2 Flat 5116 Cornelia Portage Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 5116 Cornelia Portage Park Chicago IL Mu I

City: CHICAGO ZIP: 60641

Built In: 1921

Lot Size: A

Lot Dimensions: 31X173

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Portage Park spacious, move in condition legal 2 flat with 2 bedroom/1 bath in each unit and possible 3rd bedroom/den on 1st floor and there is a potential in law arrangement in the basement. New kitchen on 1st floor with 42" cabinets and granite countertops. Both remodeled bathrooms with ceramic tile. Back enclosed porches. Refinished wood floors, custom lighting and newer windows. Basement partially finished. Enjoy entertaining on your huge cement back patio with views of your scenic fenced in yard. Under porch crawl space and shed for extra storage. Separate electric meters.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2B
Appliances
  • Appliances Unit 1A,B,E,F,S,U
  • 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 9% 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 4% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $30,451 Monthly $2,538
Rental Income Stabilized : Annual $38,064 Monthly $3,172
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$340,0002$170,0003.75%11.170.93%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,538$3,172
Year Total$30,451$38,064
Expense
Total$17,690$17,690
Net Operating Income$12,761$20,374
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4114 $11391 $15505 $1293
Total         $4,114 $11,391 $15,505   $-2,744 $4,114 $1,370
Stabilized         $4,114 $11,391 $15,505   $4,869 $4,114 $8,983
Custom         $4114 $11391 $15505   $4869 $4114 $8983




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1255,0001,2933379563379561,293
2254,6631,2933389556751,9112,586
3254,3251,2933399541,0142,8653,879
4253,9861,2933419521,3553,8175,172
5253,6451,2933429511,6964,7696,465
6253,3041,2933439502,0405,7187,758
7252,9601,2933449492,3846,6679,051
8252,6161,2933469472,7307,61410,344
9252,2701,2933479463,0778,56011,637
10251,9231,2933489453,4259,50512,930
11251,5751,2933509433,77410,44914,223
12251,2261,2933519424,12511,39115,516
13250,8751,2933529414,47812,33116,809

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Listing Agent: Kristina Jarczyk
Listing Office: RE/MAX Destiny
2010 S Valley RD Lombard

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