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Price: $225,000

MLS #: 10651908

Status: Active

2 Flat 626 Atlantic Park City Waukegan Waukegan

City: Waukegan ZIP: 60085

Built In: 1928

Lot Size: A

Lot Dimensions: 50X134

Lot Description: E,O

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1275

Unit 2 Floor 2: 3 bedrooms 1 baths $1000

Investors
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Previous Listing

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Detailed Listing Description

Nice 2-flat located on Waukegan's north side. Great investment or live in one unit and rent the other. Each unit has 3 bedrooms and one bath. Both units have a remodeled kitchen with stainless steel appliances and a remolded bathroom. New roof in 2013 and new furnace in 2018. Great location and conveniently to downtown, the bus line, the Metra train station, the Lake, and parks! Great time to buy with historic low mortgage rates.

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Map

Property Details

Additional Property Details

Garage & Parking

Gargage DetailsC
Gargage On SiteY
Gargage OwnershipA
Gargage TypeA
Number of Gargage Spaces2
ParkingG
Number of Parking Spaces0
Parking Fee/Lease Amount0

Utilities

Tenant Pays Unit 1B,C,D
Tenant Pays Unit 2B,C,D

Appliances

Appliances Unit 1A,B,E
Appliances Unit 2A,B,E

Schools

Grade School District60
Jr High/Middle School District60
High School District60

Comparative Data

Zip Code Comparison: 60085

Listings in this Zip Code average: 3 to 4 units, and are priced at $75,000 to $221,000
This listing is 71% more than other 2 unit listings in this zipcode.

Investors

Calculated Rents
Rental Income : Annual $27,300 Monthly $2,275
Rental Income Stabilized : Annual $24,600 Monthly $2,050

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

$225,0002$112,5004.35%8.240.91%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 3 Baths 1 Floor 1Tenant Pays:B,C,D

Unit 2 :: Beds 3 Baths 1 Floor 2Tenant Pays:B,C,D

Monthly Total$2,275$2,050

Year Total$27,300$24,600

Expense

Total$17,515$17,515

Net Operating Income$9,785$7,085

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

Down

Mortgage $2723 $7539 $10262 $856

Total $2,723 $7,539 $10,262 $-477 $2,723 $2,246

Stabilized $2,723 $7,539 $10,262 $-3,177 $2,723 $-454

Custom $2723 $7539 $10262 $-3177 $2723 $-454

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	168,750	856	223	633	223	633	856
2	168,527	856	224	632	447	1,265	1,712
3	168,303	856	225	631	672	1,896	2,568
4	168,078	856	226	630	898	2,526	3,424
5	167,852	856	227	629	1,124	3,156	4,280
6	167,626	856	227	629	1,352	3,784	5,136
7	167,398	856	228	628	1,580	4,412	5,992
8	167,170	856	229	627	1,809	5,039	6,848
9	166,941	856	230	626	2,039	5,665	7,704
10	166,711	856	231	625	2,270	6,290	8,560
11	166,480	856	232	624	2,502	6,914	9,416
12	166,248	856	233	623	2,734	7,538	10,272
13	166,016	856	233	623	2,968	8,160	11,128

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Listing Agent: Shirley Faucett
Listing Office: Baird & Warner
VERNON HILLS

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