2 Flat 1536 Talman West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 1536 Talman West Town Chicago IL Mu Invest

City: Chicago ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $NA

Unit 2 Floor 2: 3 bedrooms 1 baths $NA

Detailed Listing Description

Fantastic investment opportunity! Brick 2 flat, separate utilities, sold as-is. First floor features 2 bedrooms & 1 bathroom, second floor features 3 bedrooms & 1 bath. The property is close to the 606 Trail & the $50 million "Creative Office Campus" development referred to as Humboldt Lit. Easy access to nearby restaurants and retail establishments! Located conveniently near transportation to downtown & the O'Hare Blue Line. Schedule a showing today!

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
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 23% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 31% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $38,172 Monthly $3,181
Rental Income Stabilized : Annual $44,580 Monthly $3,715
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$410,0002$205,0005.04%10.740.91%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,181$3,715
Year Total$38,172$44,580
Expense
Total$17,499$17,499
Net Operating Income$20,673$27,081
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4961 $13737 $18698 $1559
Total         $4,961 $13,737 $18,698   $1,975 $4,961 $6,936
Stabilized         $4,961 $13,737 $18,698   $8,383 $4,961 $13,344
Custom         $4961 $13737 $18698   $8383 $4961 $13344




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1307,5001,5594061,1534061,1531,559
2307,0941,5594071,1528132,3053,118
3306,6871,5594091,1501,2223,4554,677
4306,2781,5594101,1491,6334,6036,236
5305,8671,5594121,1472,0455,7507,795
6305,4551,5594141,1452,4586,8969,354
7305,0421,5594151,1442,8738,04010,913
8304,6271,5594171,1423,2909,18212,472
9304,2101,5594181,1413,70810,32314,031
10303,7921,5594201,1394,12811,46215,590
11303,3721,5594211,1384,54912,60017,149
12302,9511,5594231,1364,97213,73618,708
13302,5281,5594251,1345,39714,87020,267

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Listing Agent: Joe Zimmerman
Listing Office: Keller Williams Chicago-Lincoln Park
2211 N Elston Ave Suite 104 Chicago

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