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2 Flat 4225 Melvina Portage Park Chicago IL Mu In

City: CHICAGO ZIP: 60634

Built In: 1916

Lot Size: A

Lot Dimensions: 30 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1400

Unit 2 Floor 2: 1 bedrooms 1 baths $1150

Detailed Listing Description

Well maintained 2-flat ready for new owners. This two-flat could easily be converted into a single family home or used for extended family. The 1st floor has a lovely updated kitchen complete with stainless appliances. There are 2 bedrooms, a living room, dining room, luxury bathroom and even a sun room off the kitchen. Upstairs there is a sweet 1 bedroom rental apartment. There is a living room, dining room and a walk-in closet/dressing area. The kitchen is large and it also has a sun room that can be used as a breakfast area. This property comes with an over sized 2 car detached garage with loft storage, but street parking is also very easy. New windows, a maintenance free deck and a large lot complete this great property. This home is close to schools, transportation, shopping and expressways. Don't miss out on this investment property!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,J,N,Q
  • Appliances Unit 2A,B,E,F,J,N
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 21% 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 13% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,600 Monthly $2,550
Rental Income Stabilized : Annual $30,504 Monthly $2,542
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,0002$199,5003.61%13.040.64%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,550$2,542
Year Total$30,600$30,504
Expense
Total$16,182$16,182
Net Operating Income$14,418$14,322
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4828 $13368 $18196 $1517
Total         $4,828 $13,368 $18,196   $-3,778 $4,828 $1,050
Stabilized         $4,828 $13,368 $18,196   $-3,874 $4,828 $954
Custom         $4828 $13368 $18196   $-3874 $4828 $954




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,2501,5173951,1223951,1221,517
2298,8551,5173961,1217912,2433,034
3298,4591,5173981,1191,1893,3624,551
4298,0611,5173991,1181,5884,4806,068
5297,6621,5174011,1161,9895,5967,585
6297,2611,5174021,1152,3916,7119,102
7296,8591,5174041,1132,7957,82410,619
8296,4551,5174051,1123,2008,93612,136
9296,0501,5174071,1103,60710,04613,653
10295,6431,5174081,1094,01511,15515,170
11295,2351,5174101,1074,42512,26216,687
12294,8251,5174111,1064,83713,36718,204
13294,4131,5174131,1045,25014,47119,721

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Listing Agent: Cathy Kozlarek
Listing Office: Coldwell Banker Residential
950 Michigan Ave #1 Evanston

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