Address
7345 S Calumet Avenue, Chicago, IL
Price
$ 520,000
Property Attributes
- MLS#11988448
- TypePending
- CountyCOOK
- CityChicago
- AreaCHI - Greater Grand Crossing
- NeighborhoodGrand Crossing
- Zip60619
- Style
- Year Built1920
- Taxes$ 4424
- Price$ 520,000
- Bedrooms12
- Full Bathrooms4
- Half Bathrooms0
- Lot Size10,454 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
7345 S. Calumet Ave is a meticulously maintained four (4) unit building nestled in the vibrant Chicago community of Greater Grand Crossing. Offering a blend of modern amenities and timeless charm, this property presents an excellent opportunity for investors or owner-occupants seeking a solid income-generating asset. 7345 S. Calumet is comprised entirely of 3Bd/1Ba units, each of which boasts thoughtfully designed floor plans with comfortable living spaces and modern finishes. Bright and airy interiors are accentuated by a charming sunroom, providing an additional versatile space that can be used as a home office, reading nook, or simply a cozy spot to enjoy the sunlight. Alongside the sunrooms, units feature multiple bedrooms, updated bathrooms, and spacious living areas, providing ample space for residents to relax and entertain. Contemporary kitchens are equipped with standard appliances and ample cabinet space. With four separate units, this property presents a lucrative investment opportunity for discerning buyers. Whether you choose to rent out all units for maximum rental income or occupy one unit while renting out the others, the potential for positive cash flow is evident - from day one, investors can achieve a cap rate of over 7%. Greater Grand Crossing's strong rental market and desirable location make this property a sound addition to any investment portfolio.
| Price History | |
|---|---|
| 2/26/2024 | Listed $520,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Steam |
| Possession | Closing,Tenant's Rights |
| Zoning | MULTI |
| Garage Spaces | 3 |
| Year Built | 1920 |
| Township | Hyde Park |
| Tax Year | 2021 |
| Percent Ownership | Fee Simple |
| Gross Income | 51756 |
| County | Cook |
| Net Operating Income | 18382 |
| Insurance Expense | 2400 |
| New Construction | No |
| Property Type | Residential Income |
| MaintenanceExpense | 400 |
| Total Rooms | 24 |
| Status | Pending |
| Directions | KING DRIVE TO 73RD ST WEST TO CALUMET SOUTH TO ADDRESS |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Greater Grand Crossing |
| Waterfront Y/N | No |
| Street Name | Calumet |
| Tax Annual Amount | 4424 |
| Electric Expense | 525 |
| Fuel Expense | 4172 |
| Water Sewer Expense | 2472 |
| Additional Parcels Y/N | No |
| Days on Market | 72 |
| Standard Status | Pending |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Avenue |
| Total Bedrooms | 12 |
| Total Baths | 4 |
| Bedrooms Possible | 12 |
| Basement | Unfinished |
| Full Baths Building | 4 |
| Total Number of Units | 4 |
Exterior Features
| Model | 4 FLAT |
|---|---|
| Water Source | Lake Michigan,Public |
| Total Parking | 3 |
| Lot Dimensions | 67X160 |
| Lot Size Acres | 0.24 |
| Garage Onsite | Yes |
| Garage Type | Detached |
| Garage Ownership | Owned |
| Exterior | Brick |
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 Pending Average in 60619
Price
Taxes
Visits
Year Built
