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4 Flat 5301 Newport Portage Park Chicago IL Mu In

City: CHICAGO ZIP: 60641

Built In: 1914

Lot Size: A

Lot Dimensions: 32 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 1: 2 bedrooms 1 baths $1150

Unit 3 Floor 2: 2 bedrooms 1 baths $1200

Unit 4 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $60,000

Detailed Listing Description

Great investment in Portage Park. Large legal brick 4-unit with full basement, perfect for the house hacker. The first floor units have been gut rehabbed with new kitchens, baths, & new stainless steel appliances. One of the units has its own furnace, while all units pay separate electric. The roof has been repaired & has a new layer installed. The building is fully leased with only one unit available for an owner-occupied buyer. Coin washer/dryer & storage rooms in the basement.

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
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,F,J
  • Appliances Unit 2A,B,F,J
  • Appliances Unit 3A,B,F,J
  • Appliances Unit 4A,B,F,J
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 15% more than other 4 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 14% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $58,200 Monthly $4,850
Rental Income Stabilized : Annual $59,424 Monthly $4,952
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,9004$162,4756.20%11.170.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,850$4,952
Year Total$58,200$59,424
Expense
Total$17,889$17,889
Net Operating Income$40,311$41,535
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $10,673 $7,864 $18,537
Stabilized         $7,864 $21,774 $29,638   $11,897 $7,864 $19,761
Custom         $7864 $21774 $29638   $11897 $7864 $19761




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,4252,4706421,8286421,8282,470
2486,7832,4706451,8251,2873,6534,940
3486,1382,4706471,8231,9345,4767,410
4485,4912,4706491,8212,5837,2979,880
5484,8422,4706521,8183,2359,11512,350
6484,1902,4706541,8163,88910,93114,820
7483,5362,4706571,8134,54612,74417,290
8482,8792,4706591,8115,20514,55519,760
9482,2202,4706621,8085,86716,36322,230
10481,5582,4706641,8066,53118,16924,700
11480,8942,4706671,8037,19819,97227,170
12480,2272,4706691,8017,86721,77329,640
13479,5582,4706721,7988,53823,57232,110

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Listing Agent: Luminita Ispas
Listing Office: Century 21 S.G.R., Inc.
1070 N Northwest Hwy Park Ridge

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