2 Flat 4138 Adams West Garfield Park Chicago IL M| Chicago Property Listings – X Plus Real Estate

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2 Flat 4138 Adams West Garfield Park Chicago IL M

City: Chicago ZIP: 60624

Built In: 1902

Lot Size: L

Lot Dimensions: 3050 SQ FT

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 5 bedrooms 1 baths $1500

Unit 2 Floor 1: 4 bedrooms 1 baths $0

Detailed Listing Description

Newly Remodeled 2 Unit Graystone Property in West Garfield Park! Both Units Have Stainless Steel Appliances, Hardwood Floors, Laundry Hook-Ups, Custom Light Fixtures and Tile Work. Unit 1 is a Duplex Down with 5 Bedrooms, 1 Bathroom and 2 Large Living Spaces. Currently Rented at $1,500/Month with 2 Month Security Deposit. Unit 2 has 4 bedrooms and 1 Bathroom. Large Living Room and Separate Dining Area. Large Balconies Off the Rear of Each Unit and Gated Parking for 2 Cars. Zoned Heating and Air. Great Potential for Owner Occupant or Investor!

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Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 96% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Garfield Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $104,270 to $150,976
This listing is 145% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $18,000 Monthly $1,500
Rental Income Stabilized : Annual $18,000 Monthly $1,500
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$255,0002$127,5001.92%14.170.59%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,500$1,500
Year Total$18,000$18,000
Expense
Total$13,112$13,112
Net Operating Income$4,888$4,888
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3086 $8544 $11630 $970
Total         $3,086 $8,544 $11,630   $-6,742 $3,086 $-3,656
Stabilized         $3,086 $8,544 $11,630   $-6,742 $3,086 $-3,656
Custom         $3086 $8544 $11630   $-6742 $3086 $-3656




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1191,250970253717253717970
2190,9979702547165071,4331,940
3190,7439702557157612,1492,910
4190,4899702567141,0172,8633,880
5190,2339702577131,2743,5764,850
6189,9769702587121,5314,2895,820
7189,7199702597111,7905,0006,790
8189,4609702607102,0495,7117,760
9189,2019702607102,3106,4208,730
10188,9409702617092,5717,1299,700
11188,6799702627082,8347,83610,670
12188,4169702637073,0978,54311,640
13188,1539702647063,3629,24812,610

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