2 Flat 6354 Langley Woodlawn Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 6354 Langley Woodlawn Chicago IL Mu Invest

City: Chicago ZIP: 60637

Built In: 1885

Lot Size: A

Lot Dimensions: 25X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1083

Unit 2 Floor 2: 3 bedrooms 1 baths $1258

Detailed Listing Description

Great investment opportunity! 2 Units building. Nice kitchen and bath. Great location. Close to major expressways, parks, schools, and lake.This property has a lot of potential for someone who is looking for a long-term investment.

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60637

Listings in this Zip Code average: 3 to 4 units, and are priced at $206,769 to $289,938
This listing is 57% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Woodlawn

Listings in this Neighborhood average: 3 to 4 units, with average prices of $208,776 to $297,430
This listing is 49% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $28,092 Monthly $2,341
Rental Income Stabilized : Annual $29,100 Monthly $2,425
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$200,0002$100,0007.66%7.121.21%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,341$2,425
Year Total$28,092$29,100
Expense
Total$12,778$12,778
Net Operating Income$15,314$16,322
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2420 $6701 $9121 $761
Total         $2,420 $6,701 $9,121   $6,193 $2,420 $8,613
Stabilized         $2,420 $6,701 $9,121   $7,201 $2,420 $9,621
Custom         $2420 $6701 $9121   $7201 $2420 $9621




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1150,000761199563199563761
2149,8027611995623981,1241,522
3149,6027612005615981,6852,283
4149,4027612015607982,2463,044
5149,2027612015601,0002,8053,805
6149,0007612025591,2023,3644,566
7148,7987612035581,4053,9225,327
8148,5957612045571,6094,4796,088
9148,3917612055561,8145,0356,849
10148,1867612055562,0195,5917,610
11147,9817612065552,2256,1468,371
12147,7757612075542,4326,7009,132
13147,5687612085532,6397,2549,893

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Listing Agent: Robert Lulkiewicz
Listing Office: American International Realty
2765 Dempster Park Ridge

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