2 Flat 873 Richmond West Town Chicago IL Mu Inves| Chicago Property Listings – X Plus Real Estate

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2 Flat 873 Richmond West Town Chicago IL Mu Inves

City: Chicago ZIP: 60622

Built In: 1905

Lot Size: A

Lot Dimensions: 3690 SQFT

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1400

Unit 2 Floor 2: 3 bedrooms 1 baths $1400

Detailed Listing Description

Brick legal 2 flat in popular East Humboldt Park! Short walk to everything that the California Corridor has to offer and a quick bus ride into downtown for work. Extra-wide lot means spacious apartments and larger-than-normal bedrooms. Top floor 3 bed/1 bath has been most recently utilized as a successful Airbnb and the first floor is an identical layout. Both are move-in ready now or you can add value by updating the kitchens and baths! The ground floor has an inlaw unit for extra space or cash flow, plus a utility room, storage, and shared laundry for tenants. Large parking pad in the back can fit 4+ cars with room for patio furniture in the summer. Great income property for a first-time buyer. Walking distance to the park, restaurants, shopping, and more!

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 Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 17% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 5% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $33,600 Monthly $2,800
Rental Income Stabilized : Annual $44,376 Monthly $3,698
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,800$3,698
Year Total$33,600$44,376
Net Operating Income$14,270$25,046
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7561 $20936 $28497 $2375
Total         $7,561 $20,936 $28,497   $-14,227 $7,561 $-6,666
Stabilized         $7,561 $20,936 $28,497   $-3,451 $7,561 $4,110
Custom         $7561 $20936 $28497   $-3451 $7561 $4110

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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