3 Flat 2939 Springfield Avondale Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 2939 Springfield Avondale Chicago IL Mu In

City: Chicago ZIP: 60618

Built In: 1896

Lot Size: K

Lot Dimensions: 3780

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1480

Unit 2 Floor 2: 3 bedrooms 1 baths $1650

Unit 3 Floor 3: 1 bedrooms 1 baths $600

Detailed Listing Description

Beautifully rehabbed Avondale 2 flat + bonus attic on an extra-wide lot! Perfect for an owner occupant who wants a larger unit or for an investor looking cash flow in a great neighborhood. The first floor is 2BD/1BTH and features a beautiful open kitchen with natural stone wall and laminate countertops, sliding patio doors that lead to a large landscaped backyard complete with ready-to-plant garden beds. Second floor 3BD/1BTH makes a perfect upgraded rental OR use the existing stairs to duplex up with the bonus apartment in the attic to create a 3 bed/2 bath + office owners unit. New thermal windows, high-efficiency hot water tanks, and copper plumbing. All units were renovated two years ago. Shared coin laundry is easily accessible on the second floor enclosed porch and there are hookups installed on the third floor. Lots of thoughtful details in this quality rehab means low maintenance costs for an owner. Two and a half car garage plus 3 extra parking pads perfect for extra income. C

Contact Listing Agent

Weston Harding

Weston Harding

Team Founder

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • Gargage DetailsC
  • 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
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,C,D,E
  • Appliances Unit 3A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 2% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 21% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $44,760 Monthly $3,730
Rental Income Stabilized : Annual $53,496 Monthly $4,458
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$598,0003$199,3333.98%13.360.75%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,730$4,458
Year Total$44,760$53,496
Expense
Total$20,933$20,933
Net Operating Income$23,827$32,563
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7236 $20035 $27271 $2273
Total         $7,236 $20,035 $27,271   $-3,444 $7,236 $3,792
Stabilized         $7,236 $20,035 $27,271   $5,292 $7,236 $12,528
Custom         $7236 $20035 $27271   $5292 $7236 $12528




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1448,5002,2735911,6825911,6822,273
2447,9092,2735931,6801,1843,3624,546
3447,3162,2735961,6771,7805,0396,819
4446,7202,2735981,6752,3786,7149,092
5446,1222,2736001,6732,9788,38711,365
6445,5222,2736021,6713,58010,05813,638
7444,9202,2736051,6684,18511,72615,911
8444,3152,2736071,6664,79213,39218,184
9443,7082,2736091,6645,40115,05620,457
10443,0992,2736111,6626,01216,71822,730
11442,4882,2736141,6596,62618,37725,003
12441,8742,2736161,6577,24220,03427,276
13441,2582,2736181,6557,86021,68929,549

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