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2 Flat 5234 Roscoe Chi Portage Park Chicago IL

City: CHICAGO ZIP: 60641

Built In: 1920

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1135

Unit 2 Floor 2: 2 bedrooms 1 baths $1350

Gross Income $3,235

Net Op. Income $27,820

Detailed Listing Description

Your investor (or client who wants to live in one unit and collect rent) needs to see this terrific investment opportunity in hot Portage Park. Two flat plus garden faces south on a great street, one block from school. Top floor was renovated in 2015 with granite/SS kitchen, hardwood floors, windows and a remodeled bath. Main Floor has newer cabinets and has been kept in excellent condition by the long term tenant. Additional monthly income bring received from the 3 bedroom in-law unit. Separate utilities with 3 gas/electric meters, updated plumbing and electrical, HVAC in both above grade units and tuckpointing. New coin operated W/D in bsmt for additional income, great backyard with 2 car garage and parking pad. The cap rate will keep getting better as rents increase in the area. Or duplex down to create a great owner's unit. Garden needs some cosmetic work to maximize rent.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces1
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
Appliances
  • Appliances Unit 1Refrigerator, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
Schools
  • Grade SchoolREINBERG ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolREINBERG ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolFOREMAN HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 12% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Portage Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $353,355 to $460,652
This listing is 19% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $29,820 Monthly $2,485
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$419,9002$209,9503.86%14.080.59%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,485$2,476
Year Total$29,820$29,712
Expense
Total$13,618$13,618
Net Operating Income$16,202$16,094
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5081 $14068 $19149 $1596
Total         $5,081 $14,068 $19,149   $-2,947 $5,081 $2,134
Stabilized         $5,081 $14,068 $19,149   $-3,055 $5,081 $2,026
Custom         $5081 $14068 $19149   $-3055 $5081 $2026




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1314,9251,5964151,1814151,1811,596
2314,5101,5964171,1798322,3603,192
3314,0931,5964181,1781,2503,5384,788
4313,6751,5964201,1761,6694,7156,384
5313,2561,5964211,1752,0915,8897,980
6312,8341,5964231,1732,5147,0629,576
7312,4111,5964241,1722,9388,23411,172
8311,9871,5964261,1703,3649,40412,768
9311,5611,5964281,1683,79210,57214,364
10311,1331,5964291,1674,22111,73915,960
11310,7041,5964311,1654,65212,90417,556
12310,2731,5964321,1645,08414,06819,152
13309,8411,5964341,1625,51815,23020,748

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Listing Agent: David Urbaniak
Listing Office: @properties Commercial
6579 N. Glenwood Ave #2 Chicago

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