2 Flat 522 HILl Elgin IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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2 Flat 522 HILl Elgin IL Mu Investment

City: Elgin ZIP: 60120

Built In: U

Lot Size: B

Lot Dimensions: 62 X 150

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $900

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

TWO FLAT IN ELGIN. , WONT LAST LONG **LOW KANE COUNTY TAXES** MOVE IN READY OR GREAT INVESTMENT. ***SOLD AS IS*** SELLER WOULD PREFER CONVENTIONAL FINANCING BUT WILL CONSIDER FHA

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • 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 District46
  • Jr High/Middle School District46
  • High School District46

Comparative Data

Zip Code Comparison: 60120

Listings in this Zip Code average: 3 to 4 units, and are priced at $134,667 to $199,900
This listing is 18% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $24,264 Monthly $2,022
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$159,9002$79,950-1.42%14.811.26%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$2,022
Year Total$10,800$24,264
Expense
Total$13,078$13,078
Net Operating Income$-2,278$11,186
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $1935 $5358 $7293 $608
Total         $1,935 $5,358 $7,293   $-9,571 $1,935 $-7,636
Stabilized         $1,935 $5,358 $7,293   $3,893 $1,935 $5,828
Custom         $1935 $5358 $7293   $3893 $1935 $5828




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1119,925608158450158450608
2119,7676081594493178991,216
3119,6086081594494771,3471,824
4119,4486081604486371,7952,432
5119,2886081614477972,2433,040
6119,1286081614479592,6893,648
7118,9666081624461,1213,1354,256
8118,8046081624461,2833,5814,864
9118,6426081634451,4464,0265,472
10118,4796081644441,6104,4706,080
11118,3156081644441,7744,9146,688
12118,1516081654431,9395,3577,296
13117,9866081664422,1055,7997,904

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Listing Agent: Esther Zamudio
Listing Office: REMAX Horizon
405 Tartans Drive W. Dundee

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