3 Flat 5310 Patterson Portage Park Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 5310 Patterson Portage Park Chicago IL Mu

City: CHICAGO ZIP: 60641

Built In: 1922

Lot Size: K

Lot Dimensions: 35 X 126

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1175

Unit 2 Floor 2: 3 bedrooms 1 baths $1420

Unit 3 Floor B: 2 bedrooms 1 baths $1200

Detailed Listing Description

FABULOUS INVESTMENT BUILDING IN SOUGHT AFTER PORTAGE PARK! COMPLETELY RENOVATED, RESTORED AND METICULOUSLY MAINTAINED. EXPANSIVE 3 BEDROOM UNITS BOAST OF BEAUTIFULLY RESTORED CROWN MOLDING, MILLWORK AND GLEAMING HARDWOOD FLOORING. UPDATED KITCHENS AND BATHS, NEW WINDOWS, NEW ELECTRICAL, NEW HEATING AND COOLING UNITS. AMAZING BASEMENT UNIT COMPLETE GUT REHAB WITH AMPLE LIVING SPACE, 2 BEDROOMS, PORCELAIN TILE FLOORING AND NEW KITCHEN AND BATH! NEW PERMASEAL DRAIN TILE SYSTEM INSTALLED WITH PRIMARY AND SECONDARY SUMP PUMPS AND BATTERY BACKUP SYSTEMS AND MOISTURE BARRIER INSULATION INSTALLED. ALL BRICK BUILDING ON OVERSIZED LOT WITH SIDE DRIVE AND 2 CAR GARAGE. NEW ROOF, NEW TUCKPOINTING, NEW CHIMNEY REBUILD. ENJOY THE PERENNIAL GARDENS PROFESSIONALLY LANDSCAPED FRONT AND BACK YARDS. NEW UNILOCK PAVER WALKWAY, NEW APRON, DRIVEWAY AND GANGWAY. COME SEE ALL THAT PORTAGE PARK HAS TO OFFER. WALK TO PARK, BIKE TRAILS, OLYMPIC SIZE POOL! TRANSPORTATION, RESTAURANTS, SHOPPING AND NIGHTLIFE!

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 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E
  • Appliances Unit 3A,B,E
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 21% 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 14% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $45,540 Monthly $3,795
Rental Income Stabilized : Annual $45,252 Monthly $3,771
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$525,0003$175,0005.26%11.530.72%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,795$3,771
Year Total$45,540$45,252
Expense
Total$17,918$17,918
Net Operating Income$27,622$27,334
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6353 $17589 $23942 $1996
Total         $6,353 $17,589 $23,942   $3,680 $6,353 $10,033
Stabilized         $6,353 $17,589 $23,942   $3,392 $6,353 $9,745
Custom         $6353 $17589 $23942   $3392 $6353 $9745




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1393,7501,9965191,4775191,4771,996
2393,2311,9965211,4751,0412,9513,992
3392,7091,9965231,4731,5644,4245,988
4392,1861,9965251,4712,0895,8957,984
5391,6611,9965271,4692,6177,3639,980
6391,1331,9965291,4673,1468,83011,976
7390,6041,9965311,4653,67710,29513,972
8390,0731,9965331,4634,21011,75815,968
9389,5401,9965351,4614,74613,21817,964
10389,0041,9965371,4595,28314,67719,960
11388,4671,9965391,4575,82216,13421,956
12387,9281,9965411,4556,36317,58923,952
13387,3871,9965431,4536,90719,04125,948

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Listing Agent: Philip Barone
Listing Office: Compass
6010 N. Knox Chicago

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