CURRENT 9 CAP RATE - Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois. The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units. About half of the units have been recently renovated, and they property is fully stabilized with full occupancy. Property current taxes are locked in for $65,000 per year through the Affordable Housing Special Assessment Program giving clear site to maintained great cash flow for the future. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
Listed By
Agency Name: Horvath & Tremblay IL, LLC
Agency Phone: 312-361-1643
Shown By
Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Estimated Payment
$ 12,772.78 per month $6,676.70 Principal & Interest $5,221.08 Property Tax $875.00 Homeowner's Insurance
559 Wentworth Avenue | MLS# 12547131
This multi-family property located at 559 Wentworth Avenue, Calumet City, IL 60409 is currently listed for sale with an asking price of $3,000,000. Search Calumet City real estate on elmo.bhhscrosby.com today.