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- MLS#10959615
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Logan Square
- NeighborhoodLogan Square
- Zip60647
- Style
- Year Built1900
- Taxes9774
- Price$ 579,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2450
- Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Chicago Real Estate Resources
Property Description
Do the math... 23% ROI (continue reading to the end for additional financial analysis). Ideal property for live-in owner or investor to get a great deal for a renovated turnkey building featuring a large duplex down (3) bedroom (2) bathroom unit and a (2) bedroom unit on the second floor. The large duplex down is currently available for a live-in owner. Don't miss this opportunity to acquire a prime income-producing property at historically low-interest rates in a rapidly appreciating area. Both units are condo quality offering: in-unit laundry, modern kitchens, luxurious bathrooms with radiant floor heat, hardwood floors, and outdoor space. The tranquil landscaped backyard offers mature trees, a patio, and low maintenance slate hardscaping. The property also includes a two-car garage. Instant highway access, while still allowing an easy walk to Bucktown's best shopping, restaurants, and public transportation. Income of $4,350/month with expenses of only $2,934/ month (expenses assumptions: 20% down payment, 3% interest rate, 30-year term, Taxes $9,774 & insurance $2,000 annually). 23% ROI analysis... Annual cash flow $16,992 + year one principal paydown of $9,670 = year one total return of $26,662... 23% ROI on 20% down payment ($115,800).
Price History | |
---|---|
12/29/2020 | Listed $579,000 |
General Features
Architectural Style | Other |
---|---|
Community Features | Park, Curbs, Sidewalks, Street Lights, Street Paved |
Contingency | Attorney/Inspection |
Elementary School District | 299 |
Heating | Natural Gas, Forced Air |
High School District | 299 |
Middle/Junior School District | 299 |
New Construction | No |
Property Type | Residential Income |
Property Type | Two to Four Units |
Sewer | Public Sewer, Sewer-Storm |
Standard Status | Active Under Contract |
Subdivision Name | Logan Square |
Zoning | MULTI |
Interior Features
Basement | Finished, Exterior Access |
---|---|
Basement | Full, Walkout |
Bedroomspossible | 5 |
Full Baths Building | 3 |
Full Baths Unit 1 | 2 |
Full Baths Unit 2 | 1 |
Total Baths | 3 |
Total Bedrooms | 5 |
Exterior Features
Exterior | Brick |
---|---|
Garage Onsite | Yes |
Garage Ownership | Owned |
Garage Type | Detached |
Lot Dimensions | 24 X 100 |
Water Source | Lake Michigan, Public |
Room Details
Room | Dimensions | Level | Flooring | Details |
---|---|---|---|---|
Dining Room | ||||
Family Room | ||||
Living Room | ||||
Master Bedroom |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool