2 Flat 4941 Melrose Portage Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 4941 Melrose Portage Park Chicago IL Mu In

City: Chicago ZIP: 60641

Built In: 1923

Lot Size: A

Lot Dimensions: 30 X 125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Beautiful 2-flat consisting of a 2 bed/1 bath first floor unit, & a 3 bed/1 bath second floor unit. Newer kitchens & baths, 2 hot water tanks updated in 2015, 2 washers & 2 dryers in the basement. Close to parks, shopping, & transportation. New siding on 3 sides will be installed before closing. Must see!

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
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,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 12% 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.

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
$419,9002$209,9502.09%17.010.61%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,057$2,571
Year Total$24,682$30,852
Expense
Total$15,896$15,896
Net Operating Income$8,786$14,956
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5081 $14068 $19149 $1596
Total         $5,081 $14,068 $19,149   $-10,363 $5,081 $-5,282
Stabilized         $5,081 $14,068 $19,149   $-4,193 $5,081 $888
Custom         $5081 $14068 $19149   $-4193 $5081 $888




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1314,9251,5964151,1814151,1811,596
2314,5101,5964171,1798322,3603,192
3314,0931,5964181,1781,2503,5384,788
4313,6751,5964201,1761,6694,7156,384
5313,2561,5964211,1752,0915,8897,980
6312,8341,5964231,1732,5147,0629,576
7312,4111,5964241,1722,9388,23411,172
8311,9871,5964261,1703,3649,40412,768
9311,5611,5964281,1683,79210,57214,364
10311,1331,5964291,1674,22111,73915,960
11310,7041,5964311,1654,65212,90417,556
12310,2731,5964321,1645,08414,06819,152
13309,8411,5964341,1625,51815,23020,748

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Listing Agent: Luminita Ispas
Listing Office: Century 21 S.G.R., Inc.
1070 N Northwest Hwy Park Ridge

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