3 Flat 5015 Cullom Portage Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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3 Flat 5015 Cullom Portage Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60641

Built In: 1914

Lot Size: A

Lot Dimensions: 30 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1125

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor B: 1 bedrooms 1 baths $650

Gross Income $36,600

Detailed Listing Description

Gorgeous income-producing 3-unit building in Portage Park! Each unit has long-term tenants on month-to-month leases. The building has two large sunny units that have 2BR/1BA and a bonus room that can be used as an office, den or 3rd bedroom. Each of these units have a large living space and formal dining room. The finished garden unit is a 1BR/1BA. Rented 2 car garage brings in additional income. Vintage features, hardwood floors, pantries, formal dining rooms, decorative fireplace (2nd fl) and stained glass (1st fl). FULLY RENTED month to month with long term tenants. Fenced back yard with deck and garden. Coin laundry in separate laundry area accessible from the rear. Fabulous investment in a desirable neighborhood. 1/2 mi to CTA & Metra plus easy access to I-90/94. Selling "AS IS".

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,E
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
Appliances
  • Appliances Unit 1A,B,N,S
  • Appliances Unit 2A,B,S
  • Appliances Unit 3A,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 6% 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 0% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $34,500 Monthly $2,875
Rental Income Stabilized : Annual $37,512 Monthly $3,126
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$459,9003$153,3002.70%13.330.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,875$3,126
Year Total$34,500$37,512
Expense
Total$22,060$22,060
Net Operating Income$12,440$15,452
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5565 $15408 $20973 $1748
Total         $5,565 $15,408 $20,973   $-8,533 $5,565 $-2,968
Stabilized         $5,565 $15,408 $20,973   $-5,521 $5,565 $44
Custom         $5565 $15408 $20973   $-5521 $5565 $44




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1344,9251,7484551,2934551,2931,748
2344,4701,7484561,2929112,5853,496
3344,0141,7484581,2901,3693,8755,244
4343,5561,7484601,2881,8285,1646,992
5343,0971,7484611,2872,2906,4508,740
6342,6351,7484631,2852,7537,73510,488
7342,1721,7484651,2833,2189,01812,236
8341,7071,7484671,2813,68410,30013,984
9341,2411,7484681,2804,15311,57915,732
10340,7721,7484701,2784,62312,85717,480
11340,3021,7484721,2765,09514,13319,228
12339,8301,7484741,2745,56815,40820,976
13339,3571,7484751,2736,04416,68022,724

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Listing Agent: John Li
Listing Office: Mark Allen Realty, LLC
813 Cedar Lane Northbrook

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