4 Flat 2968 Ridgeway Avondale Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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4 Flat 2968 Ridgeway Avondale Chicago IL Mu Inves

City: Chicago ZIP: 60618

Built In: 1906

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 1: 2 bedrooms 1 baths $1475

Unit 3 Floor 2: 2 bedrooms 1 baths $1425

Unit 4 Floor 2: 2 bedrooms 1 baths $1570

Detailed Listing Description

Completely renovated 4flat in hot Avondale. All units consist of 2BD/1BTH with updated kitchens and bathrooms. New 42'' cabinets, granite countertop and stainless steel appliances. Central AC. New furnaces, hot water tanks, windows, and electrical panels. Coin laundry in basement for extra income. One car garage and parking pad. Fantastic location, short walk to Belmont Blue Line, Milwaukee corridor with tons of restaurants, bars, groceries, shopping and more.

Contact Listing Agent

Weston Harding

Weston Harding

Team Founder

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I
  • Appliances Unit 2A,B,E,F,I
  • Appliances Unit 3A,B,E,F,I
  • Appliances Unit 4A,B,E,F,I
Schools
  • 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 10% more than other 4 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 35% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $64,440 Monthly $5,370
Rental Income Stabilized : Annual $70,392 Monthly $5,866
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$899,9004$224,9754.65%13.960.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,370$5,866
Year Total$64,440$70,392
Expense
Total$22,636$22,636
Net Operating Income$41,804$47,756
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10889 $30149 $41038 $3420
Total         $10,889 $30,149 $41,038   $766 $10,889 $11,655
Stabilized         $10,889 $30,149 $41,038   $6,718 $10,889 $17,607
Custom         $10889 $30149 $41038   $6718 $10889 $17607




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,9253,4208892,5318892,5313,420
2674,0363,4208922,5281,7815,0596,840
3673,1443,4208962,5242,6777,58310,260
4672,2483,4208992,5213,57610,10413,680
5671,3493,4209022,5184,47912,62117,100
6670,4463,4209062,5145,38415,13620,520
7669,5413,4209092,5116,29417,64623,940
8668,6313,4209132,5077,20620,15427,360
9667,7193,4209162,5048,12222,65830,780
10666,8033,4209192,5019,04225,15834,200
11665,8833,4209232,4979,96527,65537,620
12664,9603,4209262,49410,89130,14941,040
13664,0343,4209302,49011,82132,63944,460

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