4 Flat 6038 Irving Park Portage Park Chicago IL M| Chicago Property Listings – X Plus Real Estate

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4 Flat 6038 Irving Park Portage Park Chicago IL M

City: Chicago ZIP: 60634

Built In: 1923

Lot Size: K

Lot Dimensions: 52 X 129

Lot Description: G,H

# of Units: 4

Unit 1 Floor 2: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Unit 3 Floor 1: 0 bedrooms 0 baths $1600

Unit 4 Floor 1: 0 bedrooms 0 baths $900

Gross Income $60,000

Net Op. Income $47,000

Detailed Listing Description

**BEAUTIFUL BUILDING *MONEY MAKING MACHINE** 11-PARKING SPACES * NEWLY REMODELED **BIG LAND( 52x129)**6700 SQFT ***THE ENTIRE BUILDING 5500 SQFT CAN BE USED BY ONE PRIVATE COMPANY FOR THEIR EMPLOYEES **BIG , BIG, TALL BASEMENT** ALL LEASES ARE MONTH TO MONTH *** ..

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces11
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3O
  • Appliances Unit 4O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 42% 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 31% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $60,000 Monthly $5,000
Rental Income Stabilized : Annual $58,176 Monthly $4,848
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$750,0004$187,5004.09%12.500.65%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,000$4,848
Year Total$60,000$58,176
Expense
Total$29,312$29,312
Net Operating Income$30,688$28,864
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9075 $25127 $34202 $2851
Total         $9,075 $25,127 $34,202   $-3,514 $9,075 $5,561
Stabilized         $9,075 $25,127 $34,202   $-5,338 $9,075 $3,737
Custom         $9075 $25127 $34202   $-5338 $9075 $3737




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1562,5002,8517422,1097422,1092,851
2561,7582,8517442,1071,4864,2165,702
3561,0142,8517472,1042,2336,3208,553
4560,2672,8517502,1012,9838,42111,404
5559,5172,8517532,0983,73610,51914,255
6558,7642,8517562,0954,49212,61417,106
7558,0082,8517582,0935,25014,70719,957
8557,2502,8517612,0906,01116,79722,808
9556,4892,8517642,0876,77618,88325,659
10555,7242,8517672,0847,54320,96728,510
11554,9572,8517702,0818,31323,04831,361
12554,1872,8517732,0789,08525,12734,212
13553,4152,8517762,0759,86127,20237,063

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Listing Agent: Edward Khachi
Listing Office: Coldwell Banker Residential
3334 W. Cuyler Chicago

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