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Price: $244,999

MLS #: 10677093

Status: Active

3 Flat 2142 Fairfield South Lawndale Chicago IL M

City: Chicago ZIP: 60608

Built In: 1892

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $N/A

Unit 2 Floor 2: 2 bedrooms 1 baths $N/A

Unit 3 Floor 2: 2 bedrooms 1 baths $N/A

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Previous Listing

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Detailed Listing Description

GREAT INVESTMENT OPPORTUNITY! 3 UNIT BRICK COMPLETE GUTTED W/T COACH HOUSE, 1ST FLOOR OFFERING POTENTIAL LIVING ROOM, DINING ROOM, 3 BEDROOMS, CABINET KITCHEN & FULL BATH! 2ND FLOOR APARTMENTS FEATURING POTENTIAL LIVING ROOM, 2 BEDROOMS, KITCHEN & FULL BATH! COACH HOUSE OFFERING LIVING ROOM, 2 BEDROOMS, KITCHEN & FULL BATH! COMMUTER FRIENDLY, CLOSE TO SHOPPING, DINING & RECREATION! PROPERTY IS BEING SOLD "AS-IS" (ZONING RT-4)

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Map

Property Details

Additional Property Details

Garage & Parking

ParkingN
Number of Parking Spaces0
Parking Fee/Lease Amount0

Utilities

Tenant Pays Unit 1A
Tenant Pays Unit 2A
Tenant Pays Unit 3A

Appliances

Appliances Unit 1O
Appliances Unit 2O
Appliances Unit 3O

Schools

Grade School District299
Jr High/Middle School District299
High School District299

Comparative Data

Zip Code Comparison: 60608

Listings in this Zip Code average: 3 to 4 units, and are priced at $367,244 to $450,309
This listing is 33% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Lawndale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $160,576 to $189,327
This listing is 29% more than other 3 unit listings in this neighborhood.

Investors

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

Calculated Rents
Rental Income : Annual $43,402 Monthly $3,617
Rental Income Stabilized : Annual $54,252 Monthly $4,521

Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized

$244,9993$81,66611.16%5.641.85%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 3 Baths 1 Floor 1Tenant Pays:A

Unit 2 :: Beds 2 Baths 1 Floor 2Tenant Pays:A

Unit 3 :: Beds 2 Baths 1 Floor 2Tenant Pays:A

Monthly Total$3,617$4,521

Year Total$43,402$54,252

Expense

Total$16,068$16,068

Net Operating Income$27,334$38,184

Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return

Down

Mortgage $2965 $8209 $11174 $932

Total $2,965 $8,209 $11,174 $16,160 $2,965 $19,125

Stabilized $2,965 $8,209 $11,174 $27,010 $2,965 $29,975

Custom $2965 $8209 $11174 $27010 $2965 $29975

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	183,750	932	243	689	243	689	932
2	183,507	932	244	688	487	1,377	1,864
3	183,263	932	245	687	732	2,064	2,796
4	183,018	932	246	686	977	2,751	3,728
5	182,773	932	247	685	1,224	3,436	4,660
6	182,526	932	248	684	1,471	4,121	5,592
7	182,279	932	248	684	1,720	4,804	6,524
8	182,030	932	249	683	1,969	5,487	7,456
9	181,781	932	250	682	2,220	6,168	8,388
10	181,530	932	251	681	2,471	6,849	9,320
11	181,279	932	252	680	2,723	7,529	10,252
12	181,027	932	253	679	2,976	8,208	11,184
13	180,774	932	254	678	3,230	8,886	12,116

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Listing Agent: Luis Ortiz
Listing Office: RE/MAX Partners
6420 Cermak Rd Berwyn

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