2 Flat 4023 Spaulding Irving Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 4023 Spaulding Irving Park Chicago IL Mu I

City: Chicago ZIP: 60618

Built In: 1918

Lot Size: A

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Well maintained, brick 2flat in the Irving Park neighborhood. Great investment property with easy access to highway and public transportation. The 2nd-floor unit has been remodeled. Roof and tuckpointing have been well maintained. Units show high ceilings, updated electrical, separate HVAC units, 2 water meters, large, updated and insulated windows, finished basement and more. Brand new refinished floors. Newer garage and large backyard. Easy stroll to shops, restaurants, parks and train.

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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 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,E,F,S
Schools
  • Grade SchoolBateman Elementary School
  • Grade School District299
  • Jr High/Middle SchoolBateman Elementary School
  • Jr High/Middle School District299
  • High SchoolRoosevelt High School
  • 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 4% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 16% 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 $28,157 Monthly $2,346
Rental Income Stabilized : Annual $35,196 Monthly $2,933
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$499,9002$249,9503.01%17.750.59%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,346$2,933
Year Total$28,157$35,196
Expense
Total$13,115$13,115
Net Operating Income$15,042$22,081
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6049 $16748 $22797 $1900
Total         $6,049 $16,748 $22,797   $-7,755 $6,049 $-1,706
Stabilized         $6,049 $16,748 $22,797   $-716 $6,049 $5,333
Custom         $6049 $16748 $22797   $-716 $6049 $5333




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1374,9251,9004941,4064941,4061,900
2374,4311,9004961,4049902,8103,800
3373,9351,9004981,4021,4884,2125,700
4373,4371,9005001,4001,9875,6137,600
5372,9381,9005011,3992,4897,0119,500
6372,4361,9005031,3972,9928,40811,400
7371,9331,9005051,3953,4979,80313,300
8371,4281,9005071,3934,00511,19515,200
9370,9201,9005091,3914,51412,58617,100
10370,4111,9005111,3895,02513,97519,000
11369,9001,9005131,3875,53715,36320,900
12369,3881,9005151,3856,05216,74822,800
13368,8731,9005171,3836,56918,13124,700

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