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
    Utilities
    • Tenant Pays Unit 1B,C,D
    • Tenant Pays Unit 2B,C,D
    Appliances
    • Appliances Unit 1A,B,C,D
    • Appliances Unit 2A,B
    Schools
    • 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
    $329,9802$164,9907.35%8.260.94%
    Income
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$3,330$3,116
    Year Total$39,960$37,392
    Expense
    Total$15,698$15,698
    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
    Down
    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
    1247,4851,2543269283269281,254
    2247,1591,2543279276531,8552,508
    3246,8321,2543289269812,7813,762
    4246,5041,2543309241,3113,7055,016
    5246,1741,2543319231,6424,6286,270
    6245,8431,2543329221,9745,5507,524
    7245,5111,2543339212,3076,4718,778
    8245,1781,2543359192,6427,39010,032
    9244,8431,2543369182,9788,30811,286
    10244,5071,2543379173,3159,22512,540
    11244,1701,2543389163,65310,14113,794
    12243,8321,2543409143,99311,05515,048
    13243,4921,2543419134,33411,96816,302

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

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