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Price: $135,000

MLS #: 10678963

Status: Active

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

Investors
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Previous Listing

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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.

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Map

Property Details

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.

Investors

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

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

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

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

Month	Balance	Payment	Principal	Interest	Equity	Total Interest	Total Payments
1	101,250	514	134	380	134	380	514
2	101,116	514	135	379	269	759	1,028
3	100,981	514	135	379	404	1,138	1,542
4	100,846	514	136	378	540	1,516	2,056
5	100,710	514	136	378	677	1,893	2,570
6	100,573	514	137	377	813	2,271	3,084
7	100,437	514	137	377	951	2,647	3,598
8	100,299	514	138	376	1,089	3,023	4,112
9	100,161	514	138	376	1,227	3,399	4,626
10	100,023	514	139	375	1,366	3,774	5,140
11	99,884	514	139	375	1,505	4,149	5,654
12	99,745	514	140	374	1,645	4,523	6,168
13	99,605	514	140	374	1,786	4,896	6,682

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

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