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2 Flat 5154 Montrose Portage Park Chicago IL Mu I

City: CHICAGO ZIP: 60641

Built In: 1923

Lot Size: Less Than .25 Acre

Lot Dimensions: 35X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

ESTATE SALE. Extra Wide Brick 2 Flat, 2988 square feet, on Oversized lot in Portage Park. Ready for your updating Ideas! Spacious 2 Bedroom + Tandem Nursery/Office units on each floor have generous room sizes, Separate Formal Living & Dining Rooms and original vintage details thru-out. Brick Decorative Fireplaces, Oak Hardwood floors, Tall Ceilings and Original Subway tile Bathrooms. Newer roof in 2008, Hotwater Heater and Boiler 2013, Washer 2016, Updated Circuit Breaker Panels. Oversized 2 Car Brick Garage with separate overhead doors. Walk to Metra/Blue Line. This Building has been Owner Occupied for the last 40+ years, has Good Bones, but in need of updating thru-out. Sold "As Is".

Additional Property Details

Garage & Parking
  • Gargage DetailsTransmitter(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,
  • Tenant Pays Unit 2Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, 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 7% 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 1% 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 $23,770 Monthly $1,981
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$349,9002$174,9504.36%14.720.71%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,981$2,476
Year Total$23,770$29,712
Expense
Total$8,519$8,519
Net Operating Income$15,251$21,193
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4234 $11723 $15957 $1330
Total         $4,234 $11,723 $15,957   $-706 $4,234 $3,528
Stabilized         $4,234 $11,723 $15,957   $5,236 $4,234 $9,470
Custom         $4234 $11723 $15957   $5236 $4234 $9470




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1262,4251,3303469843469841,330
2262,0791,3303479836931,9672,660
3261,7321,3303499811,0422,9483,990
4261,3831,3303509801,3913,9295,320
5261,0341,3303519791,7434,9076,650
6260,6821,3303529782,0955,8857,980
7260,3301,3303549762,4496,8619,310
8259,9761,3303559752,8047,83610,640
9259,6211,3303569743,1608,81011,970
10259,2651,3303589723,5189,78213,300
11258,9071,3303599713,87710,75314,630
12258,5481,3303609704,23811,72215,960
13258,1871,3303629684,59912,69117,290

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Humboldt ParkNearby Neighborhoods X Plus Real Estate

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Listing Agent: Marti Corcoran
Listing Office: Coldwell Banker Residential
6733 Edgebrook Terr Chicago

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