$59.23 Per Sq Foot $1,933 est/mo Sourced by Back At You

652 Chappel Avenue,Calumet City, IL 60409

Calumet City IL, 60409

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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***

Details

MLS#12009208
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1976
Days On Site53
Listing Provided ByBaird & Warner | Thomas Sweeney

Features

SQ Feet6,078
Story(s)3
Units6
ZoningMULTI
Acreage0.16

Market Activity 60409

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Learn More About This Property

StateIL
CountyCook
CityCalumet City
Zip Code60409
AreaCalumet City
Listing VS Median (in 60409)
Price:
$360,000
low | high
Med:
$175,000
100% of Average
SqFt:
6,078
low | high
Med:
1,697
100% of Average
$ / SqFt:
$59
low | high
Med:
$117
47.706254521158% of Average
On Site:
53
low | high
Med:
132.000000
40.151515151515% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 8:09:32 PM PDT