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Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12102978
Sold Date 10/07/24
Bedrooms 9
Year Built 1929
Annual Tax Amount $13,325
Tax Year 2022
Lot Dimensions 30 X 125
Property Description
PHENOMENAL 3-UNIT BRICK BUILDING W/SEPARATE UTILITIES. APPLIANCES IN EACH UNIT. RUBBER ROOF, WELL MAINTAINED MULTI-UNIT. IN 2021 - UNIT #3: NEW A/C AND PAINTING, IN 2022 - ALL UNITS UPDATED W/NEW REFRIDGERATORS, IN 2023 - NEW WATER TANK HEATERS INSTALLED IN UNITS #1 & 2, NEW FURNACE INSTALLED IN UNIT #3. HACC INSPECTIONS ARE MODERATE & ACED EASILY WHEREAS THERE IS ZERO RISK OF RENT LOSS DUE TO MAINTENANCE ISSUES AND/OR FAILED INSPECTIONS. FORECASTED RENTAL INCOME TO INCREASE ABOVE $3,800/mo. OR $45,000/yr. BASED ON THE ASSESSMENT RE. HACC RENT INCREASE ANALYSIS FOR THE YEAR 2024. CURRENT AVERAGE NET INCOME FOR THE LAST 3 YEARS: +$15,000 WHICH CAN EASILY INCREASE TO $20,000 IN THE FOLLOWING YEAR. SOLD AS - IS.
Location
State IL
County Cook
Area Calumet City
Zoning OTHER
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Equipment Ceiling Fan(s)
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 3.0
Roof Type Rubber
Building
Sewer Sewer-Storm
Water Lake Michigan
New Construction false
Schools
School District 156 , 156, 215
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Lineata Carter • Carter Elite Realty