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$1,080,000
147 Days Online

Address Withheld

For Sale|Multi-Family|Active Under Contract
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner
Call Now: 312-766-7076
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312-766-7076
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Fully-occupied, and updated 18-unit multifamily offering in Calumet Park, Illinois, a southern suburb of Chicago. The offering consists of 13 two-bedroom units and 5 one-bedroom units. The recent renovations included: all apartments were rehabbed under the current management, the roof replacement was done in 2018, 90% of window glass inserts were replaced in 2019, new gutters and downspouts were installed, water tank was replaced in 2019, landscaping is being conducted on ongoing basis. The property is very well run with an excellent collection history. Each tenant is thoroughly screened and well documented with written lease agreements. Some leases are one-year lease terms and some are month-to-month. There are 3 tenants who are under Section 8 Program and 1 tenant is under Veteran Housing Program. Flexible rent structure provides a buyer the opportunity to renew or re-tenant at higher rental rates. There is market-supported upside in rents ranging from $50-$150 per unit; many through simple renewal increases.

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Listing Snapshot
Price 
$1,080,000
Days Online 
147 Days
Bedrooms 
N/A
Inside Area (SqFt) 
21,765 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
1963
MLS Number 
11331653
Status 
Active Under Contract
Property Tax 
$41,604
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS
5 months agoStatus changed to Active Under Contract
5 months agoListing first seen online
General Features
Construction 
BlockStone
Parking Spaces 
10
Number of Stories 
3
Acreage 
0.25
Zoning 
MULTI
Number Of Stories 
3
Parking Total 
10
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Exterior Features
Roof 
Composition
Construction Details 
BlockStone
Community Features
MLS Area 
Calumet Park
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner



Based on information submitted to the MLS GRID as of 2022-08-12 11:35 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2022-08-12 11:35 PM UTC
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