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12311 S Peoria Street

Calumet Park, IL 60827
  • $130,000
  • STATUS: Active Under Contract
  • ON SITE: 181 Days
  • MLS #: 11167574
Under Contract
$130,000
  • 7
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:
Area:

School Ratings & Info

School District:
132

Description

Live in the 2nd floor unit and let your 1st floor tenant pay your mortgage! Great "house-hacking" opportunity for an owner occupant and a great opportunity for an investor in the quickly developing neighborhood of Calumet Park! Unit #1 is a 5 bed, 2 bath duplexed apartment (occupied) and Unit #2 is a 2 bed, 1 bath apartment (vacant). Unit #1 is being rented below market value. Applying cosmetic upgrades would enable the new owner to maximize cash flow - receiving up to $1,100 for a renovated 2-bedroom unit and up to $1,700 for the duplexed 5-bedroom unit, that's $2,800 per month in gross rental income! Other notable features include a huge, fenced backyard and spacious bedrooms, new furnance, new water heater, and newer HVAC. Located at the end of a roundabout, eliminating heavy through traffic. Near recreational parks, public transportation, and retail. 2nd floor unit is vacant and recently renovated! Now great for an owner occupant that wants to live for free by having the first floor tenant pay the mortgage! ***New appliances are scheduled to be installed the week of 11/22/21 for Unit #2*** Please act swiftly as this opportunity will not last long! Unit #1 tenant pays rent on time and is paid up through December 2021!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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12311 S Peoria Street Calumet Park, IL 60827

  • Price: $130,000
  • Status: Active Under Contract
  • On Site: 181 Days
  • MLS #: 11167574
7
Beds
0
Baths
0
½ Baths
0.07
Acres
1908
Built
Neighborhood:
Calumet Park
County:
Cook
Area:
Calumet Park
School District:
132
Property Description
Live in the 2nd floor unit and let your 1st floor tenant pay your mortgage! Great "house-hacking" opportunity for an owner occupant and a great opportunity for an investor in the quickly developing neighborhood of Calumet Park! Unit #1 is a 5 bed, 2 bath duplexed apartment (occupied) and Unit #2 is a 2 bed, 1 bath apartment (vacant). Unit #1 is being rented below market value. Applying cosmetic upgrades would enable the new owner to maximize cash flow - receiving up to $1,100 for a renovated 2-bedroom unit and up to $1,700 for the duplexed 5-bedroom unit, that's $2,800 per month in gross rental income! Other notable features include a huge, fenced backyard and spacious bedrooms, new furnance, new water heater, and newer HVAC. Located at the end of a roundabout, eliminating heavy through traffic. Near recreational parks, public transportation, and retail. 2nd floor unit is vacant and recently renovated! Now great for an owner occupant that wants to live for free by having the first floor tenant pay the mortgage! ***New appliances are scheduled to be installed the week of 11/22/21 for Unit #2*** Please act swiftly as this opportunity will not last long! Unit #1 tenant pays rent on time and is paid up through December 2021!
Exterior Features

Exterior Building Type Frame Exterior Features Porch Foundation Details Concrete Perimeter Is Parking Included In Price No Lot Features Corner LotFenced Yard Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking None Parking Details None Roof Asphalt Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 7 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 14

Property Features

Age 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Calumet Park General Information Commuter BusCommuter TrainInterstate Access New Construction YN No Other Equipment Ceiling Fan(S) Ownership Fee Simple Rebuilt YN No Rehab Year 2016 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 7216.56 Tax Year 2019 Total Numberof Unitsin Building 2 Township Calumet Type Two To Four Units Water Source Public Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Straight-A Realty, Llc.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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