Address
652 Chappel Avenue, Calumet City, IL
Price
$ 360,000
Property Attributes
- MLS#12009208
- TypeContingent
- CountyCOOK
- CityCalumet City
- AreaCalumet City
- NeighborhoodGreenwood
- Zip60409
- StyleMulti-Family
- Year Built1976
- Taxes$ 17393
- Price$ 360,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6078
- Lot Size6,970 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This six-unit income property in Calumet City offers an enticing investment opportunity with its four two-bedroom units and two large one-bedroom units, all featuring decks, shared laundry facilities, ample parking, and additional storage units. Boasting a near 10% cap rate, it presents a compelling choice for investors seeking stable returns. The property's long-term market tenants and guaranteed rental income through subsidies further enhance its appeal, ensuring consistent cash flow. Situated strategically and well-maintained, it stands as a valuable asset in the real estate market, promising both growth and income potential. With convenience amenities like parking and storage units alongside its attractive rental units, this property holds promise for seasoned investors and newcomers alike, offering a blend of security and profitability in a competitive market.***Highest and Best Friday 12pm All offers on a CAR multi unit contract, proof of funds. Thank you***
| Price History | |
|---|---|
| 4/6/2024 | Listed $360,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Utilities | Sanitary Sewer,Sewer-Storm Available,Water-Municipal |
| Possession | Closing |
| Roof | Composition,Tar and Gravel |
| Zoning | MULTI |
| Association Fee Includes | None |
| Construction Materials | Brick |
| Year Built | 1976 |
| Electric | Circuit Breakers,Service - 0 to 100 Amps,Power - 120V |
| Tenant Pays | Electricity |
| Stories | 3 |
| Township | Thornton |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 78360 |
| County | Cook |
| Net Operating Income | 33808 |
| Operating Expense | 27157 |
| Insurance Expense | 357 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| MaintenanceExpense | 250 |
| Possible Use | Multi-Family |
| Status | Contingent |
| Directions | east/west on Michigan City Rd to Chappel,south to property. |
| City | Calumet City |
| Total Units | 6 |
| MLS Area | Calumet City |
| Lot Size Square Feet | 7380 |
| Street Name | Chappel |
| Tax Annual Amount | 17393 |
| Electric Expense | 64 |
| Fuel Expense | 409 |
| Trash Expense | 90 |
| Water Sewer Expense | 153 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://tours.vht.com/BWI/T434376424/nobranding |
| Days on Market | 10 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|---|
| Basement | Slab |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 6078 |
| Lot Dimensions | 60 X 123 |
| Lot Size Acres | 0.16 |
| Frontage Type | City Street |
| 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 Contingent Average in 60409
Price
Taxes
Visits
Year Built
