2 Flat 4035 WILcox West Garfield Park Chicago IL | Chicago Property Listings – X Plus Real Estate

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2 Flat 4035 WILcox West Garfield Park Chicago IL

City: Chicago ZIP: 60624

Built In: 1920

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $960

Unit 2 Floor 2: 3 bedrooms 1 baths $1100

Detailed Listing Description

Great investments! LOW PROPERTY TAX! Fully rehabbed 2 flat in HOT WESTSIDE neighborhood! Long term stable Sec8 tenants! 3bed/1bath 2nd floor, 2bd/1bath first floor with potential to be duplexed. Laundry on site! Close to transportation! Just 15 minutes from downtown Chicago. ***Located in City's home ownership incentive zone. You can get $15,000 in down payment assistance!!!***

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 80% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Garfield Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $104,270 to $150,976
This listing is 124% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $24,720 Monthly $2,060
Rental Income Stabilized : Annual $25,140 Monthly $2,095
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$234,0002$117,0005.05%9.470.90%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,060$2,095
Year Total$24,720$25,140
Expense
Total$12,894$12,894
Net Operating Income$11,826$12,246
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2832 $7840 $10672 $890
Total         $2,832 $7,840 $10,672   $1,154 $2,832 $3,986
Stabilized         $2,832 $7,840 $10,672   $1,574 $2,832 $4,406
Custom         $2832 $7840 $10672   $1574 $2832 $4406




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1175,500890232658232658890
2175,2688902336574651,3151,780
3175,0358902346566981,9722,670
4174,8028902346569332,6273,560
5174,5678902356551,1683,2824,450
6174,3328902366541,4043,9365,340
7174,0968902376531,6414,5896,230
8173,8598902386521,8805,2407,120
9173,6208902396512,1185,8928,010
10173,3828902406502,3586,5428,900
11173,1428902416492,5997,1919,790
12172,9018902426482,8417,83910,680
13172,6598902436473,0838,48711,570

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Listing Agent: Jovan Slankamenac
Listing Office: Jovan Slankamenac
125 S. Wacker Dr. Suite 300 Chicago

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