2 Flat 5149 Wellington Belmont Cragin Chicago IL | Chicago Property Listings – X Plus Real Estate

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2 Flat 5149 Wellington Belmont Cragin Chicago IL

City: Chicago ZIP: 60641

Built In: 1927

Lot Size: K

Lot Dimensions: 30X125

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1500

Unit 2 Floor 2: 2 bedrooms 1 baths $1500

Detailed Listing Description

Beautiful brick 2-flat. Where Cragin meets Portage Park and Old Irving Park. Lovingly maintained and updated by long-time owners. All units are family occupied and offer spacious 2bed/1bath apartments with full dining rooms and enclosed porches. Gorgeous original woodwork, stained glass windows, built-ins and doors. Hardwood floors. Kitchens with large pantry closets. Excellent in-law living arrangement in the basement. Fenced yard, paver patio and 2-car garage. Convenient location with many amenities within walking distance. Great for turnkey investor or live-in owner!

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Additional Property Details

Garage & Parking
  • 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
  • Tenant Pays Unit 2B,C,D,F,G,H
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 9% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Belmont Cragin

Listings in this Neighborhood average: 2 to 3 units, with average prices of $296,819 to $323,553
This listing is 38% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $36,000 Monthly $3,000
Rental Income Stabilized : Annual $29,712 Monthly $2,476
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$410,0002$205,0005.00%11.390.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,000$2,476
Year Total$36,000$29,712
Expense
Total$15,500$15,500
Net Operating Income$20,500$14,212
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $4961 $13737 $18698 $1559
Total         $4,961 $13,737 $18,698   $1,802 $4,961 $6,763
Stabilized         $4,961 $13,737 $18,698   $-4,486 $4,961 $475
Custom         $4961 $13737 $18698   $-4486 $4961 $475




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1307,5001,5594061,1534061,1531,559
2307,0941,5594071,1528132,3053,118
3306,6871,5594091,1501,2223,4554,677
4306,2781,5594101,1491,6334,6036,236
5305,8671,5594121,1472,0455,7507,795
6305,4551,5594141,1452,4586,8969,354
7305,0421,5594151,1442,8738,04010,913
8304,6271,5594171,1423,2909,18212,472
9304,2101,5594181,1413,70810,32314,031
10303,7921,5594201,1394,12811,46215,590
11303,3721,5594211,1384,54912,60017,149
12302,9511,5594231,1364,97213,73618,708
13302,5281,5594251,1345,39714,87020,267

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