2 Flat 4225 Melvina Portage Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 4225 Melvina Portage Park Chicago IL Mu In

City: Chicago ZIP: 60634

Built In: 1916

Lot Size: A

Lot Dimensions: 30 X 125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Detailed Listing Description

Exceptionally well maintained two flat in great condition ready to move in or converted into a single family home. The 1st floor has a lovely updated kitchen complete with stainless appliances. French doors open to enclosed porch and onto large deck. First floor unit includes 2 bedrooms, a living room, dining room and lovely bathroom. Second floor is a cute 1 bedroom apartment with a living room, dining room and a walk-in closet/dressing area. The generous kitchen also opens to the enclosed porch that can be used as a sun room or breakfast room.This property comes with an over sized 2 car detached garage with ample loft storage. Street parking is most always available. New windows, maintenance free deck and a large lot complete this great property. This home is close to schools, transportation, shopping and expressways. Don't miss out on this investment property!

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • 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,E,F,J,N,Q
  • Appliances Unit 2A,B,E,F,J,N
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60634

Listings in this Zip Code average: 2 to 3 units, and are priced at $329,214 to $451,036
This listing is 18% 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 10% 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 $13,363 Monthly $1,114
Rental Income Stabilized : Annual $16,704 Monthly $1,392
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$389,0002$194,500-0.50%29.110.36%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,114$1,392
Year Total$13,363$16,704
Expense
Total$15,320$15,320
Net Operating Income$-1,957$1,384
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4707 $13033 $17740 $1479
Total         $4,707 $13,033 $17,740   $-19,697 $4,707 $-14,990
Stabilized         $4,707 $13,033 $17,740   $-16,356 $4,707 $-11,649
Custom         $4707 $13033 $17740   $-16356 $4707 $-11649




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1291,7501,4793851,0943851,0941,479
2291,3651,4793861,0937712,1872,958
3290,9791,4793881,0911,1593,2784,437
4290,5911,4793891,0901,5484,3685,916
5290,2021,4793911,0881,9395,4567,395
6289,8111,4793921,0872,3316,5438,874
7289,4191,4793941,0852,7257,62810,353
8289,0251,4793951,0843,1208,71211,832
9288,6301,4793971,0823,5179,79413,311
10288,2331,4793981,0813,91510,87514,790
11287,8351,4794001,0794,31511,95416,269
12287,4351,4794011,0784,71613,03217,748
13287,0341,4794031,0765,11814,10919,227

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Listing Agent: Kathryn Cloney
Listing Office: @properties
212 ELMORE PARK RIDGE

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