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2 Flat 5425 Hutchinson Chi Portage Park Chicago

City: CHICAGO ZIP: 60641

Built In: 1921

Lot Size: Less Than .25 Acre

Lot Dimensions: 125X30

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $N/A

Unit 2 Floor 2: 3 bedrooms 1 baths $N/A

Gross Income $

Net Op. Income $

Detailed Listing Description

True owner pride in this meticulous maintained large 2 Flat with in-law basement. Perfectly set location in Portage Park surrounded by single family homes. Half a block to Portage Elementary and one block to Portage Park and close to the Blue line. Park provides multi-amenities: indoor/outdoor pools, tennis courts, field house, and much more!!! Both units have separate living and dining rooms, Unit 1 has new kitchen w/ eating area. 1st fl unit has 2 brms, one room was taken out for eat in kitchen, 2nd fl unit has 3brms. Recent updates: 2014 newer sewer clean out, 2012 complete tear off roof, 2012 tuck pointed,2008 water heater, and 2018 chimney crown and cap.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces2.5
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade SchoolPORTAGE PARK ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • 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 31% 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 39% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,624 Monthly $2,552
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$490,0002$245,0003.82%16.000.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,552$2,571
Year Total$30,624$30,852
Expense
Total$11,898$11,898
Net Operating Income$18,726$18,954
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5929 $16417 $22346 $1863
Total         $5,929 $16,417 $22,346   $-3,620 $5,929 $2,309
Stabilized         $5,929 $16,417 $22,346   $-3,392 $5,929 $2,537
Custom         $5929 $16417 $22346   $-3392 $5929 $2537




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1367,5001,8634851,3784851,3781,863
2367,0151,8634871,3769722,7543,726
3366,5281,8634891,3741,4604,1295,589
4366,0401,8634901,3731,9505,5027,452
5365,5501,8634921,3712,4436,8729,315
6365,0571,8634941,3692,9378,24111,178
7364,5631,8634961,3673,4339,60813,041
8364,0671,8634981,3653,93010,97414,904
9363,5701,8635001,3634,43012,33716,767
10363,0701,8635011,3624,93113,69918,630
11362,5691,8635031,3605,43515,05820,493
12362,0651,8635051,3585,94016,41622,356
13361,5601,8635071,3566,44717,77224,219

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Listing Agent: Ryan Rahim
Listing Office: Re/Max Cityview
5338 Lunt Ave Skokie

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