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2 Flat 5923 Eastwood Portage Park Chicago IL Mu I

City: CHICAGO ZIP: 60630

Built In: U

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 5: 2 bedrooms 1 baths $925

Unit 2 Floor 5: 2 bedrooms 1 baths $945

Gross Income $2,595

Detailed Listing Description

PRICE JUST REDUCED BY $25,000! The property will be a SHORT SALE. Please come take a look at this (( CERTIFIED LEGAL (2) unit )) in the heart of PORTAGE PARK. These units are much larger than they look on paper. This would be a great investment opportunity for someone that wanted to live in one of the units and collect rent on the two others. The property was purchased by my client in 2006 and they updated the furnaces, HVAC, Plumbing & Electric at that time. They redid the siding and windows in 2008. We are estimating the age of the roof to be at least 10+ years old. The current rent roll is as follows and again this is a (( CERTIFIED LEGAL (2) unit )) : First floor rent is at $925 and the second floor is at $945. They are all month to month leases. Please come take a look at the property ASAP as this will not last! PLEASE SEE BELOW FOR SHOWING DAYS & TIMES...

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F,I
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60630

Listings in this Zip Code average: 2 to 3 units, and are priced at $387,305 to $445,558
This listing is 16% 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 8% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $22,440 Monthly $1,870
Rental Income Stabilized : Annual $22,440 Monthly $1,870
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,870$1,870
Year Total$22,440$22,440
Net Operating Income$5,172$5,172
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $3933 $10889 $14822 $1236
Total         $3,933 $10,889 $14,822   $-9,650 $3,933 $-5,717
Stabilized         $3,933 $10,889 $14,822   $-9,650 $3,933 $-5,717
Custom         $3933 $10889 $14822   $-9650 $3933 $-5717

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: David Mishel
Listing Office: Dream Town Realty
3314 N.Oakley Ave Ste# 2 Chicago

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