2 Flat 6129 Leland Portage Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 6129 Leland Portage Park Chicago IL Mu Inv

City: Chicago ZIP: 60630

Built In: 1964

Lot Size: K

Lot Dimensions: 40X142

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $1200

Gross Income $32,400

Net Op. Income $21,261

Detailed Listing Description

Excellent condition Queen Anne style two-flat located on a quiet street just 1/2 block from Dunham Park. Updates within the last ten years include windows, furnaces, central air and humidifiers. Apartments feature hardwood floors, ceramic tile kitchens and baths, fully appliance kitchens, ceiling fans. First floor has an extra-large master bedroom (two rooms opened to one can easily be divided again), eat-in kitchen, living/dining room combo and enclosed porch. Second floor has two bedrooms plus a den, eat-in kitchen, living/dining room combo and enclosed porch. The basement is partially finished with a family room, full bath and cedar closet. Family room is large and can easily be turned into related living accommodations for those who need a separate space for parents or other family members. Electric, gas, heat and hot water are separate for each unit. Building sits on an oversized lot with a concrete side drive, big yard and brick paver patio. Close to CTA bus directly to Jefferson

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,I,S
  • Appliances Unit 2A,B,E,I,S
Schools
  • Grade SchoolPrussing Elementary School
  • Grade School District299
  • Jr High/Middle SchoolPrussing Elementary School
  • Jr High/Middle School District299
  • High SchoolTaft High School
  • 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 8% 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 19% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $32,400 Monthly $2,700
Rental Income Stabilized : Annual $33,600 Monthly $2,800
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$419,0002$209,5003.61%12.930.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,700$2,800
Year Total$32,400$33,600
Expense
Total$17,267$17,267
Net Operating Income$15,133$16,333
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5070 $14038 $19108 $1593
Total         $5,070 $14,038 $19,108   $-3,975 $5,070 $1,095
Stabilized         $5,070 $14,038 $19,108   $-2,775 $5,070 $2,295
Custom         $5070 $14038 $19108   $-2775 $5070 $2295




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1314,2501,5934151,1784151,1781,593
2313,8351,5934161,1778312,3553,186
3313,4191,5934181,1751,2483,5314,779
4313,0021,5934191,1741,6684,7046,372
5312,5821,5934211,1722,0885,8777,965
6312,1621,5934221,1712,5117,0479,558
7311,7391,5934241,1692,9358,21611,151
8311,3151,5934261,1673,3609,38412,744
9310,8901,5934271,1663,78810,54914,337
10310,4621,5934291,1644,21611,71415,930
11310,0341,5934301,1634,64712,87617,523
12309,6031,5934321,1615,07914,03719,116
13309,1711,5934341,1595,51215,19720,709

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Listing Agent: Sally Haynes
Listing Office: Keller Williams Rlty Partners
7349 W Howard St Chicago

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