2 Flat 1022 Richards Joliet IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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2 Flat 1022 Richards Joliet IL Mu Investment

City: Joliet ZIP: 60433

Built In: 1900

Lot Size: A

Lot Dimensions: 9005

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 2 bedrooms 1 baths $N/A

Detailed Listing Description

Take a look at this newly rehabbed 2 unit property in Joliet! Large corner lot, with 3 bedrooms on the 1st floor and 2 bedrooms on the 2nd. Large Driveway with room for 4+ cars. Everything on the inside is new, including furnace & water heaters. Nothing to do but move in and enjoy!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District86
  • Jr High/Middle School District86
  • High School District86

Comparative Data

Zip Code Comparison: 60433

Listings in this Zip Code average: 2 to 3 units, and are priced at $93,008 to $0
This listing is 99% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $9,000 Monthly $750
Rental Income Stabilized : Annual $9,600 Monthly $800
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$185,0002$92,500-1.84%20.560.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$750$800
Year Total$9,000$9,600
Expense
Total$12,400$12,400
Net Operating Income$-3,400$-2,800
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2239 $6198 $8437 $704
Total         $2,239 $6,198 $8,437   $-11,837 $2,239 $-9,598
Stabilized         $2,239 $6,198 $8,437   $-11,237 $2,239 $-8,998
Custom         $2239 $6198 $8437   $-11237 $2239 $-8998




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1138,750704184520184520704
2138,5667041845203681,0401,408
3138,3827041855195531,5592,112
4138,1977041865187392,0772,816
5138,0117041865189252,5953,520
6137,8257041875171,1133,1114,224
7137,6377041885161,3003,6284,928
8137,4507041895151,4894,1435,632
9137,2617041895151,6784,6586,336
10137,0727041905141,8685,1727,040
11136,8827041915132,0595,6857,744
12136,6917041915132,2506,1988,448
13136,5007041925122,4426,7109,152

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Listing Agent: Robert Bailey
Listing Office: ARNI Realty Incorporated
1326 Maple ave Berwyn

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