2 Flat 5511 Dakin Portage Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 5511 Dakin Portage Park Chicago IL Mu Inve

City: Chicago ZIP: 60641

Built In: 1924

Lot Size: K

Lot Dimensions: 29 X 125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2600

Unit 2 Floor 2: 2 bedrooms 1 baths $1700

Detailed Listing Description

Fantastic Portage Park Location, Minutes to The Park, Portage Grounds, Xpress, Easy Public Transit, Restaurants, Shops and More! Super Residential Street, Beautiful Oversized Rare 2 Story Bungalow! Features: New Plumbing, New Electrical, All New Interiors, Central Heating and Air Conditioning. Top Floor: 2 Bed 1 bath with Separate Dining Room and Oversized Kitchen, Central Air, In-Unit Laundry, Lots of Natural Light. Middle Floor: 2 Bed 1 bath with Separate Dining Room and Oversized Kitchen, Central Air, Good Natural Light, Option to Use as Duplex Down to Finished Basement. Lower Level: 1 Bed 1 Bath, Living/Dining/Family Room Combo, Central Air, Laundry Room, Could be Used as Duplex to Middle Floor. Good Sized Patio with Pavers. Oversized Garage. Building is Much Longer than Most, Lots of Usable Sq Ft, Feels Like a Home in All Units, Owner Occupied and Well Cared For. Sump Pump In Basement, Dry Basement. Nothing to do but Move-In. In Amazing Condition.

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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
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Appliances Unit 1A,B,C,D,E,I,N,P,Q
  • Appliances Unit 2A,B,C,D,E,I,N,P,Q
  • 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 38% 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 46% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $51,600 Monthly $4,300
Rental Income Stabilized : Annual $38,856 Monthly $3,238
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,300$3,238
Year Total$51,600$38,856
Net Operating Income$33,756$21,012
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $6232 $17254 $23486 $1958
Total         $6,232 $17,254 $23,486   $10,270 $6,232 $16,502
Stabilized         $6,232 $17,254 $23,486   $-2,474 $6,232 $3,758
Custom         $6232 $17254 $23486   $-2474 $6232 $3758

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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