$520,000
7345 S Calumet Avenue
Chicago, IL, 60619
7345 S. Calumet Ave is a meticulously maintained four (4) unit building nestled in the vibrant Chicago community of Greater Grand Crossing. Offering a blend of modern amenities and timeless charm, this property presents an excellent opportunity for investors or owner-occupants seeking a solid income-generating asset. 7345 S. Calumet is comprised entirely of 3Bd/1Ba units, each of which boasts thoughtfully designed floor plans with comfortable living spaces and modern finishes. Bright and airy interiors are accentuated by a charming sunroom, providing an additional versatile space that can be used as a home office, reading nook, or simply a cozy spot to enjoy the sunlight. Alongside the sunrooms, units feature multiple bedrooms, updated bathrooms, and spacious living areas, providing ample space for residents to relax and entertain. Contemporary kitchens are equipped with standard appliances and ample cabinet space. With four separate units, this property presents a lucrative investment opportunity for discerning buyers. Whether you choose to rent out all units for maximum rental income or occupy one unit while renting out the others, the potential for positive cash flow is evident – from day one, investors can achieve a cap rate of over 7%. Greater Grand Crossing’s strong rental market and desirable location make this property a sound addition to any investment portfolio.
Property Details
Price:
$520,000
MLS #:
MRD11988448
Status:
Active
Beds:
12
Baths:
4
Address:
7345 S Calumet Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Feb 25, 2024
State:
IL
ZIP:
60619
Year Built:
1920
Schools
School District:
299
Interior
Heating
Natural Gas, Steam
Exterior
Parking Spots
3
Financial
Buyer Agent Compensation
0%Gross Sale Price
Tax Year
2021
Taxes
$4,424
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Kiser Group Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
7345 S Calumet Avenue
Chicago, IL
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