2 Flat 7641 Luella South Shore Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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    2 Flat 7641 Luella South Shore Chicago IL Mu Inve

    City: Chicago ZIP: 60649

    Built In: 1920

    Lot Size: A

    Lot Dimensions: 4410

    Lot Description: H

    # of Units: 2

    Unit 1 Floor 1: 4 bedrooms 2 baths $0

    Unit 2 Floor 2: 3 bedrooms 1 baths $0

    Detailed Listing Description

    1 of only 2 flats on beautiful residential block. Opportunity KNOCKS. SOLD AS IS CASH ONLY!!!!!!! IF YOU AGREE WITH ME*WE AGREE, 2 flats are hard to come by in this market. Hello. Savvy GC, Contractor, Investor or that person ready to step out on faith. South Shore 2 flat with separate LIVING/DINING & heating, walk out basement & interior stairs to leading to basement from 1st floor unit, Low exterior maintenance. Exterior showings ONLY (tenants). Close proximity to Starbucks, Lake, Jackson Park Hospital, South shore Library, Tiger Woods Golf Course & Obama Library and easy access LSD. Call list agent or a agent with questions.

    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: 60649

    Listings in this Zip Code average: 5 to 6 units, and are priced at $519,000 to $327,132
    This listing is 42% 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 36% 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 $10,522 Monthly $877
    Rental Income Stabilized : Annual $13,152 Monthly $1,096
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    $100,0002$50,000-2.45%9.501.10%
    Income
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$877$1,096
    Year Total$10,522$13,152
    Expense
    Total$12,970$12,970
    Net Operating Income$-2,448$182
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Down
    Mortgage $1210 $3351 $4561 $381
    Total         $1,210 $3,351 $4,561   $-7,009 $1,210 $-5,799
    Stabilized         $1,210 $3,351 $4,561   $-4,379 $1,210 $-3,169
    Custom         $1210 $3351 $4561   $-4379 $1210 $-3169




    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
    175,000381100281100281381
    274,900381100281200562762
    374,8003811002813008431,143
    474,7003811012804011,1231,524
    574,5993811012805031,4021,905
    674,4973811022796041,6822,286
    774,3963811022797061,9612,667
    874,2943811022798092,2393,048
    974,1913811032789112,5183,429
    1074,0893811032781,0152,7953,810
    1173,9853811042771,1183,0734,191
    1273,8823811042771,2223,3504,572
    1373,7783811042771,3263,6274,953

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    Listing Agent: Tasha Jarrett
    Listing Office: Oak Realty of Chicago,Inc
    6414 S. Rhodes Chicago

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