2 Flat 5320 Newport Portage Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 5320 Newport Portage Park Chicago IL Mu In

City: CHICAGO ZIP: 60641

Built In: U

Lot Size: L

Lot Dimensions: 31 X 126

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1300

Unit 2 Floor 2: 2 bedrooms 1 baths $1300

Detailed Listing Description

Nicely Rehabbed BRICK 2 FLAT in the Portage Park community. The 2 unit building completely redone hardwood floors, original wood casement, doors and trim. Freshly painted units and common area. Granite counter tops, new kitchen cabinets and ceiling fans throughout. Both units have their own independent forced air heating with central air conditioning. Brand new entry screen doors on both levels. NEW vinyl siding on rear of building and 2 car garage. Full Basement with 2 entrances and recently framed and rough electric. All appliances included with washer/dryer in basement. The PERFECT investment opportunity or your new. Close to public park and transportation.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
Appliances
  • Appliances Unit 1A,B,F,I,N,S
  • Appliances Unit 2A,B,F,I,N,S
Schools
  • Grade SchoolReinberg Elementary School
  • Grade School District299
  • Jr High/Middle SchoolReinberg Elementary School
  • 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 $31,200 Monthly $2,600
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$399,0002$199,5003.67%12.790.62%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,600$2,476
Year Total$31,200$29,712
Expense
Total$16,576$16,576
Net Operating Income$14,624$13,136
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4828 $13368 $18196 $1517
Total         $4,828 $13,368 $18,196   $-3,572 $4,828 $1,256
Stabilized         $4,828 $13,368 $18,196   $-5,060 $4,828 $-232
Custom         $4828 $13368 $18196   $-5060 $4828 $-232




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1299,2501,5173951,1223951,1221,517
2298,8551,5173961,1217912,2433,034
3298,4591,5173981,1191,1893,3624,551
4298,0611,5173991,1181,5884,4806,068
5297,6621,5174011,1161,9895,5967,585
6297,2611,5174021,1152,3916,7119,102
7296,8591,5174041,1132,7957,82410,619
8296,4551,5174051,1123,2008,93612,136
9296,0501,5174071,1103,60710,04613,653
10295,6431,5174081,1094,01511,15515,170
11295,2351,5174101,1074,42512,26216,687
12294,8251,5174111,1064,83713,36718,204
13294,4131,5174131,1045,25014,47119,721

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Listing Agent: Matt Skiba
Listing Office: Re/Max Landmark
6020 W HIGGINS AVE,SUITE C CHICAGO

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