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Price: $648,000

MLS #: 10649761

Status: Active

2 Flat 3658 Troy Irving Park Chicago IL Mu Invest

City: Chicago ZIP: 60618

Built In: 1902

Lot Size: A

Lot Dimensions: 125X48

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Investors
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Detailed Listing Description

Remarks: Irving Park / Avondale area 2 flat sitting on 48 x 125 lot. Great condo redevelopment opportunity, or rebuild as single family homes. Surrounded by new construction. property has 2 Car garage with 3 exterior parking spaces. Owner willing to stay and work with buyers for any needed zoning change. Steps from public transportation.

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Map

Property Details

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 1A
Tenant Pays Unit 2A

Appliances

Appliances Unit 1A,B,F,I
Appliances Unit 2A,B,J

Schools

Grade School District299
Jr High/Middle School District299
High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 35% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 51% more than other 2 unit listings in this neighborhood.

Investors

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $32,189 Monthly $2,682
Rental Income Stabilized : Annual $40,236 Monthly $3,353

Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized

$648,0002$324,0002.43%20.130.52%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 3 Baths 1 Floor 1Tenant Pays:A

Unit 2 :: Beds 2 Baths 1 Floor 2Tenant Pays:A

Monthly Total$2,682$3,353

Year Total$32,189$40,236

Expense

Total$16,418$16,418

Net Operating Income$15,771$23,818

Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return

Down

Mortgage $7841 $21710 $29551 $2463

Total $7,841 $21,710 $29,551 $-13,780 $7,841 $-5,939

Stabilized $7,841 $21,710 $29,551 $-5,733 $7,841 $2,108

Custom $7841 $21710 $29551 $-5733 $7841 $2108

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	486,000	2,463	641	1,823	641	1,823	2,463
2	485,360	2,463	643	1,820	1,283	3,643	4,926
3	484,717	2,463	645	1,818	1,929	5,460	7,389
4	484,071	2,463	648	1,815	2,576	7,276	9,852
5	483,424	2,463	650	1,813	3,227	9,088	12,315
6	482,773	2,463	653	1,810	3,879	10,899	14,778
7	482,121	2,463	655	1,808	4,534	12,707	17,241
8	481,466	2,463	658	1,805	5,192	14,512	19,704
9	480,808	2,463	660	1,803	5,852	16,315	22,167
10	480,148	2,463	662	1,801	6,514	18,116	24,630
11	479,486	2,463	665	1,798	7,179	19,914	27,093
12	478,821	2,463	667	1,796	7,847	21,709	29,556
13	478,153	2,463	670	1,793	8,516	23,503	32,019

Explore Nearby Neighborhoods

North Center

Avondale

Albany Park

Listing Agent: Atur Bitivan
Listing Office: Sky High Real Estate Inc.
2943 W Birchwood Chicago

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