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Price: $699,999

MLS #: 10660124

Status: Active

2 Flat 2715 MedILl Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1907

Lot Size: L

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

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Detailed Listing Description

Logan Square! Logan Square! Two flat brick with finished lower level with additional rooms & bathroom. Duplex with 1st floor unit for larger unit. Walking distance from blue line train station on Milwaukee Ave & California Ave.& CTA bus on California, Milwaukee Ave & Fullerton Ave. Also wWalking distance to restaurants, police station, school, bank & other businesses. Blocks from xway. Across from post office. Lots of new construction all around property. Building is in very good condition but seller wishes to sell as-is. Formal living room and dining on both units.2 car garage plus additional parking spot on the side. Fenced yard. Family occupied all 3 levels. Second floor front bedroom has access to balcony

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Map

Property Details

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

Utilities

Tenant Pays Unit 1J
Tenant Pays Unit 2J

Appliances

Appliances Unit 1O
Appliances Unit 2O

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

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $30,413 Monthly $2,534
Rental Income Stabilized : Annual $38,016 Monthly $3,168

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

$699,9992$350,0002.22%23.020.45%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 2 Baths 1 Floor 1Tenant Pays:J

Unit 2 :: Beds 3 Baths 1 Floor 2Tenant Pays:J

Monthly Total$2,534$3,168

Year Total$30,413$38,016

Expense

Total$14,865$14,865

Net Operating Income$15,548$23,151

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 $-16,374 $8,470 $-7,904

Stabilized $8,470 $23,452 $31,922 $-8,771 $8,470 $-301

Custom $8470 $23452 $31922 $-8771 $8470 $-301

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: Ramon Alicea
Listing Office: Golden Key Realty
3706 W Fullerton Ave Chicago

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