2 Flat 5923 Eastwood Portage Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 5923 Eastwood Portage Park Chicago IL Mu I

City: CHICAGO ZIP: 60630

Built In: U

Lot Size: A

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 5: 2 bedrooms 1 baths $925

Unit 2 Floor 5: 2 bedrooms 1 baths $945

Gross Income $2,595

Detailed Listing Description

BANK APPROVED SHORT SALE! Should be very quick closing! Back on the market! (( CERTIFIED LEGAL (2) unit )) in the heart of PORTAGE PARK. The units are much larger than they look on paper. This would be a great investment opportunity for one that wanted to live in one of the units and collect rent on the two others. The property was purchased by my client in 2006 and they updated the furnaces, HVAC, Plumbing & Electric at that time. They redid the siding and windows in 2008. We are estimating the age of the roof to be at least 10+ years old. The current rent roll was as follows and again this is a (( CERTIFIED LEGAL (2) unit )) : Garden is currently MTM now and rents for $725. First floor rent was at $925 and the second floor was at $945.. They're now vacant and easy to show. Come take a look at the property ASAP as this will not last! Go & show for first and second floor and please knock at the garden unit. If their home they will show you their unit. Last buyers financing fell thru.

Additional Property Details

Garage & Parking
  • 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
Appliances
  • Appliances Unit 1A,B,F
  • Appliances Unit 2A,B,F,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60630

Listings in this Zip Code average: 2 to 3 units, and are priced at $387,305 to $445,558
This listing is 23% 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 15% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $22,440 Monthly $1,870
Rental Income Stabilized : Annual $22,440 Monthly $1,870
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$299,9992$150,0001.72%13.370.62%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,870$1,870
Year Total$22,440$22,440
Expense
Total$17,268$17,268
Net Operating Income$5,172$5,172
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3630 $10051 $13681 $1141
Total         $3,630 $10,051 $13,681   $-8,509 $3,630 $-4,879
Stabilized         $3,630 $10,051 $13,681   $-8,509 $3,630 $-4,879
Custom         $3630 $10051 $13681   $-8509 $3630 $-4879




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1225,0001,1412978442978441,141
2224,7031,1412988435961,6862,282
3224,4041,1412998428952,5283,423
4224,1051,1413018401,1963,3684,564
5223,8041,1413028391,4974,2085,705
6223,5031,1413038381,8005,0466,846
7223,2001,1413048372,1045,8837,987
8222,8961,1413058362,4096,7199,128
9222,5911,1413068352,7167,55310,269
10222,2841,1413078343,0238,38711,410
11221,9771,1413098323,3329,21912,551
12221,6681,1413108313,64110,05113,692
13221,3591,1413118303,95210,88114,833

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Listing Agent: David Mishel
Listing Office: Compass
3314 N.Oakley Ave Ste# 2 Chicago

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