2 Flat 2234 Cortez West Town Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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2 Flat 2234 Cortez West Town Chicago IL Mu Invest

City: Chicago ZIP: 60622

Built In: 1915

Lot Size: A

Lot Dimensions: 33X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2200

Unit 2 Floor 2: 3 bedrooms 1 baths $1650

Detailed Listing Description

Very well kept 2 Flat in desirable Ukranian Village. Lots of vintage details! Large 3/4 bedroom units. Enclosed porch adds extra square footage. Recent updates include brand new boiler, roof 2016, some new windows over the last 3 years. Main floor updated 1 1/2 years ago. Top floor updated 5 years ago. Full basement. Stainless Steel appliances on main floor. Typical Unit Size Sun Room 13x9. Living Room 15x13. Bed 12x9. Bed 14x9. Kit 13x11. Bed or Dining room 12x10. Bed/den 9x8. Enclosed porch 16x6.

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 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 27% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 14% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $46,200 Monthly $3,850
Rental Income Stabilized : Annual $44,376 Monthly $3,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$679,0002$339,5003.10%14.700.54%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,850$3,698
Year Total$46,200$44,376
Expense
Total$25,123$25,123
Net Operating Income$21,077$19,253
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8216 $22749 $30965 $2581
Total         $8,216 $22,749 $30,965   $-9,888 $8,216 $-1,672
Stabilized         $8,216 $22,749 $30,965   $-11,712 $8,216 $-3,496
Custom         $8216 $22749 $30965   $-11712 $8216 $-3496




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1509,2502,5816711,9106711,9102,581
2508,5792,5816741,9071,3453,8175,162
3507,9052,5816761,9052,0215,7227,743
4507,2292,5816791,9022,7007,62410,324
5506,5502,5816811,9003,3829,52312,905
6505,8682,5816841,8974,06611,42015,486
7505,1842,5816871,8944,75213,31518,067
8504,4982,5816891,8925,44215,20620,648
9503,8082,5816921,8896,13317,09623,229
10503,1172,5816941,8876,82818,98225,810
11502,4222,5816971,8847,52420,86728,391
12501,7262,5817001,8818,22422,74830,972
13501,0262,5817021,8798,92624,62733,553

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Listing Agent: James Griseto
Listing Office: Roppolo Realty, Inc.
235 S. WILKINS DR DES PLAINES

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