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3 Flat 5018 Irving Park Portage Park Chicago IL M

City: CHICAGO ZIP: 60641

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 30*125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1250

Unit 2 Floor 2: 2 bedrooms 1 baths $1250

Unit 3 Floor B: 2 bedrooms 1 baths $0

Gross Income $30

Detailed Listing Description

Fantastic investment property in a great neighborhood. Completely remodeled and updated 3 units all brick building with a beautiful backyard and 2.5 car garage. Great annual income with a cap rate of 7.15%. The building has newer roofing, and 3 forced air heating units with two AC units on the roof. Each floor is approximately 1,250 Sq. All separate utilities, 3 electric and 3 gas meters. Absolutely nothing to do. All units are 2 bedrooms one bathroom. The utility room and laundry room are located on the ground level. Walk to school, park, swimming pool. Great distance to Metra and Blue line train station. This is a great building for investors or owner occupied with potential rental income.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • 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,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator,
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 2% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,000 Monthly $2,500
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$470,0003$156,6673.13%15.670.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,500$2,476
Year Total$30,000$29,712
Expense
Total$15,272$15,272
Net Operating Income$14,728$14,440
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5687 $15747 $21434 $1787
Total         $5,687 $15,747 $21,434   $-6,706 $5,687 $-1,019
Stabilized         $5,687 $15,747 $21,434   $-6,994 $5,687 $-1,307
Custom         $5687 $15747 $21434   $-6994 $5687 $-1307




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1352,5001,7874651,3224651,3221,787
2352,0351,7874671,3209322,6423,574
3351,5681,7874691,3181,4013,9605,361
4351,0991,7874701,3171,8715,2777,148
5350,6291,7874721,3152,3436,5928,935
6350,1571,7874741,3132,8177,90510,722
7349,6831,7874761,3113,2939,21612,509
8349,2071,7874771,3103,77010,52614,296
9348,7301,7874791,3084,24911,83416,083
10348,2511,7874811,3064,73113,13917,870
11347,7691,7874831,3045,21314,44419,657
12347,2871,7874851,3025,69815,74621,444
13346,8021,7874861,3016,18517,04623,231

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Listing Agent: John Michaels
Listing Office: Coldwell Banker Residential
6714 N Talman Ave Chicago

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