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3 Flat 4824 Byron Portage Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60641

Built In: 1901

Lot Size: Less Than .25 Acre

Lot Dimensions: 3075 SQ. FT.

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $800

Unit 2 Floor 2: 2 bedrooms 1 baths $1300

Unit 3 Floor 3: 3 bedrooms 1 baths $0

Detailed Listing Description

Portage Park legal 3 unit building! Rehabbed in 2012 this is a easy building with great long term tenants. Top floor 3 bedroom + sunroom with new hardwood floors in 2015 and brand new kitchen with Quartz counters and SS Appliances. Second floor 2 bedroom with lots of light, long term tenants. First floor unit is legal and just a few steps below grade and is a 1 bedroom unit. Shared laundry. Great back yard with 2 car garage. Long term tenants with below market rents. Owner pays heat ($1700 / yr). Agent owned. 5% Down Eligible. House Hack this great building!!

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,
  • Tenant Pays Unit 2Electric, Gas, Parking,
  • Tenant Pays Unit 3Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher,
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 8% 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 13% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $25,200 Monthly $2,100
Rental Income Stabilized : Annual $46,176 Monthly $3,848
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,9993$133,3331.68%15.870.96%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,100$3,848
Year Total$25,200$46,176
Expense
Total$18,476$18,476
Net Operating Income$6,724$27,700
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4840 $13401 $18241 $1521
Total         $4,840 $13,401 $18,241   $-11,517 $4,840 $-6,677
Stabilized         $4,840 $13,401 $18,241   $9,459 $4,840 $14,299
Custom         $4840 $13401 $18241   $9459 $4840 $14299




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1300,0001,5213961,1253961,1251,521
2299,6041,5213971,1247932,2493,042
3299,2071,5213991,1221,1923,3714,563
4298,8081,5214001,1211,5934,4916,084
5298,4071,5214021,1191,9955,6107,605
6298,0051,5214031,1182,3986,7289,126
7297,6021,5214051,1162,8037,84410,647
8297,1971,5214071,1143,2108,95812,168
9296,7901,5214081,1133,61810,07113,689
10296,3821,5214101,1114,02711,18315,210
11295,9731,5214111,1104,43912,29216,731
12295,5611,5214131,1084,85113,40118,252
13295,1491,5214141,1075,26514,50819,773

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Listing Agent: Brianna Schmidt
Listing Office: Second City Real Estate
3835 N. Western Ave Chicago

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