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Price: $700,000

MLS #: 10654971

Status: Active

2 Flat 2104 Richmond Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1915

Lot Size: A

Lot Dimensions: 38X77

Lot Description: H

# of Units: 2

Unit 1 Floor M: 2 bedrooms 1 baths $1450

Unit 2 Floor 2: 3 bedrooms 1 baths $1500

Gross Income $35,160

Investors
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Previous Listing

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Detailed Listing Description

The wait is over! Logan Square here you go! Tremendous amounts of upgrades including: All exterior brick tuckpointed, newer roof, gas forced air heat and central air conditioning for EACH FLOOR, separate electric for EACH FLOOR, separate water adjustments for washer for EACH FLOOR located in the basement. Extra storage in the basement. Very spacious and inviting on each floor. Close to shopping and the Blue line. Owners pride and it shows.

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Map

Property Details

Additional Property Details

Garage & Parking

ParkingS
Number of Parking Spaces2
Parking on SiteN
Parking OwnershipN
Parking Fee/Lease Amount0

Utilities

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

Appliances

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

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 35% more than other 2 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 30% more than other 2 unit listings in this neighborhood.

Investors

Calculated Rents
Rental Income : Annual $35,400 Monthly $2,950
Rental Income Stabilized : Annual $37,056 Monthly $3,088

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

$700,0002$350,0002.20%19.770.44%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

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

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

Monthly Total$2,950$3,088

Year Total$35,400$37,056

Expense

Total$20,020$20,020

Net Operating Income$15,380$17,036

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

Down

Mortgage $8470 $23452 $31922 $2661

Total $8,470 $23,452 $31,922 $-16,542 $8,470 $-8,072

Stabilized $8,470 $23,452 $31,922 $-14,886 $8,470 $-6,416

Custom $8470 $23452 $31922 $-14886 $8470 $-6416

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	525,000	2,661	692	1,969	692	1,969	2,661
2	524,308	2,661	695	1,966	1,387	3,935	5,322
3	523,613	2,661	697	1,964	2,085	5,898	7,983
4	522,915	2,661	700	1,961	2,785	7,859	10,644
5	522,215	2,661	703	1,958	3,487	9,818	13,305
6	521,513	2,661	705	1,956	4,193	11,773	15,966
7	520,807	2,661	708	1,953	4,901	13,726	18,627
8	520,099	2,661	711	1,950	5,611	15,677	21,288
9	519,389	2,661	713	1,948	6,325	17,624	23,949
10	518,675	2,661	716	1,945	7,040	19,570	26,610
11	517,960	2,661	719	1,942	7,759	21,512	29,271
12	517,241	2,661	721	1,940	8,480	23,452	31,932
13	516,520	2,661	724	1,937	9,205	25,388	34,593

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Listing Agent: Mark Berberick
Listing Office: RE/MAX Suburban
318 W SOUTH ST ARLINGTON HTS

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