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$1,825,000

For Sale - Active
2632 N Talman Ave, Chicago, IL 60647
6 Beds
5 Baths
7,000 Square Feet
0.00 Acres Lot
Built in 2009
For Sale - Active
Units n/a
Checked: 43 minutes ago
Updated: Jun 27, 2025 at 03:42AM

Investment Summary


Monthly Cash Flow
-$4,691
Cap Rate
3.2%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-9.0%

Property Description


0.00 Acres Lot
Built in 2009
For Sale - Active
Units n/a

HUGE PRICE REDUCTION!! LOGAN SQUARE! Introducing this remarkable 6-bedroom all-masonry residence, located just steps from Logan Boulevard. Nestled in the vibrant heart of Logan Square, this 7,000-square-foot home provides unmatched access to top-tier restaurants, microbreweries, and shops, as well as easy connections to highways and public transit. The home is also within walking distance to Brentano Elementary School and St. John Berchmans School, making it an ideal choice for families seeking excellent local education options. This EXTRA WIDE (28 FEET WIDE`) property showcases an open-concept main floor featuring formal living and dining rooms, enhanced by elegant coffered ceilings and hardwood flooring throughout. The chef's kitchen is a true masterpiece, complete with premium stainless steel appliances (separate frig/freezer) a butler's pantry with wet bar, and a view of the spacious great room. On the second floor, generously sized bedrooms and closets accompany a lavish master suite, which includes a whirlpool tub, a multi-jet steam shower, and a spacious walk-in closet. For added convenience, a laundry room is also situated on this level. The fully finished basement, with impressive 10-foot ceilings, extends the living space-offering a recreation room, two additional bedrooms, and a sizable gym, all complemented by ample storage. Additional highlights include a central vacuum system, wood-burning fireplaces, an expansive rooftop deck with an adjoining recreational or office room, a large backyard, and a 2.5-car garage. This residence embodies luxury, comfort, and sophistication in one of Chicago's most sought-after neighborhoods. Seize the opportunity to make this exceptional property your home. Vacant, easy to show. Impressive home!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 2
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 3
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Finished, Exterior Entry, Other, Full, Daylight
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Concrete Perimeter
  • Roof Material: Rubber

Land Information

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

Lot Information

  • Parcel ID: 1325410017
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2009

Tax Information

  • Annual Tax: $23,927

Utilities

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

Location

  • County: Cook

Listing Details


Listed by:
Luis Saldana
Dwell
(773) 716-9007

Source:
Midwest Real Estate Data (MRED)
MLS#: 12404168
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$4,691
Cap Rate
3.2%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$1,825,000
Amount financed:
-$1,460,000
Down payment:
$365,000
Closing costs:
$54,750
Rehab costs:
$0
Initial cash invested:
$419,750
Square feet:
7,000
Cost per square foot:
$261
Monthly rent per square foot:
$1.41

Financing Details

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Loan amount:
$1,460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$9,528
Property tax:
$1,994
Insurance:
$693
Private mortgage insurance (PMI):
$0
Monthly payment:
$12,215

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,900 $118,800
Vacancy loss: (6%)
6% -$594 -$7,128
Operating income:
$9,306 $111,672

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$1,994-$23,927
Insurance: (7%)
7%-$693-$8,316
Property management: (8%)
8%-$792-$9,504
Repairs & maintenance: (5%)
5%-$495-$5,940
Capital expenditures: (5%)
5%-$495-$5,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$4,469-$53,627

Cash Flow


Monthly Yearly
Net operating income:
$4,837 $58,044
Mortgage payments:
-$9,528 -$114,336
Cash flow:
$4,691 $56,292