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$185,000

For Sale - Active
1762 W Highland Ave Apt 104, Chicago, IL 60660
1 Bed
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 17, 2025 at 06:49AM

Investment Summary


Monthly Cash Flow
-$188
Cap Rate
4.5%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.1%

Property Description


0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a

Don't miss out on this spacious one-bedroom condo with on-site parking in a remarkably well-maintained and managed building. This Edgewater Glen unit features an oversized living/dining room, a huge eat-in kitchen, and a roomy bedroom with plenty of closet space. Low assessments include heat and gas. Laundry, bike storage, and a dedicated storage unit are all located in the basement. Located in a neighborhood with easy access to restaurants, shopping, parks, the lakefront, and not far from charming Andersonville. Public transportation galore - just a couple of blocks from the new Peterson/Ridge Metra Station, less than a mile to the CTA Red line, and close to several CTA bus routes.

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Location


Property Details


Parking

  • Details: Assigned, On Site, Other
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 3
  • Basement Description: None

HOA

  • Has HOA: Yes
  • HOA Fee: $274/monthly

Land Information

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

Lot Information

  • Parcel ID: 14062020241004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1976

Tax Information

  • Annual Tax: $3,375

Utilities

  • Heating: Radiant
  • Cooling: Ceiling Fan(s), Window Unit(s)

Location

  • County: Cook

Listing Details


Listed by:
Nancy Huetteman
Redfin Corporation
(312) 836-4263

Source:
Midwest Real Estate Data (MRED)
MLS#: 12417572
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$188
Cap Rate
4.5%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.1%

Purchase Details

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Purchase price:
$185,000
Amount financed:
-$148,000
Down payment:
$37,000
Closing costs:
$5,550
Rehab costs:
$0
Initial cash invested:
$42,550
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$148,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$875
Property tax:
$281
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,282

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$281-$3,376
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (15%)
15%-$274-$3,288
Total operating expenses: (56%)
56%-$1,005-$12,064

Cash Flow


Monthly Yearly
Net operating income:
$687 $8,244
Mortgage payments:
-$875 -$10,500
Cash flow:
$188 $2,256