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2 Flat 5523 Cullom Chi Portage Park Chicago IL

City: CHICAGO ZIP: 60641

Built In: 1916

Lot Size: Oversized Chicago Lot

Lot Dimensions: 40 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

WOW! Check out the size of this property. Beautiful brick building on an oversize lot with side drive and a big brick garage with face brick to match the house. Looks like a single family home from the front but there are 2 large apartments. Both spacious units have large living and formal dining rooms. Big cabinet kitchens were updated years ago and very nice. Both ceramic tiled baths same as kitchens updated a while back and very nice. 2 bedrooms and a den on the first floor upstairs has 3 bedrooms. Hardwood floors under the carpeting. Full finished basement with a large party room with bar and half a bath. Separate utilty and workshop plus a large separate laundry room and tons of storgae space. Each apartment has it's own GHW boiler and seperate hot water tanks. Electric on circuit breakers. Room sizes: 1st flr: LR 19x14, DR 15x14, Kit 13x10, BR 13x11, Br 12x12 Den 18x7. 2nd flr: LR18x15 ,DR 16x13, Kit 14x12, BRs 13x13,12x10,14x8. Bsmt party room 36x13. This is a nice place!

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • 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, Washer, Dryer, Dishwasher, Window Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Window Air Conditioner, Laundry Hook-Up, Hardwood Floors,
Schools
  • 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 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.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $24,682 Monthly $2,057
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$419,9002$209,9504.04%17.010.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,057$2,571
Year Total$24,682$30,852
Expense
Total$7,697$7,697
Net Operating Income$16,985$23,155
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   $-2,164 $5,081 $2,917
Stabilized         $5,081 $14,068 $19,149   $4,006 $5,081 $9,087
Custom         $5081 $14068 $19149   $4006 $5081 $9087




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: Norbert Mika
Listing Office: Coldwell Banker Residential
602 W. Victoria Arlington Heights

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