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

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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
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
  • Tenant Pays Unit 3J
  • Appliances Unit 1A,B,E,F,S,X
  • Appliances Unit 2A,B,E,F,S,X
  • Appliances Unit 3A,B,X
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,450$4,258
Year Total$41,400$51,096
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
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

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

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