4 Flat 3701 Diversey Logan Square Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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4 Flat 3701 Diversey Logan Square Chicago IL Mu I

City: Chicago ZIP: 60647

Built In: 2020

Lot Size: A

Lot Dimensions: 25.43 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 1: 2 bedrooms 1 baths $2000

Unit 3 Floor 2: 4 bedrooms 3 baths $3500

Unit 4 Floor 2: 4 bedrooms 3 baths $3500

Detailed Listing Description

NEWLY BUILT in 2020! Large, brand new construction 4 flat investment property in Logan Square! All units feature white quartz countertops, brand new stainless steel appliances, in unit washer/dryer, plenty of closet space, and durable wood-look vinyl plank flooring. Truly a turnkey investment property! Great unit mix for the owner-occupant "house hacker" or armchair investor: two 2 bed/1 bath units and two spacious 4 bed/3 bath units to bring in top rents and cash flow. Parking pad behind the building for up to 3 cars and easy access to 90/94 for commuters. Location is perfect on the border of Logan Square and Avondale, walk less than a mile to the best of both neighborhoods! Or, in inclement weather, catch the 76 Diversey bus right in front of the property and you'll be dropped off at the steps to the Logan Square Blue Line. This property is an unbelievable 8 cap at the asking price!

Contact Listing Agent

Weston Harding

Weston Harding

Team Founder

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,C,D,E,F,I
  • Appliances Unit 4A,B,C,D,E,F,I
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 14% more than other 4 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 1% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $132,000 Monthly $11,000
Rental Income Stabilized : Annual $120,720 Monthly $10,060
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,299,9004$324,9758.38%9.850.77%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$11,000$10,060
Year Total$132,000$120,720
Expense
Total$23,119$23,119
Net Operating Income$108,881$97,601
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15728 $43550 $59278 $4940
Total         $15,728 $43,550 $59,278   $49,603 $15,728 $65,331
Stabilized         $15,728 $43,550 $59,278   $38,323 $15,728 $54,051
Custom         $15728 $43550 $59278   $38323 $15728 $54051




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1974,9254,9401,2843,6561,2843,6564,940
2973,6414,9401,2893,6512,5737,3079,880
3972,3524,9401,2943,6463,86710,95314,820
4971,0584,9401,2993,6415,16514,59519,760
5969,7604,9401,3033,6376,46818,23224,700
6968,4574,9401,3083,6327,77721,86329,640
7967,1484,9401,3133,6279,09025,49034,580
8965,8354,9401,3183,62210,40829,11239,520
9964,5174,9401,3233,61711,73132,72944,460
10963,1944,9401,3283,61213,05936,34149,400
11961,8664,9401,3333,60714,39239,94854,340
12960,5334,9401,3383,60215,73043,55059,280
13959,1954,9401,3433,59717,07347,14764,220

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