3 Flat 5224 Cornelia Portage Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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3 Flat 5224 Cornelia Portage Park Chicago IL Mu I

City: Chicago ZIP: 60641

Built In: 1926

Lot Size: A

Lot Dimensions: 37X125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Unit 3 Floor B: 2 bedrooms 1 baths $0

Detailed Listing Description

Beautifully maintained JUMBO brick 2 flat with finished basement in sought-after location. Sitting on oversized lot - Enjoy the rare, hard to find side concrete driveway that leads to large yard with brick 2 car garage. No worries about street cleaning or winter 'dibs' parking issues! 1st floor unit has 2 bedrooms, with the option to convert back to a 3rd bedroom. 2nd floor has 3 bedrooms. Many updates: recent tuckpointing, new windows. Vintage features: huge & bright living rooms w picture windows, decorative fireplaces and stained glass, formal dining rooms, eat-in size kitchens. Each floor has foyer with closet. Back porches are enclosed w/ pantry. Both units have hardwood floors throughout. In-law/finished basement unit with 2 bedrooms. Coin operated laundry in the basement with 2 storage rooms. Show with confidence.

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,D
  • Tenant Pays Unit 2B,C,D,H
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,F,K,S
  • Appliances Unit 2A,B,F,K,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 22% 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 15% more than other 3 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 $24,682 Monthly $2,057
Rental Income Stabilized : Annual $30,852 Monthly $2,571
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$529,9003$176,6330.81%21.470.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,057$2,571
Year Total$24,682$30,852
Expense
Total$20,415$20,415
Net Operating Income$4,267$10,437
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6412 $17753 $24165 $2014
Total         $6,412 $17,753 $24,165   $-19,898 $6,412 $-13,486
Stabilized         $6,412 $17,753 $24,165   $-13,728 $6,412 $-7,316
Custom         $6412 $17753 $24165   $-13728 $6412 $-7316




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1397,4252,0145241,4905241,4902,014
2396,9012,0145261,4881,0492,9794,028
3396,3762,0145281,4861,5774,4656,042
4395,8482,0145301,4842,1065,9508,056
5395,3192,0145321,4822,6387,43210,070
6394,7872,0145341,4803,1728,91212,084
7394,2532,0145361,4783,70710,39114,098
8393,7182,0145381,4764,24511,86716,112
9393,1802,0145401,4744,78413,34218,126
10392,6412,0145421,4725,32614,81420,140
11392,0992,0145441,4705,86916,28522,154
12391,5562,0145461,4686,41517,75324,168
13391,0102,0145481,4666,96319,21926,182

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Listing Agent: Gabriela Celinska
Listing Office: Hometown Real Estate
2650 Harrison St. Glenview

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