,06025,39434,454
8962,1904,9221,3143,60810,37429,00239,376
9960,8764,9221,3193,60311,69332,60544,298
10959,5574,9221,3243,59813,01636,20449,220
11958,2344,9221,3293,59314,34539,79754,142
12956,9054,9221,3343,58815,67843,38659,064
13955,5724,9221,3393,58317,01746,96963,986

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Listing Agent: Alberto Gonzalez
Listing Office: Exit Strategy Realty
1341 W. Fullerton Ste #217 Chicago

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