2 Flat 3806 Armitage Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 3806 Armitage Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 1900

Lot Size: A

Lot Dimensions: 25X100

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 1: 4 bedrooms 3 baths $0

Detailed Listing Description

Great opportunity to own and finish 2 units building in Logan Square. Building permits approved for adding addition or finish as is. Framed inside: First floor 2 bedroom one bath or 2 bedrooms and 2 baths with proposed and approved addition, second unit is duplex 3 bedrooms with 2 baths or 4 bedrooms and 3 baths. Foundation is redone. 2 car garage. If you choose do finish with addition.

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 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
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 50% 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 52% 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 $24,806 Monthly $2,067
Rental Income Stabilized : Annual $31,008 Monthly $2,584
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$260,0002$130,0003.28%10.480.99%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,067$2,584
Year Total$24,806$31,008
Expense
Total$16,275$16,275
Net Operating Income$8,531$14,733
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3146 $8711 $11857 $989
Total         $3,146 $8,711 $11,857   $-3,326 $3,146 $-180
Stabilized         $3,146 $8,711 $11,857   $2,876 $3,146 $6,022
Custom         $3146 $8711 $11857   $2876 $3146 $6022




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1195,000989258731258731989
2194,7429892597305161,4621,978
3194,4849892607297762,1912,967
4194,2249892617281,0372,9193,956
5193,9639892627271,2983,6474,945
6193,7029892637261,5614,3735,934
7193,4399892647251,8255,0986,923
8193,1759892657242,0895,8237,912
9192,9119892667232,3556,5468,901
10192,6459892677222,6217,2699,890
11192,3799892687212,8897,99010,879
12192,1119892697203,1588,71011,868
13191,8429892707193,4279,43012,857

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Listing Agent: Aleksandra Stojanovic-Terpo
Listing Office: Keller Williams Preferred Rlty
18215 Springfield Ave. Homewood

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