Corcoran Urban Real Estate
$0 to $5,000,000
3+ Beds
Any Baths
For Sale
44 Properties In Neighborhood: Park Manor

7345 S Calumet
Chicago, IL 60619

  • 12 Beds
  • Built In 1920
Price

$520,000

Est Payment
$3,164 / month (details)  
Taxes
$4,424  
Beds
12  
Rooms
24  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
67X160  
Built
1920  
Neighborhood
Park Manor  
MLS
#11988448
Status
Active (52 days)

Property Description

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 Map

Property Details

Utilities

  • Heating Natural Gas, Steam
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Public Sewer

Additional Information

Parking
3 Garage Spaces, Garage On Site, Owned
Schools
District 299

Payment Calculator

$
$
$
$
$
%
$
years
%
Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-26-2024 Listed at $520,000
03-12-2024 Status changed to Under Contract
03-25-2024 Status changed to Active
03-26-2024 Status changed to Under Contract
04-15-2024 Status changed to Active
Last Modified 4/15/24 4:26 PM

Nearby Transportation

  • Bus 3 0.1 mi
  • Bus 75 0.2 mi
  • Bus 71 0.3 mi
  • Bus 29 0.5 mi
  • Bus 4 0.5 mi
  • Bus 67 0.6 mi
  • Bus 30 0.6 mi
  • Bus 5 0.6 mi
  • Bus 95 0.6 mi
  • Bus 79 0.7 mi
  • Bus 24 0.7 mi
  • Bus 169 0.8 mi
  • Bus 8A 0.9 mi
  • Metra Electric 1.1 mi
  • Red Line 0.7 mi
  • I 94 West 0.5 mi
  • I 94 East 0.5 mi
  • I 90 East 0.5 mi
  • I 90 West 1.5 mi
  • Hwy 57 3.1 mi
  • Hwy 57 3.5 mi
grid
Register to see 3 more properties