2 Flat 1652 Merrimac Austin Chicago IL Mu Investm| Chicago Property Listings – X Plus Real Estate

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2 Flat 1652 Merrimac Austin Chicago IL Mu Investm

City: Chicago ZIP: 60639

Built In: 1925

Lot Size: A

Lot Dimensions: 30 X 180

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1447

Unit 2 Floor 2: 3 bedrooms 1 baths $1247

Detailed Listing Description

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,P,S,U
  • Appliances Unit 2A,B,C,D,E,F,I,P,S,U
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60639

Listings in this Zip Code average: 2 to 3 units, and are priced at $280,900 to $319,732
This listing is 23% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Austin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $173,150 to $193,648
This listing is 99% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,328 Monthly $2,694
Rental Income Stabilized : Annual $32,364 Monthly $2,697
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$345,0002$172,5004.84%10.670.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,694$2,697
Year Total$32,328$32,364
Expense
Total$15,617$15,617
Net Operating Income$16,711$16,747
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4175 $11559 $15734 $1312
Total         $4,175 $11,559 $15,734   $977 $4,175 $5,152
Stabilized         $4,175 $11,559 $15,734   $1,013 $4,175 $5,188
Custom         $4175 $11559 $15734   $1013 $4175 $5188




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1258,7501,3123429703429701,312
2258,4081,3123439696851,9392,624
3258,0651,3123449681,0292,9073,936
4257,7211,3123469661,3743,8745,248
5257,3761,3123479651,7214,8396,560
6257,0291,3123489642,0695,8037,872
7256,6811,3123499632,4196,7659,184
8256,3311,3123519612,7707,72610,496
9255,9801,3123529603,1228,68611,808
10255,6281,3123539593,4759,64513,120
11255,2751,3123559573,83010,60214,432
12254,9201,3123569564,18611,55815,744
13254,5641,3123579554,54312,51317,056

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Listing Agent: Andre Mitchell
Listing Office: Baird & Warner
8320 S Paulina St #1 Chicago

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