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Price: $275,000

MLS #: 10678462

Status: Active

2 Flat 2614 78th South Shore Chicago IL Mu Invest

City: Chicago ZIP: 60649

Built In: 1910

Lot Size: A

Lot Dimensions: 39 × 140

# of Units: 2

Unit 1 Floor 1: 4 bedrooms 2 baths $N/A

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

Investors
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Previous Listing

Map | 0 of 32

Detailed Listing Description

All brick South Shore 2-flat with duplexed 2900sqft owners unit on first floor. This upgraded unit features a drain tile system, newer kitchen with kitchen stainless steel appliances and recessed lights throughout. 4beds and 2baths in first floor duplex. The 2nd floor has 1500 square feet and features 3 beds and 1bath. Hardwood floors with upgraded lighting and upgraded stainless steel appliances. Each unit has its own laundry, hot water heater, and furnace. The newly poured driveway allows for 3 to 5 cars. Upgraded copper plumbing thru out. Working with experienced short sale attorney.

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Map

Property Details

Additional Property Details

Garage & Parking

Gargage On SiteY
Gargage OwnershipA
Gargage TypeB
Number of Gargage Spaces2
ParkingG,S
Number of Parking Spaces4
Parking on SiteY
Parking OwnershipA
Parking Fee/Lease Amount0

Utilities

Tenant Pays Unit 1B,C,D,I
Tenant Pays Unit 2B,C,D,I

Appliances

Appliances Unit 1A,B,F
Appliances Unit 2A,B,F

Schools

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

Comparative Data

Zip Code Comparison: 60649

Listings in this Zip Code average: 5 to 6 units, and are priced at $519,000 to $327,132
This listing is 60% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Shore

Listings in this Neighborhood average: 5 to 6 units, with average prices of $383,300 to $319,775
This listing is 77% more than other 2 unit listings in this neighborhood.

Investors

Calculated Rents
Rental Income : Annual $13,800 Monthly $1,150
Rental Income Stabilized : Annual $13,152 Monthly $1,096

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

$275,0002$137,5000.32%19.930.40%

Income

Unit TypeCurrent RateStabilized RateCustom Rate

Unit 1 :: Beds 4 Baths 2 Floor 1Tenant Pays:B,C,D,I

Unit 2 :: Beds 3 Baths 1 Floor 2Tenant Pays:B,C,D,I

Monthly Total$1,150$1,096

Year Total$13,800$13,152

Expense

Total$12,908$12,908

Net Operating Income$892$244

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

Down

Mortgage $3328 $9214 $12542 $1046

Total $3,328 $9,214 $12,542 $-11,650 $3,328 $-8,322

Stabilized $3,328 $9,214 $12,542 $-12,298 $3,328 $-8,970

Custom $3328 $9214 $12542 $-12298 $3328 $-8970

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	206,250	1,046	273	773	273	773	1,046
2	205,977	1,046	274	772	546	1,546	2,092
3	205,704	1,046	275	771	821	2,317	3,138
4	205,429	1,046	276	770	1,096	3,088	4,184
5	205,154	1,046	277	769	1,373	3,857	5,230
6	204,877	1,046	278	768	1,651	4,625	6,276
7	204,599	1,046	279	767	1,930	5,392	7,322
8	204,320	1,046	280	766	2,209	6,159	8,368
9	204,041	1,046	281	765	2,490	6,924	9,414
10	203,760	1,046	282	764	2,772	7,688	10,460
11	203,478	1,046	283	763	3,055	8,451	11,506
12	203,195	1,046	284	762	3,339	9,213	12,552
13	202,911	1,046	285	761	3,624	9,974	13,598

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Listing Agent: Ashley Kaehn
Listing Office: Compass
Chicago

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