2 Flat 2831 Avers Avondale Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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2 Flat 2831 Avers Avondale Chicago IL Mu Investme

City: Chicago ZIP: 60618

Built In: 1906

Lot Size: A

Lot Dimensions: 3075

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 4 bedrooms 2 baths $0

Detailed Listing Description

Great investment opportunity for a live in owner with one rental unit and bonus space for owner or airbnb! West Logan Square/Avondale complete gut rehab of an adorable two flat. First and 2nd floor units have 3 bedrooms and one bath with in-unit laundry. Third floor bonus space features 2 bedrooms and a kitchenette plus a roof deck. Nice yard and two car garage. Take the Diversey bus a few blocks to the Belmont Blue Line. Close to restaurants, park and local coffee shop.

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 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 45% more than other 2 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 58% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $13,805 Monthly $1,150
Rental Income Stabilized : Annual $17,256 Monthly $1,438
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0002$349,500-0.33%50.630.21%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,150$1,438
Year Total$13,805$17,256
Expense
Total$16,123$16,123
Net Operating Income$-2,318$1,133
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $-34,195 $8,458 $-25,737
Stabilized         $8,458 $23,419 $31,877   $-30,744 $8,458 $-22,286
Custom         $8458 $23419 $31877   $-30744 $8458 $-22286




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Dana Benigno
Listing Office: @properties
2420 W. Erie Chicago

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