2 Flat 2129 Winchester Logan Square Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 2129 Winchester Logan Square Chicago IL Mu

City: Chicago ZIP: 60614

Built In: 1892

Lot Size: A

Lot Dimensions: 24X51

Lot Description: L

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1425

Unit 2 Floor 2: 1 bedrooms 1 baths $1435

Detailed Listing Description

Fantastic brick two-flat in prime Bucktown location. Perfect for an owner-occupant or a savvy investor. Move into the apartment of your choice and collect rent from the other unit. Easy add value by renovating kitchens and baths, with the opportunity to duplex the top floor into the attic (plans available for 3 bed, 2 bath duplex). Additionally, the property would make an excellent starter single-family home. Apartments features, hardwood floors, central AC, dishwashers, and washer & dryer in unit. Located in a superb location, near I-90 highway access, Metra and Bucktown city nightlife. Short walk to vibrant Wicker Park and the 606 trail

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Appliances Unit 1A,B,C,D,E,I,S
  • Appliances Unit 2A,B,C,D,E,I,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60614

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,397,655 to $1,464,000
This listing is 33% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 1% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $34,320 Monthly $2,860
Rental Income Stabilized : Annual $40,188 Monthly $3,349
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,860$3,349
Year Total$34,320$40,188
Net Operating Income$7,383$13,251
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6534 $18092 $24626 $2053
Total         $6,534 $18,092 $24,626   $-17,243 $6,534 $-10,709
Stabilized         $6,534 $18,092 $24,626   $-11,375 $6,534 $-4,841
Custom         $6534 $18092 $24626   $-11375 $6534 $-4841

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Dhereck Gomez
Listing Office: 33 Realty
5016 W Montrose Chicago

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