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

* 11-PARKING SPACES * LAND( 52x129)**6700 SQFT ***THE ENTIRE BUILDING 6000 SQFT CAN BE USED BY ONE PRIVATE COMPANY FOR THEIR EMPLOYEES **BIG , BIG, TALL BASEMENT** ALL LEASES ARE MONTH TO MONTH *** TOTAL ANNUAL INCOME $60,000...

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
$749,0004$187,2504.10%12.480.65%
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 $9063 $25094 $34157 $2847
Total         $9,063 $25,094 $34,157   $-3,469 $9,063 $5,594
Stabilized         $9,063 $25,094 $34,157   $-5,293 $9,063 $3,770
Custom         $9063 $25094 $34157   $-5293 $9063 $3770




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1561,7502,8477402,1077402,1072,847
2561,0102,8477432,1041,4844,2105,694
3560,2662,8477462,1012,2306,3118,541
4559,5202,8477492,0982,9788,41011,388
5558,7722,8477522,0953,73010,50514,235
6558,0202,8477542,0934,48412,59817,082
7557,2662,8477572,0905,24214,68719,929
8556,5082,8477602,0876,00216,77422,776
9555,7482,8477632,0846,76518,85825,623
10554,9852,8477662,0817,53120,93928,470
11554,2192,8477692,0788,29923,01831,317
12553,4512,8477722,0759,07125,09334,164
13552,6792,8477742,0739,84527,16637,011

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

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