$345,000
$360,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
6,078 SqFt
SOLD DATE : 06/14/2024
Key Details
Sold Price $345,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,078 sqft
Price per Sqft $56
MLS Listing ID 12009208
Sold Date 06/14/24
Maintenance Fees $250
Year Built 1976
Annual Tax Amount $17,393
Tax Year 2022
Lot Size 6,969 Sqft
Lot Dimensions 60 X 123
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***
Location
State IL
County Cook
Area Calumet City
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Roof Type Composition,Tar and Gravel
Building
Level or Stories 3
Structure Type Brick
Others
HOA Fee Include None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Vergis Eiland • @properties Christie's International Real Estate
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