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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