3 Flat 5145 Springfield Albany Park Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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3 Flat 5145 Springfield Albany Park Chicago IL Mu

City: Chicago ZIP: 60625

Built In: 1953

Lot Size: A

Lot Dimensions: 3720

# of Units: 3

Unit 1 Floor 0: 1+ bedrooms 1 baths $1150

Unit 2 Floor 1: 2 bedrooms 1 baths $1200

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Gross Income $2,550

Detailed Listing Description

Get out of the volatile stock market and get into this stable investment! Come check out this unbelievable opportunity to acquire a great cashflow machine or live in an income-producing property! No work needed for this legal three-flat that has seen a complete head to toe rehab in 2019. All three units feature swanky kitchens, subway tile, clean lines, stainless steel appliances, and crisp white cabinets topped with granite countertops! The garden unit features a 1 bed + den/office with luxury waterproof vinyl plank flooring, ample closet space, and plenty of sunlight. The first and second floors are both 2 bed/ 1 bath units featuring gorgeous hardwood floors and massive bedrooms with the potential to fetch $1500+/month in rent. The top floor is still available for you to move in or keep the building for a complete investment and easily rent out the top floor. Jewel-Osco- 0.2 miles away, Eugene Park- 0.1 miles away, Northeastern Illinois University- 0.5 miles away. Check it out bef

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 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,E,F,Q
  • Appliances Unit 2A,B,E,F,Q,S
  • Appliances Unit 3A,B,E,F,Q,S
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 20% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Albany Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $382,923 to $549,758
This listing is 6% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,200 Monthly $2,350
Rental Income Stabilized : Annual $48,660 Monthly $4,055
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$519,0003$173,0001.39%18.400.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,350$4,055
Year Total$28,200$48,660
Expense
Total$20,990$20,990
Net Operating Income$7,210$27,670
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6280 $17388 $23668 $1973
Total         $6,280 $17,388 $23,668   $-16,458 $6,280 $-10,178
Stabilized         $6,280 $17,388 $23,668   $4,002 $6,280 $10,282
Custom         $6280 $17388 $23668   $4002 $6280 $10282




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1389,2501,9735131,4605131,4601,973
2388,7371,9735151,4581,0292,9173,946
3388,2211,9735171,4561,5464,3735,919
4387,7041,9735191,4542,0655,8277,892
5387,1851,9735211,4522,5867,2799,865
6386,6641,9735231,4503,1098,72911,838
7386,1411,9735251,4483,63410,17713,811
8385,6161,9735271,4464,16111,62315,784
9385,0891,9735291,4444,69013,06717,757
10384,5601,9735311,4425,22114,50919,730
11384,0291,9735331,4405,75415,94921,703
12383,4961,9735351,4386,28817,38823,676
13382,9621,9735371,4366,82518,82425,649

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Listing Agent: Walker Kirkikis
Listing Office: Spaces Real Estate LLC
918 W 32nd Pl. Chicago

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