2 Flat 2832 Lyndale Logan Square Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2832 Lyndale Logan Square Chicago IL Mu In

City: Chicago ZIP: 60647

Built In: 1892

Lot Size: L

Lot Dimensions: 25X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $900

Detailed Listing Description

Tear down or gut rehab 2 Flat in great Logan Square location! Right around the corner from the California Blue Line, this property is perfect for rehabbing into a nice 2 flat with a duplex up owner's unit or tear down and build to a single family home or condos. Home next door was built in 2013 and sold last year for $800k. Brand new construction homes are selling for ~ $1mil. Condos would require rezoning to RT-5, there is precedent on this block. El tracks *do not touch* the back of this lot! Fantastic location.

Contact Listing Agent

Weston Harding

Weston Harding

Team Founder

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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 1B,C
  • Tenant Pays Unit 2B,C
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 23% 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 26% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $10,800 Monthly $900
Rental Income Stabilized : Annual $38,436 Monthly $3,203
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9002$199,950-1.31%37.030.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$900$3,203
Year Total$10,800$38,436
Expense
Total$16,034$16,034
Net Operating Income$-5,234$22,402
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4839 $13398 $18237 $1520
Total         $4,839 $13,398 $18,237   $-23,471 $4,839 $-18,632
Stabilized         $4,839 $13,398 $18,237   $4,165 $4,839 $9,004
Custom         $4839 $13398 $18237   $4165 $4839 $9004




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,9251,5203951,1253951,1251,520
2299,5301,5203971,1237922,2483,040
3299,1331,5203981,1221,1903,3704,560
4298,7351,5204001,1201,5904,4906,080
5298,3351,5204011,1191,9915,6097,600
6297,9341,5204031,1172,3946,7269,120
7297,5311,5204041,1162,7987,84210,640
8297,1271,5204061,1143,2048,95612,160
9296,7211,5204071,1133,61110,06913,680
10296,3141,5204091,1114,02011,18015,200
11295,9051,5204101,1104,43112,28916,720
12295,4941,5204121,1084,84213,39818,240
13295,0831,5204131,1075,25614,50419,760

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