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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,E,F,I,L,U
  • Appliances Unit 2A,B,C,D,E,F,I,L,P,S,U
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,450$2,497
Year Total$41,400$29,964
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
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

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

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