2 Flat 2516 Pratt West Ridge Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 2516 Pratt West Ridge Chicago IL Mu Invest

City: Chicago ZIP: 60645

Built In: 1925

Lot Size: L

Lot Dimensions: 25 X 120

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 0 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

Brick 2-unit building in Rogers Park! Great opportunity for live in investor! Amazing space on a quiet tree-lined street. 25 x 120 lot. Spacious 2nd-floor unit features 3 bedrooms, 2 full baths, separate living & dining rooms with high ceilings. Eat-in kitchen with plenty of cabinets & access to enclosed porch. 1st floor open space for your imagination. Full unfinished basement with New broiler. Detached two car brick garage. Great West Rogers Park location. Close to shops & dining on Devon Ave, Warren Park & Indian Boundary Park.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2A,B,C,D,N
Schools
  • Grade SchoolBoone Elementary School
  • Grade School District299
  • Jr High/Middle SchoolBoone Elementary School
  • Jr High/Middle School District299
  • High SchoolMather High School
  • High School District299

Comparative Data

Zip Code Comparison: 60645

Listings in this Zip Code average: 3 to 4 units, and are priced at $502,904 to $618,267
This listing is 15% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Ridge

Listings in this Neighborhood average: 2 to 3 units, with average prices of $461,847 to $506,048
This listing is 17% 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 $15,965 Monthly $1,330
Rental Income Stabilized : Annual $19,956 Monthly $1,663
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$385,0002$192,5001.42%24.120.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,330$1,663
Year Total$15,965$19,956
Expense
Total$10,510$10,510
Net Operating Income$5,455$9,446
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4659 $12899 $17558 $1464
Total         $4,659 $12,899 $17,558   $-12,103 $4,659 $-7,444
Stabilized         $4,659 $12,899 $17,558   $-8,112 $4,659 $-3,453
Custom         $4659 $12899 $17558   $-8112 $4659 $-3453




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1288,7501,4643811,0833811,0831,464
2288,3691,4643831,0817642,1642,928
3287,9861,4643841,0801,1483,2444,392
4287,6021,4643851,0791,5334,3235,856
5287,2171,4643871,0771,9205,4007,320
6286,8301,4643881,0762,3096,4758,784
7286,4411,4643901,0742,6997,54910,248
8286,0511,4643911,0733,0908,62211,712
9285,6601,4643931,0713,4839,69313,176
10285,2671,4643941,0703,87710,76314,640
11284,8731,4643961,0684,27311,83116,104
12284,4771,4643971,0674,67012,89817,568
13284,0801,4643991,0655,06813,96419,032

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Listing Agent: Amy Duong
Listing Office: Compass
312 Phillippa St. Hinsdale

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