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2 Flat 5038 Grace Portage Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60641

Built In: 1895

Lot Size: A

Lot Dimensions: 125X35

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Jumbo Charming Vintage 2-Unit, Great investment live in one and rent the other or use as investor. Units can also be duplexed up via 3rd floor or Basement to 1st floor to make two 4 bedrooms, 2 bath units. Extended lot size 125x35, High Ceilings, 2 Bedrooms on 2nd floor. Related living on 3rd floor. Bathrooms on each floor. New Roof, with enclosed porches on all 3 floors. Convenient to the All New Projects and Development in the Portage Park/6 Corners District. Tons of Shopping, Around the Corner from Historical Portage Park Theater, Public transportation (Cta and Metra), Minutes to O'Hare, Downtown Chicago via I-90 expressway, Chopin Park nearby, William P Gray Elementary School a block away. Don't miss out come and check it out for yourself. **SOLD-AS-IS**

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A
  • Appliances Unit 2O
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 13% 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 8% 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
$325,0002$162,5002.08%13.670.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,981$2,476
Year Total$23,770$29,712
Expense
Total$17,006$17,006
Net Operating Income$6,764$12,706
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3933 $10889 $14822 $1236
Total         $3,933 $10,889 $14,822   $-8,058 $3,933 $-4,125
Stabilized         $3,933 $10,889 $14,822   $-2,116 $3,933 $1,817
Custom         $3933 $10889 $14822   $-2116 $3933 $1817




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1243,7501,2363229143229141,236
2243,4281,2363239136451,8272,472
3243,1051,2363249129692,7393,708
4242,7811,2363269101,2953,6494,944
5242,4551,2363279091,6224,5586,180
6242,1281,2363289081,9505,4667,416
7241,8001,2363299072,2796,3738,652
8241,4711,2363309062,6107,2789,888
9241,1401,2363329042,9418,18311,124
10240,8091,2363339033,2749,08612,360
11240,4761,2363349023,6089,98813,596
12240,1421,2363359013,94410,88814,832
13239,8061,2363378994,28111,78716,068

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Listing Agent: Sonia Figueroa
Listing Office: eXp Realty
4429 S. Sacramento Chicago

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