2 Flat 1450 Talman West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 1450 Talman West Town Chicago IL Mu Invest

City: Chicago ZIP: 60622

Built In: 2003

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

You want a single family home but want an additional income? Well this beautiful two flat gives you the single family feeling on a two flat. Currently used as an Airbnb this house is a money maker!!! Walk to everything ! restaurants, festivals, Wicker Park, Logan square, the new Bloomingdale trail!! Beautiful duplex filled with light and colors! three large bedrooms with laundry unit great yard plus a large deck right off the kitchen. Stainless steel appliances, Granite counter tops, This is the closest thing to living in a family single home. Beautiful income unit on the first floor that features open layout and two nice size bedrooms. You can't find anything better in this great area ! Come check it out !

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
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,C,D,E,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,N,P,R,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 33% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 19% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $35,664 Monthly $2,972
Rental Income Stabilized : Annual $44,580 Monthly $3,715
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$709,9002$354,9502.48%19.910.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,972$3,715
Year Total$35,664$44,580
Expense
Total$18,042$18,042
Net Operating Income$17,622$26,538
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8590 $23784 $32374 $2698
Total         $8,590 $23,784 $32,374   $-14,752 $8,590 $-6,162
Stabilized         $8,590 $23,784 $32,374   $-5,836 $8,590 $2,754
Custom         $8590 $23784 $32374   $-5836 $8590 $2754




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1532,4252,6987011,9977011,9972,698
2531,7242,6987041,9941,4053,9915,396
3531,0202,6987071,9912,1125,9828,094
4530,3132,6987091,9892,8217,97110,792
5529,6042,6987121,9863,5339,95713,490
6528,8922,6987151,9834,24811,94016,188
7528,1772,6987171,9814,96513,92118,886
8527,4602,6987201,9785,68515,89921,584
9526,7402,6987231,9756,40817,87424,282
10526,0172,6987251,9737,13419,84626,980
11525,2912,6987281,9707,86221,81629,678
12524,5632,6987311,9678,59323,78332,376
13523,8322,6987341,9649,32625,74835,074

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Listing Agent: Milton Martinez
Listing Office: Kale Realty
1619 N. Albany Chicago

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