2 Flat 3301 May Bridgeport Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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    2 Flat 3301 May Bridgeport Chicago IL Mu Investme

    City: Chicago ZIP: 60608

    Built In: 1907

    Lot Size: A

    Lot Dimensions: 24 X 125

    # of Units: 2

    Unit 1 Floor 1: 2 bedrooms 1 baths $VAC

    Unit 2 Floor 2: 3 bedrooms 2 baths $OWN

    Detailed Listing Description

    LOCATION! LOCATION! Solid brick 2 unit building in the Heart of Bridgeport neighborhood. The main duplex up unit to the finished attic features 3 large size bedrooms / 2 baths. The finished attic has a large master bedroom and bathroom with skylight window. The lower floor unit features 2 bedrooms / 1 bath perfect for in-law arrangement or rents out for extra income. 3-year-old new 2 car garage. 1-year-old new central heating system. The roof is about 8 years old. Both units are remodeled within the last 8 years. Beautiful backyard to enjoy the outdoors. Walking distance to Bridgeport Coffee, Maria's Winebar, Bridgeport Art Center, Parks, 35th bus stop, shops and many local restaurants. Close to Chinatown / Downtown and all major highways. AS-IS.

    Additional Property Details

    Garage & Parking
    • Gargage DetailsA
    • Gargage On SiteY
    • Gargage OwnershipA
    • Gargage TypeB
    • Number of Gargage Spaces2
    • ParkingG
    • Number of Parking Spaces0
    • Parking Fee/Lease Amount0
    • Tenant Pays Unit 1B,C,D
    • Tenant Pays Unit 2B,C,D
    • Appliances Unit 1A,B,C,D
    • Appliances Unit 2A,B
    • Grade School District299
    • Jr High/Middle School District299
    • High School District299

    Comparative Data

    Zip Code Comparison: 60608

    Listings in this Zip Code average: 3 to 4 units, and are priced at $367,244 to $450,309
    This listing is 12% more than other 2 unit listings in this zipcode.

    Neighborhood Comparison:
    CHI - Bridgeport

    Listings in this Neighborhood average: 3 to 4 units, with average prices of $429,200 to $428,250
    This listing is 1% more than other 2 unit listings in this neighborhood.

    Calculated Rents
    Rental Income : Annual $39,960 Monthly $3,330
    Rental Income Stabilized : Annual $37,392 Monthly $3,116
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$3,330$3,116
    Year Total$39,960$37,392
    Net Operating Income$24,262$21,694
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Mortgage $3993 $11056 $15049 $1254
    Total         $3,993 $11,056 $15,049   $9,213 $3,993 $13,206
    Stabilized         $3,993 $11,056 $15,049   $6,645 $3,993 $10,638
    Custom         $3993 $11056 $15049   $6645 $3993 $10638

    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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    Listing Agent: Gary Lucido
    Listing Office: Lucid Realty, Inc.
    1858 W Erie Chicago

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