4 Flat 4951 Belle Plaine Portage Park Chicago IL | Chicago Property Listings – X Plus Real Estate

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4 Flat 4951 Belle Plaine Portage Park Chicago IL

City: Chicago ZIP: 60641

Built In: 1914

Lot Size: A

Lot Dimensions: 60X91X26.7X34X33.2X124.9

Lot Description: H

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1230

Unit 2 Floor 2: 3 bedrooms 1 baths $1280

Unit 3 Floor 1: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 3 bedrooms 1 baths $0

Gross Income $30,120

Detailed Listing Description

RARELY AVAILABLE ! PORTAGE PARK. HUGE CENTER ENTRANCE VINTAGE BRICK 4 FLAT! SPACIOUS APARTMENTS! HARDWOOD FLOORS THROUGHOUT! GOOD SIZE BEDROOMS. EACH APARTMENT HAS A SEPARATE HEATED SUNROOM THAT CAN BE USED AS AN ADDITIONAL BEDROOM. FORMAL DINING ROOMS. EAT-IN KITCHENS WITH CABINETS AND COUNTERTOPS, CERAMIC TILE WALLS AND FLOORS. BATHS WITH CERAMIC TILE WALLS AND FLOORS. VINYL WINDOWS. 4 GAS FORCED AIR HEATING UNITS, 4 HOT WATER HEATERS. TENANTS PAY FOR THEIR OWN UTILITIES. NEWER VINYL SIDED ENCLOSED PORCHES AND STAIRS. FENCED IN REAR . PATIO IN FRONT OF 2 CAR GARAGE. ALL STEEL BEAM CONSTRUCTION, 2 BASEMENTS. ACROSS THE STREET FROM DICKINSON PLAY LOT. GREAT OPPORTUNITY TO OWN A VINTAGE BUILDING WITH A LOT OF POTENTIAL . SOLD AS IS.

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,E
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3A,B
  • Appliances Unit 4B
Schools
  • Grade SchoolPortage Park Elementary School
  • 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 31% more than other 4 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 29% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,120 Monthly $2,510
Rental Income Stabilized : Annual $61,704 Monthly $5,142
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$739,0004$184,750-0.05%24.540.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,510$5,142
Year Total$30,120$61,704
Expense
Total$30,496$30,496
Net Operating Income$-376$31,208
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8942 $24759 $33701 $2809
Total         $8,942 $24,759 $33,701   $-34,077 $8,942 $-25,135
Stabilized         $8,942 $24,759 $33,701   $-2,493 $8,942 $6,449
Custom         $8942 $24759 $33701   $-2493 $8942 $6449




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1554,2502,8097312,0787312,0782,809
2553,5192,8097332,0761,4644,1545,618
3552,7862,8097362,0732,2006,2278,427
4552,0502,8097392,0702,9398,29711,236
5551,3112,8097422,0673,68010,36514,045
6550,5702,8097442,0654,42512,42916,854
7549,8252,8097472,0625,17214,49119,663
8549,0782,8097502,0595,92216,55022,472
9548,3282,8097532,0566,67518,60625,281
10547,5752,8097562,0537,43020,66028,090
11546,8202,8097582,0518,18922,71030,899
12546,0612,8097612,0488,95024,75833,708
13545,3002,8097642,0459,71426,80336,517

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Listing Agent: Eugenia Canepa
Listing Office: Coldwell Banker Residential
4641 N. Avers Chicago

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