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$335,000

Under Contract
2627 W 24th Pl, Chicago, IL 60608
3 Beds
3 Baths
1,568 Square Feet
0.00 Acres Lot
Built in 2006
Under Contract
Units n/a
Checked: 13 hours ago
Updated: Jun 25, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
$18
Cap Rate
5.7%
Cash-on-Cash Return
0.3%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.3%

Property Description


0.00 Acres Lot
Built in 2006
Under Contract
Units n/a

Presenting a contemporary residence ideally situated just minutes from I-55, the vibrant Pilsen neighborhood, and a variety of shopping destinations. This thoughtfully 3 bed, 2.5 baths well designed home offers three levels of well-appointed living space, providing both comfort and functionality. The main level features recessed lighting and a spacious living room, ideal for entertaining guests or relaxing with family. The expansive kitchen is equipped with abundant cabinetry and drawer space, complemented by elegant granite countertops-perfect for both everyday use and hosting gatherings. Ascend the staircase to find an impressive primary bedroom, complete with soaring cathedral ceilings and large windows that allow for an abundance of natural light. The shared full bathroom conveniently connects two bedrooms and is designed for ease of use, with a separate shower and toilet area, as well as dual sinks. Ceiling fans are installed in nearly every room, ensuring optimal airflow and comfort throughout the home. The fully finished basement extends the full length of the property and includes a custom-built dry bar offering additional space for entertainment or relaxation. Separate laundry, utility, and storage rooms provide practicality. This lower level also offers fully renovated elegant full bath. This property has to much to mention. Property has been well maintained but is being sold As-is

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Location


Property Details


Parking

  • Description: Assigned Spaces, Off Street, Space/s, Parking On-Site
  • Details: Assigned, Off Street, On Site
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Daylight

Exterior Features

  • Exterior Walls Materials: Wood

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1625218052
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2006

Tax Information

  • Annual Tax: $3,942

Utilities

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cook

Listing Details


Listed by:
Juan Torres
Pearson Realty Group
(773) 344-2461

Source:
Midwest Real Estate Data (MRED)
MLS#: 12388991
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$18
Cap Rate
5.7%
Cash-on-Cash Return
0.3%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.3%

Purchase Details

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Purchase price:
$335,000
Amount financed:
-$268,000
Down payment:
$67,000
Closing costs:
$10,050
Rehab costs:
$0
Initial cash invested:
$77,050
Square feet:
1,568
Cost per square foot:
$214
Monthly rent per square foot:
$1.79

Financing Details

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Loan amount:
$268,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,585
Property tax:
$329
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,110

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$329-$3,942
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,029-$12,342

Cash Flow


Monthly Yearly
Net operating income:
$1,603 $19,236
Mortgage payments:
-$1,585 -$19,020
Cash flow:
$18 $216