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$339,900

For Sale - Active
1134 W Granville Ave Apt 820, Chicago, IL 60660
2 Beds
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 2008
For Sale - Active
160 Units
Checked: 17 hours ago
Updated: Jun 18, 2025 at 03:37AM

Investment Summary


Monthly Cash Flow
-$1,004
Cap Rate
2.7%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.9%

Property Description


0.00 Acres Lot
Built in 2008
For Sale - Active
160 Units

Beautiful & spacious 2 bedroom condo in Edgewater's popular 1134 W. Granville, complete with garage parking. Bright living room steps out to you private balcony, with a smidge of lake view and wide open expanse...summer fun awaits! Back inside, the living room connects to your eat-in kitchen with granite counters & stainless steel appliances. A king-sized primary bedroom fits all your furniture, and is conveniently located across from the large bathroom (double sinks, soaking tub. The split bedroom floorplan allows privacy, and the 2nd bedroom is perfect as home office or for guests. In-unit laundry, central air/heat and storage complete this home. Assessments include heat and gas. This newer, elevator building is a commuter's dream, located across from CTA Red Line & down the block from the Sheridan Rd Express Bus. Convenient to restaurants (Ann Sather, Pete's Pizza, Beard & Belly, to name a few favorites), Lickity Split Ice Cream, Loyola University, Whole Foods, Several Gyms (LA Fitness, PXM Crossfit), Target, Lake Michigan, Hollywood Beach, Varietele and Metropolis Coffee Shops....it's all here. Owner offering credit towards new carpet in bedrooms. New Windows in this professionally managed building, with strong reserves and rental friendly. Come home!

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener(s), 7 Foot or more high garage door, Garage, Garage On-Site
  • Details: Garage Door Opener, Garage, On Site, Attached
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 12
  • Basement Description: None

HOA

  • Has HOA: Yes
  • HOA Fee: $489/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 14052040291363
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2008

Tax Information

  • Annual Tax: $5,521

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Scott Curcio
Baird & Warner
(773) 697-5555

Source:
Midwest Real Estate Data (MRED)
MLS#: 12384424
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,004
Cap Rate
2.7%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.9%

Purchase Details

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Purchase price:
$339,900
Amount financed:
-$271,920
Down payment:
$67,980
Closing costs:
$10,197
Rehab costs:
$0
Initial cash invested:
$78,177
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$271,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,780
Property tax:
$460
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,415

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$460-$5,522
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (20%)
20%-$489-$5,868
Total operating expenses: (63%)
63%-$1,574-$18,890

Cash Flow


Monthly Yearly
Net operating income:
$776 $9,312
Mortgage payments:
-$1,780 -$21,360
Cash flow:
$1,004 $12,048