This beautifully updated and very well maintained two-family home presents an excellent opportunity for rental income or multi-generational living. The property features a spacious 3-bedroom unit (3-BDRM rentals range from $2, 300-$3, 900 in this neighborhood as per MLS) and a 2-bedroom unit (2-BDRM rentals range from $2, 300-$3, 500 in this neighborhood as per MLS) AND with a fully finished basement with its own separate outside entrance. Boiler, Roof and Siding in great condition and all less than 10 years old. There is plenty of closet and storage space throughout the property. Nestled on a quiet, tree-lined street, the home provides a pleasant suburban feel while being surrounded by well-maintained multi-family residences. Conveniently located near multiple transit options, including buses and nearby subway lines, as well as Evergreen Park, Forest Park, and a variety of shops and restaurants all within walking distance. The rear of the property boasts a large, finished, detached two-car garage. This exceptional home is a fantastic opportunity for both homeowners and investors alike. Property will be delivered VACANT.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $981,600 | $981,600 | $981,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.110% | 5.932% |
| Monthly Tax Payment | $627 | $627 | $627 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,497 | $5,885 | $8,151 |
| Total Monthly Payment | $6,249 | $6,637 | $8,903 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.