83 Paxton AVE
Multi-Family $ 400,000

83 Paxton AVE

Calumet City, IL 60409

  • 6,237 SqFt
  • 7,405 Lot Size
  • 1972 Year Built
Turnkey investment opportunity! This well-maintained six-unit multifamily property offers an excellent opportunity to add a solid income-producing asset to your portfolio. The building consists of five spacious two-bedroom, one-bath apartments that are currently tenant occupied and producing immediate rental income, along with one one-bedroom, one-bath unit currently utilized for owner occupancy. This unique setup provides an outstanding opportunity for an owner-occupant to offset living expenses with rental income or for an investor to maximize income by leasing the sixth unit. Recent capital improvements, including a newer roof, front windows, furnaces, and water heater, help minimize future maintenance expenses and enhance long-term value. A rear parking area provides convenient off-street parking for tenants. Ideally located in Calumet City with easy access to major expressways, public transportation, shopping, dining, parks, schools, and nearby Indiana, this property offers a desirable location for tenants and investors alike. Convenient access to I-94 and I-80 makes commuting throughout the south suburbs and into downtown Chicago simple and efficient. Whether you're looking to expand your investment portfolio or live on-site while generating substantial rental income, this well-maintained six-flat is an outstanding opportunity. Please allow a minimum of 24 hours' notice for all showings due to tenant occupancy.
Listed by Sarah Leonard of Legacy Properties, A Sarah Leonard Company, LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family 5+

    Listing Status Active

    Purchase Type For Sale

    Square Footage 6, 237 sqft

    Price per Sqft $64

    MLS Listing ID 12722883

    Maintenance Fees $300

    Year Built 1972

    Annual Tax Amount $20,588

    Tax Year 2024

    Lot Size 7,405 Sqft

    Lot Dimensions 40'X128'

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Area Calumet City

    Zoning MULTI

  • Building

    Dwelling Type Multi Family 5+

    Structure Type Brick

  • Interior

    Fireplace N

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