2 Flat 3654 97th East Side Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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2 Flat 3654 97th East Side Chicago IL Mu Investme

City: Chicago ZIP: 60617

Built In: 1884

Lot Size: K

Lot Dimensions: 50X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

THIS BRICK 2 FLAT WOULD BE A GREAT BUILDING FOR THE FIRST TIME BUYER OR FIRST TIME INVESTOR. LOCATED IN A QUIET SECLUDED NEIGHBORHOOD, THAT IS WALKING DISTANCE TO THE BEACH AT CALUMET PARK. BUILDING HAD A NEW ROOF AND TWO NEW FURNACES INSTALLED LAST YEAR AND TWO HOT WATER TANKS INSTALLED TWO YEARS AGO. THE LARGE LOT OFFERS LOTS OF OPPORTUNITIES FOR WARM WEATHER ACTIVITIES.

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 1O
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60617

Listings in this Zip Code average: 2 to 3 units, and are priced at $98,662 to $161,586
This listing is 37% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - East Side

Listings in this Neighborhood average: 2 to 3 units, with average prices of $115,381 to $167,483
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 $18,470 Monthly $1,539
Rental Income Stabilized : Annual $23,088 Monthly $1,924
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$135,0002$67,5004.95%7.311.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,539$1,924
Year Total$18,470$23,088
Expense
Total$11,785$11,785
Net Operating Income$6,685$11,303
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1634 $4523 $6157 $514
Total         $1,634 $4,523 $6,157   $528 $1,634 $2,162
Stabilized         $1,634 $4,523 $6,157   $5,146 $1,634 $6,780
Custom         $1634 $4523 $6157   $5146 $1634 $6780




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1101,250514134380134380514
2101,1165141353792697591,028
3100,9815141353794041,1381,542
4100,8465141363785401,5162,056
5100,7105141363786771,8932,570
6100,5735141373778132,2713,084
7100,4375141373779512,6473,598
8100,2995141383761,0893,0234,112
9100,1615141383761,2273,3994,626
10100,0235141393751,3663,7745,140
1199,8845141393751,5054,1495,654
1299,7455141403741,6454,5236,168
1399,6055141403741,7864,8966,682

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Listing Agent: Nicholas Radakovich
Listing Office: Home Sales Realty INC.
9825 Muskegon Ave Chicago

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