2 Flat 2848 Austin Belmont Cragin Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 2848 Austin Belmont Cragin Chicago IL Mu I

City: Chicago ZIP: 60634

Built In: U

Lot Size: A

Lot Dimensions: 30X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $800

Detailed Listing Description

Brick 2 Flat with full finished basement in Belmont Cragin. Each unit on 1st Floor and 2nd Floor has 2 Bedrm /1 Bath and enclosed back porch converted into 3rd Tandem Bedroom with closet space. Both bathrooms and Kitchen on 2nd Floor are updated. Each unit has hardwood floors, formal Dining Rm and Living Rm and beautiful original woodwork. Finished basement features: 3 extra Bedrooms, 1 Bathroom w/ shower, summer kitchen, laundry Room w/ dryer and 2 washers. 2 separate Furnices (one 2010), 2 water heaters (2010). All windows (2009), Roof (2012), newer Electric boxes (2018). Extra wide lot with paved back yard ready for grill and table. 2 car garage. Must see for owner occupant or investor.

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
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2A
  • Appliances Unit 1A,B,F,J,S
  • Appliances Unit 2A,B,C,J,K,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 18% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Belmont Cragin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $296,819 to $323,553
This listing is 31% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $9,600 Monthly $800
Rental Income Stabilized : Annual $30,792 Monthly $2,566
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$800$2,566
Year Total$9,600$30,792
Net Operating Income$-4,662$16,530
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $4707 $13033 $17740 $1479
Total         $4,707 $13,033 $17,740   $-22,402 $4,707 $-17,695
Stabilized         $4,707 $13,033 $17,740   $-1,210 $4,707 $3,497
Custom         $4707 $13033 $17740   $-1210 $4707 $3497

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Jacek Piktel
Listing Office: Dream Town Realty
2917 N Ridgeway Chicago

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