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4 Flat 4210 KILpatrick Portage Park Chicago IL Mu

City: CHICAGO ZIP: 60641

Built In: 1896

Lot Size: Less Than .25 Acre

Lot Dimensions: 39X177

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $945

Unit 2 Floor 1: 2 bedrooms 1 baths $1300

Unit 3 Floor 2: 2 bedrooms 1 baths $1275

Unit 4 Floor 2: 2 bedrooms 1 baths $975

Gross Income $4,800

Detailed Listing Description

4-unit in Irving Park on quiet single-family residential street close to Metra stop, Montrose Blue Line, Jewel Osco. Rents are under-market, neighborhood is up-and-coming (check out Fischman Public House, the Point at Six Corners development + upcoming Sears redevelopment project). Major systems in good shape, could use some landscaping and cosmetic work. 2 out of 4 units were updated in 2016 with new kitchens and baths. New roof in 2016. Room for more updates / rent increases. Seller will provide 13-month home warranty for major home systems with sale. Unit 1F lease is up August 31st-- ready for owner-occupied move-in. Live in 1F and collect $3700 in gross income - tenants pay your mortgage and then some. Coin laundry in basement ($150/mo), plenty of storage, 3-car garage, 1 parking pad.

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Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces3
  • ParkingGarage, Space/s,
  • Number of Parking Spaces1
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3None,
  • Tenant Pays Unit 4Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Garage/Space, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Hardwood Floors,
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 0% 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 1% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $53,940 Monthly $4,495
Rental Income Stabilized : Annual $57,348 Monthly $4,779
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$565,0004$141,2504.55%10.470.85%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,495$4,779
Year Total$53,940$57,348
Expense
Total$28,238$28,238
Net Operating Income$25,702$29,110
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6837 $18929 $25766 $2148
Total         $6,837 $18,929 $25,766   $-64 $6,837 $6,773
Stabilized         $6,837 $18,929 $25,766   $3,344 $6,837 $10,181
Custom         $6837 $18929 $25766   $3344 $6837 $10181




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1423,7502,1485591,5895591,5892,148
2423,1912,1485611,5871,1203,1764,296
3422,6302,1485631,5851,6834,7616,444
4422,0672,1485651,5832,2486,3448,592
5421,5022,1485671,5812,8167,92410,740
6420,9342,1485691,5793,3859,50312,888
7420,3652,1485721,5763,95711,07915,036
8419,7932,1485741,5744,53112,65317,184
9419,2192,1485761,5725,10714,22519,332
10418,6432,1485781,5705,68515,79521,480
11418,0652,1485801,5686,26517,36323,628
12417,4852,1485821,5666,84718,92925,776
13416,9032,1485851,5637,43220,49227,924

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