3 Flat 2817 Harding Avondale Chicago IL Mu Invest| Chicago Property Listings – X Plus Real Estate

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3 Flat 2817 Harding Avondale Chicago IL Mu Invest

City: Chicago ZIP: 60618

Built In: 1906

Lot Size: A

Lot Dimensions: 25X127

# of Units: 3

Unit 1 Floor G: 2 bedrooms 1 baths $1500

Unit 2 Floor 1: 2 bedrooms 1 baths $1700

Unit 3 Floor 2: 2 bedrooms 1 baths $1750

Detailed Listing Description

Thoughtfully constructed brand new gut rehab 3 unit plus bonus attic studio in Avondale offered at a 6.5 cap! Unit mix consists of three gorgeous 2 bed, 1 bath apartments all outfitted with in-unit laundry, white quartz countertops and stainless steel appliances, new hardwood floors, new windows, central heat/ac, and subway tile bathrooms! 5-minute walk to Cermak Fresh Produce, Binny's, and more! 15 min walk to the Blue Line or hop on the Diversey bus at the end of the block and be dropped off in 10 minutes at the Logan Square Blue Line stop. Top two floors are completed and being advertised for rent, bottom two floors scheduled to be completed July 30th. Planning to live here and house hack? Ask about obtaining a 10% down payment 30 year fixed mortgage available only to owner-occupants!

Contact Listing Agent

Weston Harding

Weston Harding

Team Founder

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1C,D
  • Tenant Pays Unit 2C,D,E
  • Tenant Pays Unit 3E,I
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
  • Appliances Unit 3A,B,C,D,E
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 28% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Avondale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $441,242 to $496,207
This listing is 51% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $59,400 Monthly $4,950
Rental Income Stabilized : Annual $51,300 Monthly $4,275
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$749,9003$249,9674.95%12.620.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,950$4,275
Year Total$59,400$51,300
Expense
Total$22,261$22,261
Net Operating Income$37,139$29,039
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9074 $25124 $34198 $2850
Total         $9,074 $25,124 $34,198   $2,941 $9,074 $12,015
Stabilized         $9,074 $25,124 $34,198   $-5,159 $9,074 $3,915
Custom         $9074 $25124 $34198   $-5159 $9074 $3915




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,4252,8507412,1097412,1092,850
2561,6842,8507442,1061,4854,2155,700
3560,9402,8507462,1042,2316,3198,550
4560,1942,8507492,1012,9808,42011,400
5559,4452,8507522,0983,73210,51814,250
6558,6932,8507552,0954,48712,61317,100
7557,9382,8507582,0925,24514,70519,950
8557,1802,8507612,0896,00616,79422,800
9556,4192,8507632,0876,76918,88125,650
10555,6562,8507662,0847,53520,96528,500
11554,8902,8507692,0818,30523,04531,350
12554,1202,8507722,0789,07725,12334,200
13553,3482,8507752,0759,85227,19837,050

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