4 Flat 3059 Palmer Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 3059 Palmer Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1913

Lot Size: K

Lot Dimensions: 37.50 X 150

Lot Description: H,N,Q

# of Units: 4

Unit 1 Floor 1: 4 bedrooms 2 baths $3000

Unit 2 Floor 2: 3 bedrooms 2 baths $2890

Unit 3 Floor G: 2 bedrooms 1 baths $1725

Unit 4 Floor G: 0 bedrooms 1 baths $925

Detailed Listing Description

Set on a 37.5 x 150-foot lot, this historic greystone offers a rich blend of well preserved, Art Nouveau style architectural details. Noted as a home of "special architectural interest" in the Logan Boulevard Historic District, this building is also listed in the National Register of Historic Places. Currently a 9-bedroom legal 2-flat with $105,480 of annual gross income, it is ideal as an income property or for conversion to a grand 6,800 sqft single family home. Highlights include oak trim, cove moldings, art glass light fixtures, original carved wood mantles, and stained glass windows. The front and back gardens were professionally landscaped. Other amenities include laundry in the lower level and a detached 2-car garage. This home overlooks beautiful Palmer Square Park, a 3-acre oasis of tranquility directly across the street. A Few blocks away from Logan Square's hottest restaurants and the Humboldt Blvd 606 entrance.

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 1J
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,E,G,X
  • Appliances Unit 2A,B,E,G,W
  • Appliances Unit 3A,B,E,X
  • Appliances Unit 4A,B,X
Schools
  • Grade SchoolDarwin Elementary School
  • Grade School District299
  • Jr High/Middle SchoolDarwin Elementary School
  • Jr High/Middle School District299
  • High SchoolClemente Community Academy Senio
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 5% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 9% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $102,480 Monthly $8,540
Rental Income Stabilized : Annual $100,020 Monthly $8,335
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,199,0004$299,7505.58%11.700.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,540$8,335
Year Total$102,480$100,020
Expense
Total$35,572$35,572
Net Operating Income$66,908$64,448
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14507 $40170 $54677 $4557
Total         $14,507 $40,170 $54,677   $12,231 $14,507 $26,738
Stabilized         $14,507 $40,170 $54,677   $9,771 $14,507 $24,278
Custom         $14507 $40170 $54677   $9771 $14507 $24278




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1899,2504,5571,1853,3721,1853,3724,557
2898,0654,5571,1893,3682,3746,7409,114
3896,8764,5571,1943,3633,56810,10313,671
4895,6824,5571,1983,3594,76613,46218,228
5894,4844,5571,2033,3545,96916,81622,785
6893,2814,5571,2073,3507,17620,16627,342
7892,0744,5571,2123,3458,38823,51131,899
8890,8624,5571,2163,3419,60426,85236,456
9889,6464,5571,2213,33610,82530,18841,013
10888,4254,5571,2253,33212,05033,52045,570
11887,2004,5571,2303,32713,28036,84750,127
12885,9704,5571,2353,32214,51540,16954,684
13884,7354,5571,2393,31815,75443,48759,241

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Listing Agent: Jennifer Ames
Listing Office: Engel & Voelkers Chicago
1335 W. School St. Chicago

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