2 Flat 5537 Dakin Portage Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 5537 Dakin Portage Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60641

Built In: 1925

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $750

Detailed Listing Description

Portage Park meticulously maintained and freshly painted 2-flat includes well-appointed duplex down owner's unit plus 2BR rental unit. Owner's unit lives like a single family home with 3 bedrooms, 2 bathrooms, formal living and dining rooms and a family room on both levels. The refreshed kitchen has white cabinets and all new stainless appliances. The second floor offers a spacious 2 bedroom unit with a large eat-in kitchen. Rent hasn't been raised in years and is well under market. New tear off roof. Big rooms. Ample closet and storage space. Generously sized newly landscaped backyard has a paver brick patio and a large 2+ car garage. Located just a 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. This is a great property to live in with rental income, convert to a single family home or maintain as a high-end investment property.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,C,D,E,J,L,N,S
  • Appliances Unit 2A,B
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 7% 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 13% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $9,000 Monthly $750
Rental Income Stabilized : Annual $38,856 Monthly $3,238
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$400,0002$200,000-1.75%44.440.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$750$3,238
Year Total$9,000$38,856
Expense
Total$15,999$15,999
Net Operating Income$-6,999$22,857
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4840 $13401 $18241 $1521
Total         $4,840 $13,401 $18,241   $-25,240 $4,840 $-20,400
Stabilized         $4,840 $13,401 $18,241   $4,616 $4,840 $9,456
Custom         $4840 $13401 $18241   $4616 $4840 $9456




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1300,0001,5213961,1253961,1251,521
2299,6041,5213971,1247932,2493,042
3299,2071,5213991,1221,1923,3714,563
4298,8081,5214001,1211,5934,4916,084
5298,4071,5214021,1191,9955,6107,605
6298,0051,5214031,1182,3986,7289,126
7297,6021,5214051,1162,8037,84410,647
8297,1971,5214071,1143,2108,95812,168
9296,7901,5214081,1133,61810,07113,689
10296,3821,5214101,1114,02711,18315,210
11295,9731,5214111,1104,43912,29216,731
12295,5611,5214131,1084,85113,40118,252
13295,1491,5214141,1075,26514,50819,773

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Listing Agent: Vincent Lance
Listing Office: North Clybourn Group, Inc.
2957 W Belden Ave Chicago

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