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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$899,996

Est. payment - /mo

7,486 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,486 sqft

Price per Sqft $120

MLS Listing ID 12605135

Maintenance Fees $3,800

Year Built 1960

Annual Tax Amount $29,000

Tax Year 2024

Lot Dimensions 50 x 125

Property Sub-Type Multi Family 5+

Property Description

Well-maintained 12-unit apartment building represents an excellent investment opportunity, combining an attractive unit mix with established rental income. The property includes FOUR spacious 2-bedroom units and EIGHT 1-bedroom units, providing a balanced selection of residences that supports strong and consistent rental performance. The property is currently generating solid rents, with two-bedroom units renting for $1,100 per month and one-bedroom units renting for $1,000 per month, resulting in an attractive estimated annual income of $148,800. This building is well suited for both experienced investors and those seeking to expand their portfolios. In addition, to its existing income stream and stable tenant base, the property offers opportunities for increased cash flow through future rental adjustments or operational improvements. Its 12-unit configuration also provides investors with multiple sources of rental revenue within a single property, making it a compelling option for those seeking an established multifamily asset with additional value potential. Conveniently located near the Illinois-Indiana border, the property provides access to shopping; the Metra train station; entertainment; educational; cultural establishments; and major highways. These nearby transportation and other options add to the property's overall convenience and accessibility. Trane high efficiency economical heating system. Whether the objective is to acquire a turnkey investment with current rental income or pursue opportunities to enhance future performance, this 12-unit apartment building presents a compelling investment opportunity in a growing rental market.

Location

State IL

County Cook

Area Calumet City

Zoning MULTI

Rooms

Basement Unfinished, Egress Window, 8 ft + pour, Partial Exposure

Interior

Cooling Wall Sleeve

Fireplace N

Building

Dwelling Type Multi Family 5+

Sewer Public Sewer

Water Municipal Water

Structure Type Brick

Others

HOA Fee Include None

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Listed by Cimena Cummings of Infiniti Properties, Inc.

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

486 Buffalo AVE Calumet City, IL 60409

Garrett Johnson

Key Details

Location

Rooms

Interior

Building

Others

Nearby School & Business

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