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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 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$174,9502.32%14.720.71%
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 $4234 $11723 $15957 $1330
Total         $4,234 $11,723 $15,957   $-7,847 $4,234 $-3,613
Stabilized         $4,234 $11,723 $15,957   $-1,905 $4,234 $2,329
Custom         $4234 $11723 $15957   $-1905 $4234 $2329




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

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