3 Flat 2638 Cortland Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 2638 Cortland Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: U

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1100

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Unit 3 Floor 3: 2 bedrooms 1 baths $1400

Detailed Listing Description

FULLY RENTED 3 UNIT, CURRENT LOW MARKET RENTS,WEST BUCKTOWN. AFFORDABLE, NEW CONTRUCTION ALL AROUND,SOME REHABBED, LARGE APTS ALL WITH DINING AND LIVING ROOM. GFA -CENTRAL AIR+WASHER+DRYERS, HOT WATER HEATERS, DISHWASHERS IN EACH UNIT, OAK FLOORS. PRIVATE FRT AND BACK.FENCED YARD WITH GATED PARKING ROOM FOR 4 OUTDOOR PARKING SPACES WITH ADDITIONAL INCOME OF $300 MONTH,POSITIVE CASH FLOW!. APPRECIATING AREA. LIVE-IN,GREAT FOR INVESTOR OR CONVERT TO CONDOS. All 2 bedroom, 1 bath rooms, great space in Bucktown/Logan Square Area, has everything,private entrance , 3 story bld, lots of light, updated, big kitchens,living rm, dining rm,huge back yard, new private deck/porch, hardwood floors,washer and dryer in unit, dishwasher,central a/c, easy street parking, 606 trail half a block away, walk to shops, and bars, 2blks to Expressway,bus stops and blue line EL, no smoking units. Broker Owned Property.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
  • Appliances Unit 3A,B,C,D,E
Schools
  • 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 3% 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 14% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $44,400 Monthly $3,700
Rental Income Stabilized : Annual $58,128 Monthly $4,844
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,0003$199,6673.39%13.490.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,700$4,844
Year Total$44,400$58,128
Expense
Total$24,092$24,092
Net Operating Income$20,308$34,036
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7248 $20068 $27316 $2277
Total         $7,248 $20,068 $27,316   $-7,008 $7,248 $240
Stabilized         $7,248 $20,068 $27,316   $6,720 $7,248 $13,968
Custom         $7248 $20068 $27316   $6720 $7248 $13968




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1449,2502,2775921,6855921,6852,277
2448,6582,2775951,6821,1873,3674,554
3448,0632,2775971,6801,7845,0476,831
4447,4662,2775991,6782,3836,7259,108
5446,8672,2776011,6762,9848,40111,385
6446,2662,2776041,6733,58710,07513,662
7445,6632,2776061,6714,19311,74615,939
8445,0572,2776081,6694,80113,41518,216
9444,4492,2776101,6675,41115,08220,493
10443,8392,2776131,6646,02416,74622,770
11443,2262,2776151,6626,63918,40825,047
12442,6112,2776171,6607,25620,06827,324
13441,9942,2776201,6577,87621,72529,601

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Listing Agent: Bob Fisher
Listing Office: @properties
113 N. McHenry Road Chicago

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