$684,900
$684,900
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0.3 Acres Lot
SOLD DATE : 03/25/2022
Key Details
Sold Price $684,900
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11242811
Sold Date 03/25/22
Maintenance Fees $9,571
Year Built 1972
Annual Tax Amount $31,691
Tax Year 2020
Lot Size 0.300 Acres
Lot Dimensions 125X105
Property Sub-Type Multi Family 5+
Property Description
Step right into cash-flow in this well maintained 12 unit multi-family investment. Building has 10 (2) bedroom units and 2 (1) bedroom units. Laundry facilities on the first floor and 12 parking spaces in the back of the building. Recent updates in 2021 include fresh interior paint and light fixtures in the common areas. Current CAP rate with below market rents is 8.46% and with raising rents to market rent the projected CAP rate is 10.35%. Property located in the rear of a residential neighborhood close to shopping and interstate 94. 11 of 12 units rented. Vacant unit and common areas will be available to show on initial walkthrough. Broker/family owned.
Location
State IL
County Cook
Area Calumet City
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 3
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Michael Fisher • KamBri Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "