2 Flat 1633 Superior West Town Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 1633 Superior West Town Chicago IL Mu Inve

City: Chicago ZIP: 60622

Built In: 1888

Lot Size: L

Lot Dimensions: 24 X 120.50

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1800

Unit 2 Floor 2: 3 bedrooms 1 baths $1800

Detailed Listing Description

Calling all house hackers and investors! This charming, updated 2-flat in West Town/East Village is the perfect way to live in a great neighborhood without breaking the bank. Spacious 3 bed/1 bath layouts bring in great cash flow and have all the right updates while still leaving room for your finishing touches. Capital improvements to the building include adding central heat and AC, in-unit washer dryers, updated electric and plumbing, newer windows, and tuckpointing in 2014. Units are almost identical layouts with separate living, dining, and kitchens. Two of the bedrooms in each unit can comfortably fit queen beds and the third bedroom is perfect for your work-from-home office! Relax in your private backyard landscaped with a yard and beautiful patio. A two-car garage completes this property for your convenience or extra income. Unbelievable location, walking distance to Beatnik, Porto, Forbidden Root, and more! Walk or catch the bus to either the Division Blue Line, the Chicago Blu

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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,E,I
  • Appliances Unit 2A,B,C,D,E,I
  • 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 12% 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 0% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $43,200 Monthly $3,600
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$3,600$3,698
Year Total$43,200$44,376
Net Operating Income$22,301$23,477
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7259 $20099 $27358 $2280
Total         $7,259 $20,099 $27,358   $-5,057 $7,259 $2,202
Stabilized         $7,259 $20,099 $27,358   $-3,881 $7,259 $3,378
Custom         $7259 $20099 $27358   $-3881 $7259 $3378

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Weston Harding
Listing Office: Compass
3257 N Sheffield #101 Chicago

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