2 Flat 5526 Bishop New City Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 5526 Bishop New City Chicago IL Mu Investm

City: Chicago ZIP: 60636

Built In: 1917

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1000

Detailed Listing Description

Solid brick 2-flat recently remodeled. Updates include; New Kitchens cabinets, Granite counter tops, stainless steel appliances, remodeled baths with new vanities, plumbing fixtures, refinished hard wood floors, forced air central furnances, New hot water tanks, Newer vinyl windows throughout. Unfinished dry basement waiting for your ideas. Washer/dryer in the basement. Brick garage for 2 cars.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,Q
  • Appliances Unit 2A,B
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60636

Listings in this Zip Code average: 2 to 3 units, and are priced at $83,983 to $115,760
This listing is 210% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - New City

Listings in this Neighborhood average: 2 to 3 units, with average prices of $124,267 to $138,421
This listing is 109% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $12,000 Monthly $1,000
Rental Income Stabilized : Annual $25,200 Monthly $2,100
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,000$2,100
Year Total$12,000$25,200
Net Operating Income$-244$12,956
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $3146 $8711 $11857 $989
Total         $3,146 $8,711 $11,857   $-12,101 $3,146 $-8,955
Stabilized         $3,146 $8,711 $11,857   $1,099 $3,146 $4,245
Custom         $3146 $8711 $11857   $1099 $3146 $4245

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Roberto Almazan
Listing Office: Su Familia Real Estate Inc
4859 S Ada Chicago

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