Address
5219 S Calumet Avenue, Chicago, IL
Price
$ 4,125,000
Property Attributes
- MLS#11977392
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Washington Park
- NeighborhoodWashington Park
- Zip60615
- Style
- Year Built1903
- Taxes$ 37736
- Price$ 4,125,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
5219 S. Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and just one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba, and five (5) 3Bd/1Ba units. All units are incredibly spacious and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides investors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1,673,420 - 4.97% Rate - 5 Years Remaining
| Price History | |
|---|---|
| 2/28/2024 | Listed $4,125,000 |
General Features
| Year Built | 1903 |
|---|---|
| Tenant Pays | Heat,Hot Water |
| Stories | 4 |
| Tax Year | 2022 |
| Gross Income | 415440 |
| County | Cook |
| Net Operating Income | 289891 |
| Operating Expense | 113777 |
| Insurance Expense | 13753 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 8850 |
| Status | Active |
| Directions | Going west on E 51st Street,turn left before the 51st CTA Train Stop to go southbound onto S Calumet Ave,where the property sits just before E 53rd Street. |
| City | Chicago |
| Total Units | 26 |
| MLS Area | CHI - Washington Park |
| Street Name | Calumet |
| Tax Annual Amount | 37736 |
| Electric Expense | 3176 |
| Fuel Expense | 213 |
| Trash Expense | 4837 |
| Water Sewer Expense | 12978 |
| Additional Parcels Y/N | No |
| Days on Market | 41 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 70' X 197' |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60615
Price
Taxes
Visits
Year Built
