3 Flat 2620 Homer Logan Square Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 2620 Homer Logan Square Chicago IL Mu Inve

City: Chicago ZIP: 60647

Built In: 1890

Lot Size: A

Lot Dimensions: 25'X125'

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 2: 2 bedrooms 1 baths $1150

Unit 3 Floor 3: 2 bedrooms 1 baths $1350

Gross Income $55,200

Detailed Listing Description

Fantastic Investment Opportunity!! True 3 flat, each unit 2 bed 1 bath with in-unit laundry. Great rental upside (7.30% Cap Rate at market rents). Walk to the Armitage/Western Blue Line stop, 90 Miles Cuban Cafe, Margie's - everything Logan Square and Bucktown have to offer. Well maintained building on an excellent street with lots of new construction. Schedule your showing today!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,P,S
  • Appliances Unit 2A,B,C,D,F,I,P
  • Appliances Unit 3A,B,C,D,F,I,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 9% 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 3% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $40,800 Monthly $3,400
Rental Income Stabilized : Annual $58,128 Monthly $4,844
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$674,9003$224,9672.60%16.540.72%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,400$4,844
Year Total$40,800$58,128
Expense
Total$23,285$23,285
Net Operating Income$17,515$34,843
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8166 $22611 $30777 $2565
Total         $8,166 $22,611 $30,777   $-13,262 $8,166 $-5,096
Stabilized         $8,166 $22,611 $30,777   $4,066 $8,166 $12,232
Custom         $8166 $22611 $30777   $4066 $8166 $12232




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1506,1752,5656671,8986671,8982,565
2505,5082,5656691,8961,3363,7945,130
3504,8392,5656721,8932,0085,6877,695
4504,1672,5656741,8912,6827,57810,260
5503,4932,5656771,8883,3599,46612,825
6502,8162,5656791,8864,03911,35115,390
7502,1362,5656821,8834,72113,23417,955
8501,4542,5656851,8805,40515,11520,520
9500,7702,5656871,8786,09216,99323,085
10500,0832,5656901,8756,78218,86825,650
11499,3932,5656921,8737,47420,74128,215
12498,7012,5656951,8708,16922,61130,780
13498,0062,5656971,8688,86724,47833,345

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Listing Agent: Michael Linden
Listing Office: Redfin Corporation
3930 N PINE GROVE AVE APT 2507 Chicago

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