2 Flat 5723 Windsor Portage Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 5723 Windsor Portage Park Chicago IL Mu In

City: Chicago ZIP: 60630

Built In: 1906

Lot Size: A

Lot Dimensions: 4,462 SF

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

These numbers make sense on this multi-unit! You can utilize FHA financing with a 3.5% down payment and practically live for free while you continue renting the other unit or you can buy it as an investment property and start making money on day one. The first floor unit features two (2) bedrooms and it is already rented for $1,500 per month through May 30, 2020. Your loan officer can use the existing lease as additional income on your loan application as long as the appraiser confirms it on his or her rental schedule, which makes qualifying for this purchase even easier for you! Then live in the second floor, one (1) bedroom unit or rent it for $1,000 per month. As a full rental, your monthly cash flow is $2,500 per month or $30,000 per year. Please keep in mind that you cannot put a garage on this property but there is ample street parking. This is a great investment! Very low taxes! A must see.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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
  • Appliances Unit 2A,B
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 36% 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 30% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $18,000 Monthly $1,500
Rental Income Stabilized : Annual $30,840 Monthly $2,570
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$249,0002$124,5002.32%13.831.03%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,500$2,570
Year Total$18,000$30,840
Expense
Total$12,228$12,228
Net Operating Income$5,772$18,612
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3013 $8343 $11356 $947
Total         $3,013 $8,343 $11,356   $-5,584 $3,013 $-2,571
Stabilized         $3,013 $8,343 $11,356   $7,256 $3,013 $10,269
Custom         $3013 $8343 $11356   $7256 $3013 $10269




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1186,750947247700247700947
2186,5039472486994941,4001,894
3186,2569472496987432,0982,841
4186,0079472496989922,7963,788
5185,7589472506971,2433,4924,735
6185,5079472516961,4944,1885,682
7185,2569472526951,7464,8836,629
8185,0049472536942,0005,5767,576
9184,7509472546932,2546,2698,523
10184,4969472556922,5096,9619,470
11184,2419472566912,7657,65210,417
12183,9859472576903,0228,34211,364
13183,7289472586893,2809,03112,311

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Listing Agent: Peter Drossos
Listing Office: Keller Williams Chicago-O'Hare
8029 W. BERWYN AVE. CHICAGO

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