$4,125,000 $22,144 est/mo Sourced by Back At You

5219 S Calumet Avenue,Chicago, IL 60615

Chicago IL, 60615

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Description

5219 S. Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and just one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba, and five (5) 3Bd/1Ba units. All units are incredibly spacious and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides investors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1,673,420 - 4.97% Rate - 5 Years Remaining

Details

MLS#11977392
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1903
Days On Site107
Listing Provided ByKiser Group Realty Inc | John George

Features

Story(s)4
Units26

Market Activity 60615

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60615
AreaCHI Washington Park
Listing VS Median (in 60615)
Price:
$4,125,000
low | high
Med:
$265,000
100% of Average
On Site:
107
low | high
Med:
22.500000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:29:25 PM PDT