634 Homan | Chicago Property Listings – X Plus Real Estate

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634 Homan

City: Chicago ZIP: 60624

Built In: 1895

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1233

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor C: 3 bedrooms 2 baths $0

Detailed Listing Description

Stunning three unit investment opportunity in Humboldt Park. Main building is a 2 flat that features a 2BD/1BA and a 3BD/1BA, which is separated from a newly renovated 3BD/2BA coach house by a cedar deck. Open floor plans with separate living and dining rooms, updated kitchens with stainless steel appliances and granite counter tops, and refinished original maple floors. Beautifully rehabbed bathrooms showcase marble tiling and jacuzzi tubs. Unfinished basement in the main building offers the opportunity for a fourth unit, or to duplex the first floor unit. Ideal owner occupant or armchair investment with a projected 9 cap rate once fully rented.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E,G,J,S
  • Appliances Unit 2A,B,E,G,J,S
  • Appliances Unit 3P,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 168% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 60% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $14,796 Monthly $1,233
Rental Income Stabilized : Annual $25,140 Monthly $2,095
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$493,0003$164,333-0.35%33.320.42%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,233$2,095
Year Total$14,796$25,140
Expense
Total$16,521$16,521
Net Operating Income$-1,725$8,619
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5965 $16517 $22482 $1874
Total         $5,965 $16,517 $22,482   $-24,207 $5,965 $-18,242
Stabilized         $5,965 $16,517 $22,482   $-13,863 $5,965 $-7,898
Custom         $5965 $16517 $22482   $-13863 $5965 $-7898




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1369,7501,8744871,3874871,3871,874
2369,2631,8744891,3859772,7713,748
3368,7731,8744911,3831,4684,1545,622
4368,2821,8744931,3811,9615,5357,496
5367,7891,8744951,3792,4566,9149,370
6367,2941,8744971,3772,9528,29211,244
7366,7981,8744991,3753,4519,66713,118
8366,2991,8745001,3743,95111,04114,992
9365,7991,8745021,3724,45312,41316,866
10365,2971,8745041,3704,95713,78318,740
11364,7931,8745061,3685,46315,15120,614
12364,2871,8745081,3665,97116,51722,488
13363,7791,8745101,3646,48117,88124,362

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Listing Agent: Joseph Kotoch
Listing Office: Compass
2218 Walton St Unit # 2 Chicago

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