Calumet City, IL 60409,652 Chappel AVE
Calumet City, IL 60409,652 Chappel AVE
Calumet City, IL 60409,652 Chappel AVE
Calumet City, IL 60409,652 Chappel AVE
Calumet City, IL 60409,652 Chappel AVE
Calumet City, IL 60409,652 Chappel AVE
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$345,000

$360,000

4.2%
Est.Price: ?

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Est. payment /mo

6,078 SqFt


SOLD DATE : 06/14/2024

Key Details

Sold Price $345,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,078 sqft

Price per Sqft $56

MLS Listing ID 12009208

Sold Date 06/14/24

Maintenance Fees $250

Year Built 1976

Annual Tax Amount $17,393

Tax Year 2022

Lot Size 6,969 Sqft

Lot Dimensions 60 X 123

Property 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***

Location

State IL

County Cook

Area Calumet City

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal

Roof Type Composition,Tar and Gravel

Building

Level or Stories 3

Structure Type Brick

Others

HOA Fee Include None

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Midwest Real Estate Data (MRED) IDX
Listed by Thomas Sweeney • Baird & Warner
Bought with Vergis Eiland • @properties Christie's International Real Estate
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