3 Flat 2023 Albany Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 2023 Albany Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1881

Lot Size: K

Lot Dimensions: 40X150

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $1600

Unit 2 Floor 2: 3 bedrooms 1 baths $1600

Unit 3 Floor 3: 3 bedrooms 1 baths $1600

Detailed Listing Description

Absolutely tremendous tall Grey-stone beauty with appeal to the most discerning buyer located in the Palmer Square corridor of Logan Square. Built in 1881 & still retains many vintage details: hutches, interior staircase, fireplaces, etc. Large units w/ high ceilings, hardwood floors, natural woodwork throughout, newer windows, large kitchens & enclosed porches all on a spacious 40x150 lot. Additionally, basement unit has 3 rms w/ 1 bdrm & bath. Rents are all well below market and tenants are month to month.

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
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F
  • Appliances Unit 3A,B,F
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 61% more than other 3 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 44% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $57,600 Monthly $4,800
Rental Income Stabilized : Annual $59,400 Monthly $4,950
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,800$4,950
Year Total$57,600$59,400
Net Operating Income$32,429$34,229
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $12088 $33469 $45557 $3797
Total         $12,088 $33,469 $45,557   $-13,128 $12,088 $-1,040
Stabilized         $12,088 $33,469 $45,557   $-11,328 $12,088 $760
Custom         $12088 $33469 $45557   $-11328 $12088 $760

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Luis Saldana
Listing Office: Keller Williams Chicago-Lincoln Park
6803 N. Keeler Lincolnwood

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