2 Flat 2653 Armitage Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 2653 Armitage Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1890

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $1295

Detailed Listing Description

THIS IS THE LOCATION YOU'VE BEEN WAITING FOR! BOTH UNITS HAVE SIX ROOMS INCLUDING LIVING RM, DINING RM, KITCHEN AND THREE BEDROOMS WITH FUTURE OPTIONS FOR FULL ATTIC AND/OR LOWER LEVEL DUPLEXING. RECENT IMPROVEMENTS IN THE LAST 3-4 YEARS INCLUDE: WATER PIPES, DRYWALL, CONDUIT AND WIRING, 2 NEW FURNACES, ROOF, NEW WINDOWS, AND NEW VINYL SIDING. CLOSE TO WICKER PARK, BUCKTOWN AND A SHORT WALK TO THE BLUE LINE AND THE 606 TRAIL! BRING YOUR IDEAS! COMPLETE THIS REHAB AS A TWO UNIT, DUPLEX UP OR DOWN, CONVERT TO SINGLE FAMILY HOME OR START FRESH AND BUILD YOUR DREAM HOME!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,D
  • Tenant Pays Unit 2B,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 5% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 8% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $15,540 Monthly $1,295
Rental Income Stabilized : Annual $42,144 Monthly $3,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$495,0002$247,5000.41%31.850.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,295$3,512
Year Total$15,540$42,144
Expense
Total$13,522$13,522
Net Operating Income$2,018$28,622
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5990 $16584 $22574 $1882
Total         $5,990 $16,584 $22,574   $-20,556 $5,990 $-14,566
Stabilized         $5,990 $16,584 $22,574   $6,048 $5,990 $12,038
Custom         $5990 $16584 $22574   $6048 $5990 $12038




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1371,2501,8824901,3924901,3921,882
2370,7601,8824921,3909812,7833,764
3370,2691,8824931,3891,4754,1715,646
4369,7751,8824951,3871,9705,5587,528
5369,2801,8824971,3852,4676,9439,410
6368,7831,8824991,3832,9678,32511,292
7368,2831,8825011,3813,4689,70613,174
8367,7821,8825031,3793,97011,08615,056
9367,2801,8825051,3774,47512,46316,938
10366,7751,8825071,3754,98213,83818,820
11366,2681,8825081,3745,49015,21220,702
12365,7601,8825101,3726,00116,58322,584
13365,2491,8825121,3706,51317,95324,466

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Listing Agent: George Ristau
Listing Office: Weichert, Realtors - All Pro
1914 N 78th Ave Elmwood Park

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