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3 Flat 5428 Berteau Chi Portage Park Chicago IL

City: CHICAGO ZIP: 60641

Built In: 1922

Lot Size: Oversized Chicago Lot

Lot Dimensions: 42X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $1500

Unit 2 Floor 2: 3 bedrooms 1 baths $1400

Unit 3 Floor B: 2 bedrooms 1 baths $1000

Detailed Listing Description

Stately gigantic 2-flat available in desirable Portage Park. 1st floor unit offers 2000+ square feet of living. Large 1st floor unit rented for $1500/Month offers granite kitchen counters, ss appliances, island, 2 bath 3 bedrooms + office, hardwood floors and more. 2nd floor currently rented ($1400/month) and offers approx. 1800 sq ft. This solid brick building has a finished basement (bonus apartment) rented for $1000/month. Also, side driveway, 2 car brick garage, large yard and magnificent curb appeal. Directly across from the park!! Great for owner occupy while collecting rental income, or investor. Don't miss this rare opportunity to own this massive and elegant 2-flat.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Heated,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas, Parking,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas,
  • Appliances Unit 1Stove, Refrigerator, Microwave, Window Air Conditioner, Laundry Hook-Up, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator,
  • 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 48% more than other 3 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 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $46,800 Monthly $3,900
Rental Income Stabilized : Annual $51,996 Monthly $4,333
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,900$4,333
Year Total$46,800$51,996
Net Operating Income$28,998$34,194
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $7738 $21425 $29163 $2431
Total         $7,738 $21,425 $29,163   $-165 $7,738 $7,573
Stabilized         $7,738 $21,425 $29,163   $5,031 $7,738 $12,769
Custom         $7738 $21425 $29163   $5031 $7738 $12769

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Steve Lukic
Listing Office: Lukic and Company
3657N. Larmie Chicago

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