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394 Cornell Avenue

Calumet City, IL 60409
  • $684,900
  • STATUS: Active Under Contract
  • ON SITE: 98 Days
  • MLS #: 11242811
Under Contract
UPDATED: 44 min ago
$684,900
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

Description

Step right into cash-flow in this well maintained 12 unit multi-family investment. Building has 10 (2) bedroom units and 2 (1) bedroom units. Laundry facilities on the first floor and 12 parking spaces in the back of the building. Recent updates in 2021 include fresh interior paint and light fixtures in the common areas. Current CAP rate with below market rents is 8.46% and with raising rents to market rent the projected CAP rate is 10.35%. Property located in the rear of a residential neighborhood close to shopping and interstate 94. 11 of 12 units rented. Vacant unit and common areas will be available to show on initial walkthrough. Broker/family owned.

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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 2022-01-17T16:59:30.78 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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394 Cornell Avenue Calumet City, IL 60409

  • Price: $684,900
  • Status: Active Under Contract
  • On Site: 98 Days
  • Updated: 44 min ago
  • MLS #: 11242811
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1972
Built
Neighborhood:
Calumet City
County:
Cook
Area:
Calumet City
Property Description
Step right into cash-flow in this well maintained 12 unit multi-family investment. Building has 10 (2) bedroom units and 2 (1) bedroom units. Laundry facilities on the first floor and 12 parking spaces in the back of the building. Recent updates in 2021 include fresh interior paint and light fixtures in the common areas. Current CAP rate with below market rents is 8.46% and with raising rents to market rent the projected CAP rate is 10.35%. Property located in the rear of a residential neighborhood close to shopping and interstate 94. 11 of 12 units rented. Vacant unit and common areas will be available to show on initial walkthrough. Broker/family owned.
Exterior Features

Outdoor Parking 6-12 Spaces Parking Total 12

Interior Features

Cooling Window Unit(S) Heat Ventilation Central Bldg HeatRadiant Number Of Dryers 2 Number Of Ranges 12 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Electric Circuit Breakers Fire Protection Alarm On SiteSmoke Or Fire Protectors Gross Income 136740 Gross Scheduled Income 137740 Insurance Expense 5537 Maintenance Expense 9571 Net Operating Income 57928 Operating Expense 72975 Tax Annual Amount 31691 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 11395 Township Thornton Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Homeriver Illinois 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 2022-01-17T16:59:30.78 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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