2 Flat 1411 Cleveland Evanston IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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2 Flat 1411 Cleveland Evanston IL Mu Investment

City: Evanston ZIP: 60202

Built In: 1950

Lot Size: A

Lot Dimensions: 125 X55

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $OWN

Unit 2 Floor 1: 3 bedrooms 1 baths $2500

Gross Income $5,000

Detailed Listing Description

*ONE UNIT IS VACANT AND EASY TO SHOW* Extraordinary opportunity to own a stylish Mid Century side by side 2 flat that lives like 2 single family homes. Each 3 level unit features 3 bedrooms, 1.1 baths, large living room with bay windows, separate dining room, and full basements. One unit has an additional main floor family room with 2-way wood burning fireplace, grill and wet bar in the basement and the other unit has a 3 season sunroom and 2 wood burning fireplaces. Both units are in excellent condition with Space Pac ac and rehabbed baths. Many building improvements include newer roof and gutters, copper plumbing, upgraded electric, and interior and exterior painting. Each unit is separately metered for utilities. So many ownership options: Live in one unit and rent out the other unit, have multiple family members live side by side in their own home or rent out both units for positive cash flow. Beautiful corner lot with tons of yard space and 2 car detached garage. Convenient

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
  • Tenant Pays Unit 1B,C,D,H
  • Tenant Pays Unit 2B,C,D,H
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
  • Grade SchoolOakton Elementary School
  • Grade School District65
  • Jr High/Middle SchoolChute Middle School
  • Jr High/Middle School District65
  • High SchoolEvanston Twp High School
  • High School District202

Comparative Data

Zip Code Comparison: 60202

Listings in this Zip Code average: 2 to 3 units, and are priced at $438,370 to $550,400
This listing is 65% more than other 2 unit listings in this zipcode.

Calculated Rents
Rental Income : Annual $52,860 Monthly $4,405
Rental Income Stabilized : Annual $53,160 Monthly $4,430
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,405$4,430
Year Total$52,860$53,160
Net Operating Income$24,459$24,759
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8772 $24290 $33062 $2756
Total         $8,772 $24,290 $33,062   $-8,603 $8,772 $169
Stabilized         $8,772 $24,290 $33,062   $-8,303 $8,772 $469
Custom         $8772 $24290 $33062   $-8303 $8772 $469

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Steven Samuels
Listing Office: @properties
850 Echo Lane Glenview

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