3 Flat 5055 Warwick Portage Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 5055 Warwick Portage Park Chicago IL Mu In

City: CHICAGO ZIP: 60641

Built In: 1988

Lot Size: K

Lot Dimensions: 42X125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $1200

Unit 2 Floor 2: 3 bedrooms 2 baths $1350

Unit 3 Floor G: 3 bedrooms 1 baths $0

Detailed Listing Description

BUILT IN 1988 ON OVERSIZED CHICAGO LOT in Desirable and popular Portage Park 2 flat with 3 bedroom and 1 bath in-law arrangement in basement. Completely updated, 1&2 units each have 3 BRS and 2 New Full Baths, hardwood floors on 2nd floor in every BR, Stainless Steel appliances, Granite counter-tops, Owned Coin operated Washer and Dryer, 3 Gas Meters, 3 Electric Boxes. Oversize 2 car Garage with concrete CARPORT. Newer electric, plumbing, tuck-pointing and brick work, sidewalks, windows, front door, door and interior. Portage park shopping, transportation, walking distance to Grayland Metra Train, easy access to expressway & walk to Six-Corners! Great neighborhood with restaurants (Sutherland's, Jeff's Red Hots, La Oaxaquena) and entertainment (Portage Theater, The Patio). Beautiful Portage Park for outside activities, fantastic for family or investment, clean and ready to move in!

Additional Property Details

Garage & Parking
  • Gargage DetailsC
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,E,I
  • Appliances Unit 2A,B,E,I
  • Appliances Unit 3B
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 29% more than other 3 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 21% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,600 Monthly $2,550
Rental Income Stabilized : Annual $75,144 Monthly $6,262
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$559,0003$186,3331.52%18.271.12%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,550$6,262
Year Total$30,600$75,144
Expense
Total$22,100$22,100
Net Operating Income$8,500$53,044
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6764 $18728 $25492 $2125
Total         $6,764 $18,728 $25,492   $-16,992 $6,764 $-10,228
Stabilized         $6,764 $18,728 $25,492   $27,552 $6,764 $34,316
Custom         $6764 $18728 $25492   $27552 $6764 $34316




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1419,2502,1255531,5725531,5722,125
2418,6972,1255551,5701,1083,1424,250
3418,1422,1255571,5681,6654,7106,375
4417,5852,1255591,5662,2246,2768,500
5417,0262,1255611,5642,7857,84010,625
6416,4652,1255631,5623,3489,40212,750
7415,9022,1255651,5603,91310,96214,875
8415,3372,1255671,5584,48112,51917,000
9414,7692,1255701,5555,05114,07419,125
10414,1992,1255721,5535,62215,62821,250
11413,6282,1255741,5516,19617,17923,375
12413,0542,1255761,5496,77218,72825,500
13412,4782,1255781,5477,35120,27427,625

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Listing Agent: Greg Koza
Listing Office: Plus Real Estate Services, Inc.
581 Salceda Ln. Mundelein

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