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Listed by Anthony Spanglerof Horvath & Tremblay IL, LLC
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Est. payment | /mo
0.52 Acres Lot
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Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12547131
Year Built 1968
Annual Tax Amount $62,653
Tax Year 2024
Lot Size 0.520 Acres
Lot Dimensions 200X125
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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