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2 Flat 5426 Windsor Portage Park Chicago IL Mu In

City: CHICAGO ZIP: 60630

Built In: 1907

Lot Size: B

Lot Dimensions: 44.5 X 246

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Large, south facing 2 flat on GIANT SIZED LOT in convenient north Portage Park location. Easy access to Jeff Park train/bus station, Montrose Metra, 90/94, Milwaukee Ave, Wilson Park, Starbucks and Jewel at Central/Lawrence. Incredibly deep and wide lot (246 feet deep by 44.5 feet wide) with side drive leading to concrete parking pad + extra parking behind building. Alley in back of the property - could build a new garage or add parking pad there and then use driveway as a side yard. Units are spacious, have high ceilings, are easy to rent and rents are rising in the area. Second floor has office/den - could easily be made into third bedroom by adding a closet. Tall attic offers duplex opportunity. Kitchens have pantry, eat in area. Building has updated copper plumbing plus new front railings and front and back doors. Perfect for a live in owner + income unit or rent out both. Basement has storage and laundry areas with utilities separated for each unit - 2 washers/dryers included

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,S
  • Appliances Unit 2A,B,C,D,E,S
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 3% 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 6% 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 $28,416 Monthly $2,368
Rental Income Stabilized : Annual $35,520 Monthly $2,960
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$374,9002$187,4502.70%13.190.79%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,368$2,960
Year Total$28,416$35,520
Expense
Total$18,291$18,291
Net Operating Income$10,125$17,229
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4536 $12561 $17097 $1425
Total         $4,536 $12,561 $17,097   $-6,972 $4,536 $-2,436
Stabilized         $4,536 $12,561 $17,097   $132 $4,536 $4,668
Custom         $4536 $12561 $17097   $132 $4536 $4668




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1281,1751,4253711,0543711,0541,425
2280,8041,4253721,0537432,1072,850
3280,4321,4253731,0521,1163,1594,275
4280,0591,4253751,0501,4914,2095,700
5279,6841,4253761,0491,8675,2587,125
6279,3081,4253781,0472,2456,3058,550
7278,9301,4253791,0462,6247,3519,975
8278,5511,4253801,0453,0048,39611,400
9278,1711,4253821,0433,3869,43912,825
10277,7891,4253831,0423,76910,48114,250
11277,4061,4253851,0404,15411,52115,675
12277,0211,4253861,0394,54012,56017,100
13276,6351,4253881,0374,92813,59718,525

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Listing Agent: Ralph Deangelis
Listing Office: McHugh Development & Construction INC
267 Churchill Clarendon Hills

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