2 Flat 2800 Manor Park Ridge IL Mu Investment | Chicago Property Listings – X Plus Real Estate

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2 Flat 2800 Manor Park Ridge IL Mu Investment

City: Park Ridge ZIP: 60068

Built In: 1962

Lot Size: A

Lot Dimensions: 6439

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1050

Unit 2 Floor 1: 3 bedrooms 2 baths $1950

Detailed Listing Description

Spacious side-by-side duplex/two unit with long-term tenants in this arm chair investment opportunity. Located in a convenient, quiet neighborhood with easy access to highways, schools, and downtown Park Ridge. Enormous 3 bedroom/2.5 bath with huge lower level rec room with half bath and storage/utility space. Immaculate 1 bedroom/1bath with its own storage and laundry rooms. Excellent condition throughout: hardwood floors, new water heaters, separate gas forced air heat, and central AC. Two car carport parking. Tenants pay their own gas and electricity. Below market rents on month to month leases.

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Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,I,N,S
  • Appliances Unit 2A,B,C,D,E,I,N,Q,S
Schools
  • Grade SchoolFranklin Elementary School
  • Grade School District64
  • Jr High/Middle SchoolEmerson Middle School
  • Jr High/Middle School District64
  • High SchoolMaine South High School
  • High School District207

Comparative Data

Zip Code Comparison: 60068

Listings in this Zip Code average: 3 to 4 units, and are priced at $449,000 to $0
This listing is 8% more than other 2 unit listings in this zipcode.


Calculated Rents
Rental Income : Annual $36,000 Monthly $3,000
Rental Income Stabilized : Annual $41,796 Monthly $3,483
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$425,0002$212,5003.76%11.810.82%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,000$3,483
Year Total$36,000$41,796
Expense
Total$20,021$20,021
Net Operating Income$15,979$21,775
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $-3,403 $5,143 $1,740
Stabilized         $5,143 $14,239 $19,382   $2,393 $5,143 $7,536
Custom         $5143 $14239 $19382   $2393 $5143 $7536




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1318,7501,6164211,1954211,1951,616
2318,3291,6164221,1948432,3893,232
3317,9071,6164241,1921,2673,5814,848
4317,4831,6164251,1911,6924,7726,464
5317,0581,6164271,1892,1195,9618,080
6316,6311,6164291,1872,5487,1489,696
7316,2021,6164301,1862,9788,33411,312
8315,7721,6164321,1843,4109,51812,928
9315,3401,6164331,1833,84310,70114,544
10314,9071,6164351,1814,27911,88116,160
11314,4711,6164371,1794,71513,06117,776
12314,0351,6164381,1785,15414,23819,392
13313,5961,6164401,1765,59415,41421,008

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