3 Flat 2000 Armitage Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 2000 Armitage Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1898

Lot Size: A

Lot Dimensions: 33X74

# of Units: 3

Unit 1 Floor 1: 0 bedrooms 0 baths $0

Unit 2 Floor 2: 0 bedrooms 0 baths $0

Unit 3 Floor 3: 0 bedrooms 0 baths $2800

Detailed Listing Description

Unique multi-unit / commercial property with an income generating opportunity and development potential in a prime Bucktown location. Perfect high traffic area for your business. Nice investment opportunity with a number of options. This B3-2 zoned property is located on a highly visible Damen Ave and Armitage Ave, near bus stops, I90/94 expressways. Consisting of 3 total units in fair condition, currently built out as 1 dental office, 1 medical office, 1 commercial space upstairs. Spacious full unfinished basement is ideal for storage or has potential for future expansion. All brick.Building features central air/heat. So much opportunity here! Everything is walking distance - Restaurants, Nightlife, Shopping, the 606, parks and so much more! Sold "as-is"

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3I
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Grade SchoolPulaski International
  • Grade School District299
  • Jr High/Middle SchoolPulaski International
  • 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 222% more than other 3 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 188% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $33,600 Monthly $2,800
Rental Income Stabilized : Annual $33,600 Monthly $2,800
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,800$2,800
Year Total$33,600$33,600
Net Operating Income$3,273$3,273
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $24138 $66838 $90976 $7582
Total         $24,138 $66,838 $90,976   $-87,703 $24,138 $-63,565
Stabilized         $24,138 $66,838 $90,976   $-87,703 $24,138 $-63,565
Custom         $24138 $66838 $90976   $-87703 $24138 $-63565

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Akos Straub
Listing Office: Berkshire Hathaway HomeServices Chicago
1800 N. Clybourn Ave. 2nd Fl Chicago

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