2 Flat 1716 Pulaski Humboldt Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 1716 Pulaski Humboldt Park Chicago IL Mu I

City: Chicago ZIP: 60639

Built In: 1895

Lot Size: L

Lot Dimensions: 25 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $1000

Detailed Listing Description

Amazing Opportunity for Live in Owner, possibilities of a duplex down with top floor rental income. As the area continues to improve, turn it into a single family home or keep it as an income producing rental property. Opportunity Opportunity Opportunity in Amazing Location: B 3-1 Zoning (Business/Commercial Zoning), Allows for multiple uses and Flexibility to maximize your options as the area improves and allows for a much larger built out than a similar lot on a residential zoned area. Property can be financed with a residential loan (!) Long time owner, recently has cleaned out basement, ready for your ideas and has built new front and rear decks. Units are currently 1100 Sq ft, 2 bed 1 bath each. 2 Car Garage and oversized yard. Walk and a short drive to many conveniences, many more coming soon!

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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 1A
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60639

Listings in this Zip Code average: 2 to 3 units, and are priced at $280,900 to $319,732
This listing is 3% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 29% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $12,000 Monthly $1,000
Rental Income Stabilized : Annual $29,664 Monthly $2,472
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$290,0002$145,000-0.59%24.170.85%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,000$2,472
Year Total$12,000$29,664
Expense
Total$13,709$13,709
Net Operating Income$-1,709$15,955
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3509 $9716 $13225 $1103
Total         $3,509 $9,716 $13,225   $-14,934 $3,509 $-11,425
Stabilized         $3,509 $9,716 $13,225   $2,730 $3,509 $6,239
Custom         $3509 $9716 $13225   $2730 $3509 $6239




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1217,5001,1032878162878161,103
2217,2131,1032888155761,6302,206
3216,9241,1032908138652,4443,309
4216,6351,1032918121,1563,2564,412
5216,3441,1032928111,4484,0675,515
6216,0521,1032938101,7404,8786,618
7215,7601,1032948092,0345,6877,721
8215,4661,1032958082,3296,4958,824
9215,1711,1032968072,6267,3019,927
10214,8741,1032978062,9238,10711,030
11214,5771,1032988053,2218,91212,133
12214,2791,1032998043,5219,71513,236
13213,9791,1033018023,82110,51814,339

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