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4 Flat 5355 Leland Portage Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60630

Built In: U

Lot Size: B

Lot Dimensions: 38 X 126

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $900

Unit 2 Floor 1: 2 bedrooms 1 baths $1300

Unit 3 Floor 2: 1 bedrooms 1 baths $900

Unit 4 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $4,300

Detailed Listing Description

!!! WOW !!! THIS IS A VERY RARE OPORTUNITY TO OWN A VINTAGE FOUR FLAT BRICK BUILDING IN A GREAT LOCATION, CLOSE TO THE WILSON PARK, EXPRESSWAY, METRA STOP AND JEFFERSON PARK CTA STATION . VERY WELL CARED BRICK BUILDING FEATURING RECENT IMPROVEMENTS SUCH AS NEW ROOF(2017), NEW WINDOWS(2016) NEW TUCKPOINTING (2018). VERY LARGE UNITS WITH A VERY FUNCTIONAL FLOOR PLAN , HARDWOOD FLOORS , WOOD TRIMWORK AND SO MUCH MORE TO LIST. AMAZING OPPORTUNITY FOR THE LIVE IN OWNERS OR INVESTORS. RENTS ARE BELOW MARKET VALUE. PARKING IN REAR, A MUST SEE !!!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces1
  • ParkingG,S
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
  • Tenant Pays Unit 3B
  • Tenant Pays Unit 4B
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
  • Appliances Unit 4A,B
Schools
  • 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 2% more than other 4 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 3% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,600 Monthly $4,300
Rental Income Stabilized : Annual $58,440 Monthly $4,870
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$589,9004$147,4753.84%11.430.83%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,300$4,870
Year Total$51,600$58,440
Expense
Total$28,929$28,929
Net Operating Income$22,671$29,511
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7138 $19764 $26902 $2242
Total         $7,138 $19,764 $26,902   $-4,231 $7,138 $2,907
Stabilized         $7,138 $19,764 $26,902   $2,609 $7,138 $9,747
Custom         $7138 $19764 $26902   $2609 $7138 $9747




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1442,4252,2425831,6595831,6592,242
2441,8422,2425851,6571,1683,3164,484
3441,2572,2425871,6551,7554,9716,726
4440,6702,2425891,6532,3456,6238,968
5440,0802,2425921,6502,9368,27411,210
6439,4892,2425941,6483,5309,92213,452
7438,8952,2425961,6464,12711,56715,694
8438,2982,2425981,6444,72513,21117,936
9437,7002,2426011,6415,32614,85220,178
10437,0992,2426031,6395,92816,49222,420
11436,4972,2426051,6376,53418,12824,662
12435,8912,2426071,6357,14119,76326,904
13435,2842,2426101,6327,75121,39529,146

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Listing Agent: Adrian Mitocaru
Listing Office: Rexx Real Estate Inc.
8003 W Summerdale Chicago

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