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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$229,900

Est. payment - /mo

4 Beds

2 Baths

4,791 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12656262

Style Ranch

Bedrooms 4

Year Built 1978

Annual Tax Amount $7,322

Tax Year 2025

Lot Size 4,791 Sqft

Lot Dimensions 105.6x75.7x53.6x44.1

Property Sub-Type Two to Four Units

Property Description

HIGH-YIELD Investment Opportunity in Calumet City! Calling all investors, this is the chance you've been waiting for. This fully occupied two-unit property delivers strong cash flow and immediate returns with minimal effort. Each unit features two bedrooms and one full bathroom with spacious, clean, and turnkey layouts that tenants desire, allowing you to start earning income the moment you close. The property is 1601 sq. ft. total with separate laundry rooms in each unit, forced-air heating, and individual metering for gas and electric. Kitchens are equipped with ranges, refrigerators, ample cabinetry, and generous counter space, while the bedrooms offer large closets for extra storage. Each of the units has a functional floor plan complimented by unique characteristics like an elegant archway in the front unit, and other material upgrades such as lighting, fixtures, finishes, & more that give each unit it's own charm. Outside, a sizable backyard and long driveway provide plenty of off-street parking. Both units are currently occupied with the front unit being leased at $1300 per month, and the rear unit being leased at $1285 per month, generating a total of $2585 per month and a cap rate of 8.7 percent, with proforma potential reaching $2840 per month. Operating expenses are estimated at 35 percent of gross rent and include taxes, insurance, management, & other operating expenses. This property also presents phenomenal value for anyone looking to live in one unit and rent the other. By taking advantage of multiple different financing options that could strongly benefit any buyer both now and overtime, you could essentially OWN for BELOW what market rent would be. Low maintenance, high occupancy potential, and a solid return makes this an excellent addition to any investment portfolio, whether you're expanding your holdings or purchasing your first multi-unit property, this is one you will want to see, so schedule your showing today! Property is sold AS IS. Buyer to verify all financial information, rents, expenses, financing, square footage, lot size, dimensions, and all other property information.

Location

State IL

County Cook

Area Calumet City

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Exterior

Community Features Sidewalks, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Lincoln Elementary School

School District 156 , 156, 215

Others

Ownership Fee Simple

Special Listing Condition Standard

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Listed by Anil Bhalla of Listing Leaders Northwest, Inc

Nearby School & Business

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

808 Mackinaw AVE Calumet City, IL 60409

Jorel Kilcullen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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