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2 Flat 5112 Grace Portage Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60641

Built In: 1916

Lot Size: A

Lot Dimensions: 29X123

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

Turnkey investment or move right in and have help paying your mortgage! This recently renovated two-flat features a first-floor duplex down unit with hardwood floors and new tile and carpet on the lower level featuring a family room/3rd bedroom with second full bath and laundry room. The second floor offers a spacious 1BR/1BA unit with new carpeting. Central AC, and the electrical and plumbing has been upgraded. Generously sized backyard has new sod and a privacy fence. Located just a few blocks from 36 acre Portage Park which features an Olympic size pool, field house, ball fields, nature path, tennis courts, playground and more. Easy access to public transit, restaurants and shopping. Perfect for a live-in investor or multigenerational family.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1I
  • Tenant Pays Unit 2I
Appliances
  • Appliances Unit 1A,B,F,I,P,S,U
  • Appliances Unit 2A,B,F,I,U
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 1% 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 7% 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 $29,626 Monthly $2,469
Rental Income Stabilized : Annual $37,032 Monthly $3,086
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$379,0002$189,5003.44%12.790.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,469$3,086
Year Total$29,626$37,032
Expense
Total$16,606$16,606
Net Operating Income$13,020$20,426
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4586 $12698 $17284 $1441
Total         $4,586 $12,698 $17,284   $-4,264 $4,586 $322
Stabilized         $4,586 $12,698 $17,284   $3,142 $4,586 $7,728
Custom         $4586 $12698 $17284   $3142 $4586 $7728




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1284,2501,4413751,0663751,0661,441
2283,8751,4413761,0657522,1302,882
3283,4981,4413781,0631,1293,1944,323
4283,1211,4413791,0621,5094,2555,764
5282,7411,4413811,0601,8895,3167,205
6282,3611,4413821,0592,2726,3748,646
7281,9781,4413841,0572,6557,43210,087
8281,5951,4413851,0563,0408,48811,528
9281,2101,4413861,0553,4279,54212,969
10280,8231,4413881,0533,81510,59514,410
11280,4351,4413891,0524,20411,64715,851
12280,0461,4413911,0504,59512,69717,292
13279,6551,4413921,0494,98713,74618,733

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Listing Agent: Nancy Huetteman
Listing Office: Redfin Corporation
3525 N Oakley Chicago

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