3 Flat 3422 Hamlin Avondale Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









3 Flat 3422 Hamlin Avondale Chicago IL Mu Investm

City: Chicago ZIP: 60618

Built In: 1931

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1400

Unit 2 Floor 2: 2 bedrooms 1 baths $1650

Unit 3 Floor G: 1 bedrooms 1 baths $400

Detailed Listing Description

Wonderful, well-cared for brick 3 Flat in Avondale. Incredible opportunity for investors and owner-occupied buyers as the property provides a strong cashflow, has a cap rate of 5.7%, and a healthy debt service coverage. The property features 3 units: A second floor 2 bed, 1 bath, and a heated enclosed porch/third bedroom unit, a first floor 2 bed, 1 bath unit, and a garden studio unit. The second and first floor units feature an eat in kitchen with a dishwasher, newer bathroom, hardwood floors, new stovetop, and lovely woodwork. The first floor unit has brand new hardwood floors in the living room. There is a new washer/dryer (free) shared between all units in the basement of the building along with tons of storage. The property has a large backyard that is perfect for hosting friends and a 2-car garage off the alley. Location is prime as the property is less than a 5-minute walk to the Addison Blue Line, less than a 5-minute drive to the Kennedy Expressway, Jewel Osco and Target. Clos

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
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,E,F,S,X
  • Appliances Unit 2A,B,E,F,S,X
  • Appliances Unit 3A,B,X
Schools
  • Grade SchoolReilly Elementary School
  • Grade School District299
  • Jr High/Middle SchoolSchurz High School
  • Jr High/Middle School District299
  • High SchoolSchurz High School
  • 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 18% 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 2% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $41,400 Monthly $3,450
Rental Income Stabilized : Annual $51,096 Monthly $4,258
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$484,0003$161,3334.34%11.690.88%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,450$4,258
Year Total$41,400$51,096
Expense
Total$20,417$20,417
Net Operating Income$20,983$30,679
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5857 $16216 $22073 $1840
Total         $5,857 $16,216 $22,073   $-1,090 $5,857 $4,767
Stabilized         $5,857 $16,216 $22,073   $8,606 $5,857 $14,463
Custom         $5857 $16216 $22073   $8606 $5857 $14463




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1363,0001,8404791,3614791,3611,840
2362,5211,8404811,3599592,7213,680
3362,0411,8404821,3581,4424,0785,520
4361,5581,8404841,3561,9265,4347,360
5361,0741,8404861,3542,4126,7889,200
6360,5881,8404881,3522,9008,14011,040
7360,1001,8404901,3503,3899,49112,880
8359,6111,8404911,3493,88110,83914,720
9359,1191,8404931,3474,37412,18616,560
10358,6261,8404951,3454,86913,53118,400
11358,1311,8404971,3435,36614,87420,240
12357,6341,8404991,3415,86516,21522,080
13357,1351,8405011,3396,36617,55423,920

Explore Nearby Neighborhoods

West TownNearby Neighborhoods X Plus Real Estate

West Town

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

AvondaleNearby Neighborhoods X Plus Real Estate

Avondale

Listing Agent: Jason Kotlowitz
Listing Office: Coldwell Banker Residential
2323 W Montrose Ave Apt 3E Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.