4 Flat 2168 Talman Logan Square Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 2168 Talman Logan Square Chicago IL Mu Inv

City: Chicago ZIP: 60647

Built In: 1890

Lot Size: A

Lot Dimensions: 115X88X74

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $830

Unit 2 Floor 1: 2 bedrooms 1 baths $880

Unit 3 Floor 2: 2 bedrooms 1 baths $750

Unit 4 Floor 2: 2 bedrooms 1 baths $880

Detailed Listing Description

Looking for a project in one of the hottest neighborhoods in Chicago? This is the one! Masonry 4 unit with a bonus bsmt ready for renovation. Property has been in the family for over 30+years. All units consist of 2bd/1bth with separate living/dining rooms. Bedrooms are massive and fit king size beds and dressers. All separate utilities. Newer deck. Basement has 11" ft ceiling ready to duplex down into an owner's unit or keep as a unit for extra income. One parking pad in rear. All tenants are MTM. Market rents for renovated 2beds in the neighborhood range around $2,300+. 3bd/2bth duplexes $3,400+. Location is amazing, 2 blocks from the California Blue Line, all the new restaurants on Milwaukee Ave, Palmer Square, Breweries, coffee shops and so much more! Sold As-Is.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
  • 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 21% 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 32% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $40,080 Monthly $3,340
Rental Income Stabilized : Annual $76,872 Monthly $6,406
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,340$6,406
Year Total$40,080$76,872
Net Operating Income$10,359$47,151
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10889 $30149 $41038 $3420
Total         $10,889 $30,149 $41,038   $-30,679 $10,889 $-19,790
Stabilized         $10,889 $30,149 $41,038   $6,113 $10,889 $17,002
Custom         $10889 $30149 $41038   $6113 $10889 $17002

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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

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