2 Flat 626 Atlantic Park City Waukegan Waukegan| Chicago Property Listings – X Plus Real Estate

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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

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.

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E
  • 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.

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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,275$2,050
Year Total$27,300$24,600
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
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

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Shirley Faucett
Listing Office: Baird & Warner

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