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2 Flat 5421 Neenah Garfield Ridge Chicago IL Mu I

City: CHICAGO ZIP: 60638

Built In: 1921

Lot Size: Oversized Chicago Lot

Lot Dimensions: 35 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1015

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

This rare two-flat with side drive is located in heart of Garfield Ridge. Newly remodeled kitchen and bathroom in owner's unit with a usable enclosed front porch.Showcases a spacious living rm, dining rm and large eat-in kitchen. The 2nd floor has an oversized dining area with hardwood floors in living room and bedrooms. Big yard with 2.5 car garage with overhead party door leading into the yard.

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2.5
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60638

Listings in this Zip Code average: 2 to 3 units, and are priced at $266,241 to $391,400
This listing is 10% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Garfield Ridge

Listings in this Neighborhood average: 3 to 4 units, with average prices of $390,880 to $0
This listing is 12% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $12,180 Monthly $1,015
Rental Income Stabilized : Annual $12,180 Monthly $1,015
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,015$1,015
Year Total$12,180$12,180
Net Operating Income$-399$-399
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $2903 $8038 $10941 $912
Total         $2,903 $8,038 $10,941   $-11,340 $2,903 $-8,437
Stabilized         $2,903 $8,038 $10,941   $-11,340 $2,903 $-8,437
Custom         $2903 $8038 $10941   $-11340 $2903 $-8437

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Joseph Niego
Listing Office: Niego Real Estate
6625 W. Archer Chicago

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