2 Flat 4040 Newport Chi Irving Park Chicago IL | Chicago Property Listings – X Plus Real Estate

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2 Flat 4040 Newport Chi Irving Park Chicago IL

City: Chicago ZIP: 60641

Built In: 1902

Lot Size: K

Lot Dimensions: 40X112

Lot Description: E

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $750

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

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,S,U
  • Appliances Unit 2A,B,C,D,F,J,S,U
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 17% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 2% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $9,000 Monthly $750
Rental Income Stabilized : Annual $25,596 Monthly $2,133
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$439,0002$219,500-1.81%48.780.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$750$2,133
Year Total$9,000$25,596
Expense
Total$16,942$16,942
Net Operating Income$-7,942$8,654
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5312 $14708 $20020 $1669
Total         $5,312 $14,708 $20,020   $-27,962 $5,312 $-22,650
Stabilized         $5,312 $14,708 $20,020   $-11,366 $5,312 $-6,054
Custom         $5312 $14708 $20020   $-11366 $5312 $-6054




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1329,2501,6694341,2354341,2351,669
2328,8161,6694361,2338702,4683,338
3328,3801,6694381,2311,3083,6995,007
4327,9421,6694391,2301,7474,9296,676
5327,5031,6694411,2282,1886,1578,345
6327,0621,6694431,2262,6307,38410,014
7326,6201,6694441,2253,0758,60811,683
8326,1751,6694461,2233,5209,83213,352
9325,7301,6694481,2213,96811,05315,021
10325,2821,6694491,2204,41712,27316,690
11324,8331,6694511,2184,86813,49118,359
12324,3821,6694531,2165,32114,70720,028
13323,9291,6694541,2155,77515,92221,697

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Listing Agent: Elizabeth Muscare
Listing Office: Rooney Realty Ltd.
4059 W. Barry Chicago

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