3 Flat 2816 Kedzie Avondale Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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3 Flat 2816 Kedzie Avondale Chicago IL Mu Investm

City: Chicago ZIP: 60618

Built In: U

Lot Size: L

Lot Dimensions: 25X125

Lot Description: H

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1600

Unit 2 Floor 1: 3 bedrooms 1 baths $1900

Unit 3 Floor 2: 3 bedrooms 2 baths $3000

Gross Income $80,400

Detailed Listing Description

Updated brick 3-unit building with beautiful duplex-up owners unit, generating $80,400 ANNUALLY IN INCOME! Owenrs unit has loads of light, huge kitchen with SS appliances and tons of cabinet space. 2 rental units below. 2 car garage. Full lot with back decks and yard space. Owners unit was 2 units and still has separate utilities for each floor- could convert back. Newer furnace, A/C in all units. New quartz counters in all units. 2 car garage. Just 2 block walk to Blue Line, Milwaukee Ave.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B,C,D,E,I,K,S
  • Appliances Unit 3A,B,C,D,E,F,G,I,K,N,R,S,T
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 57% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 86% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $78,000 Monthly $6,500
Rental Income Stabilized : Annual $68,364 Monthly $5,697
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,500$5,697
Year Total$78,000$68,364
Net Operating Income$54,641$45,005
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $11191 $30987 $42178 $3515
Total         $11,191 $30,987 $42,178   $12,463 $11,191 $23,654
Stabilized         $11,191 $30,987 $42,178   $2,827 $11,191 $14,018
Custom         $11191 $30987 $42178   $2827 $11191 $14018

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Ryan Casper
Listing Office: d'aprile properties
1732 W Hubbard #2A Chicago

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