3 Flat 2512 Spaulding Logan Square Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 2512 Spaulding Logan Square Chicago IL Mu

City: Chicago ZIP: 60647

Built In: 1896

Lot Size: K

Lot Dimensions: 37.5X146

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1350

Unit 3 Floor 3: 3 bedrooms 1 baths $1650

Detailed Listing Description

Magnificent Logan Square 3-flat on oversized 37.5 x 146 lot with side & back yard & gardens. This historic beauty features 3 units, & all are above-grade! Unit 1: 2 BR/1 bath, Units 2 & 3: 3 BR's/1 bath. Unit 3 currently used as Airbnb. Bright & open floor plans with nicely sized bedrooms, vintage trim, & built-ins. Spacious kitchens feature pantries & room for a breakfast table. High unfinished basement is perfect for duplexing, ideal for a live-in owner. Storage & free laundry in the basement. Peaceful block just around the corner from the Boulevard. Brick paver patio in the back yard adds to warm weather enjoyment. Steps from restaurants, the el, & all that Logan Square has to offer. This lovely property will be sold As-Is.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,F
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3B
  • Appliances Unit 1A,B
  • Appliances Unit 2O
  • Appliances Unit 3A,B,E
  • 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 33% 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 19% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $36,000 Monthly $3,000
Rental Income Stabilized : Annual $55,272 Monthly $4,606
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,000$4,606
Year Total$36,000$55,272
Net Operating Income$9,460$28,732
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $9982 $27640 $37622 $3136
Total         $9,982 $27,640 $37,622   $-28,162 $9,982 $-18,180
Stabilized         $9,982 $27,640 $37,622   $-8,890 $9,982 $1,092
Custom         $9982 $27640 $37622   $-8890 $9982 $1092

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Pamela Marshek
Listing Office: Compass
2029 W. Rice #1 Chicago

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