East Randolph Street » monthly assessment http://www.erandolph.com Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago Tue, 31 Jan 2012 19:05:55 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 The 2 bedrooms foreclosure at the 400 Randolph is still on the market http://www.erandolph.com/the-2-bedrooms-foreclosure-at-the-400-randolph-is-still-on-the-market/426 http://www.erandolph.com/the-2-bedrooms-foreclosure-at-the-400-randolph-is-still-on-the-market/426#comments Tue, 25 May 2010 14:29:36 +0000 http://www.erandolph.com/?p=426 The 2 bedrooms foreclosure unit 3802 at the 400 Randolph is still on the market after the price reduced to $264,900. This is a combined two bedrooms unit, from two junior one bedrooms unit. I have seen the unit, it does not look in a very bad condition, just need some door repair, clean the carpet, new paint, maybe some work in the kitchen cabinet, otherwise, it looks good.

If someone wants to buy investment, say they pay $250,000 to get this unit, with 25% down payment, their total mortgage will be around $187,500, monthly payment based on 5% interest of fixed 30 year for $1,008, the assessment is $773, the property tax is $3,476 for 12 months, so each month is $290 per month, so the total expenses should be $2,070. The two bedrooms in the building listed for rent at $2,200 per month, so let’s assume that you could get a renter of $2,000, still make it even, that means the renter would help you to pay off the mortgage!

]]> http://www.erandolph.com/the-2-bedrooms-foreclosure-at-the-400-randolph-is-still-on-the-market/426/feed 1 New Listing – 360 E Randolph St Unit 3507 http://www.erandolph.com/new-listing-360-e-randolph-st-unit-3507/67 http://www.erandolph.com/new-listing-360-e-randolph-st-unit-3507/67#comments Wed, 15 Apr 2009 20:27:20 +0000 http://www.erandolph.com/?p=67 The unit 3507 of the Buckingham is a two bedrooms unit, this unit is at the northeast corner. So it has views to the Lake shore East Park, the Navy Pier and also it has view to the lake shore drive and the lake too. This is a large two bedrooms unit, it has around 1,580 square feet. I have not get to show the unit yet, but I can tell that there are not so much upgrades in the unit. Although it looks pretty clean. The monthly assessment is a little high, since it is $1,080. The listing price is not bad for $599,000. So let me know if you are interested to take a look at this unit, we could see it together.

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