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$ 400,000
Est. payment | /mo
6,237 SqFt
$ 400,000
Est. payment | /mo
6,237 SqFt
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+
Property Description
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.
Location
State IL
County Cook
Area Calumet City
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Sarah Leonard of Legacy Properties, A Sarah Leonard Company, LLC
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Sarah Leonard
Broker | Owner