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Michael Scanlon

michael.scanlon@exprealty.com +1(773) 630-9205

Listed by Michael Scanlonof eXp Realty

Est. payment - /mo

4 Beds

4,791 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12712333

Style Ranch

Bedrooms 4

Year Built 1978

Annual Tax Amount $6,902

Tax Year 2024

Lot Size 4,791 Sqft

Lot Dimensions 105.6x75.7x53.6x44.1

Property Sub-Type Two to Four Units

Property Description

Fantastic opportunity for investors and house hackers in Calumet City with cash flow from day one! This fully occupied brick two-unit property features two bedrooms and one full bathroom in each apartment, with approximately 1,601 total square feet. Both units have practical layouts, equipped kitchens, spacious bedrooms, generous closet space, and their own laundry rooms. Gas and electric are separately metered, and each unit has forced-air heating. Outside, the property offers a spacious backyard and a long driveway with off-street parking. The one-story layout and slab foundation also mean there is no basement or shared basement area to maintain. The front unit currently rents for $1,300 per month, while the rear unit rents for $1,285, generating $2,585 in monthly rent and $31,020 annually. Based on estimated operating expenses of 35%, the property produces an estimated NOI of $20,163 and a cap rate of approximately 9.6% at the asking price. Pro forma rents are estimated at $2,840 per month, offering the potential for an approximately 10.5% cap rate. A solid addition to any rental portfolio with established income and room for future rent growth. Sold as-is. Buyer to verify rents, leases, expenses, projections, square footage, and all other property information.

Location

State IL

County Cook

Community Sidewalks, Street Paved

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Lincoln Elementary School

School District 156, 156, 215

Others

Ownership Fee Simple

Special Listing Condition None

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Michael Scanlon

+1(773) 630-9205

Team leader | License ID: 475.188240

Team leader License ID: 475.188240

808 Mackinaw AVE Calumet City, IL 60409

Michael Scanlon

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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