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2 Flat 4711 Patterson Portage Park Chicago IL Mu

City: CHICAGO ZIP: 60641

Built In: 1957

Lot Size: L

Lot Dimensions: 4375

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Rarely does opportunity such as this arise in this sought after Kilbourn Park neighborhood! All brick exterior with 2 large spacious units, the basement is finished with additional bathroom and kitchen. Main floor unit features hardwood floors throughout, each unit offers large kitchen with eat in area, there is a 2 car detached garage, unlimited potential awaits! Live in one unit, rent the others out or rent then all out while equity soars! Either way this is a win win situation! The location could not be overlooked, dead end street limits traffic, train station within walking distance, 90/94 less than a mile from the home, the location is hard to beat, values are on the rise, this is your opportunity!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1O
  • 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 9% 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 4% 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
$339,9002$169,9502.39%14.300.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,981$2,476
Year Total$23,770$29,712
Expense
Total$15,660$15,660
Net Operating Income$8,110$14,052
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4113 $11388 $15501 $1292
Total         $4,113 $11,388 $15,501   $-7,391 $4,113 $-3,278
Stabilized         $4,113 $11,388 $15,501   $-1,449 $4,113 $2,664
Custom         $4113 $11388 $15501   $-1449 $4113 $2664




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1254,9251,2923369563369561,292
2254,5891,2923379556731,9112,584
3254,2521,2923399531,0122,8643,876
4253,9131,2923409521,3523,8165,168
5253,5731,2923419511,6934,7676,460
6253,2321,2923429502,0355,7177,752
7252,8901,2923449482,3796,6659,044
8252,5461,2923459472,7247,61210,336
9252,2011,2923469463,0708,55811,628
10251,8551,2923489443,4189,50212,920
11251,5071,2923499433,76610,44614,212
12251,1591,2923509424,11711,38715,504
13250,8081,2923519414,46812,32816,796

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Listing Agent: Ryan Smith
Listing Office: Re/Max Properties
Downers Grove

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