"MAKE THIS CORNER LOT, 5+ UNIT, MULTI FAMILY YOUR OWN!! This huge multi family in the heart of Calumet City has tons of potential! Just needs the right touch of TLC. This 4,260 sq ft building is the perfect value-add for the right investor: property has the potential and size to be converted into a legal 6 unit for additional income. Property is also a perfect project for a FHA 203K buyer who's tired of the traditional "cookie cutter" finishes: de-converting the property into a legal 4 unit will allow for FHA/FHA 203K financing. Great opportunity for "house-hacking": use your ideas to make this the perfect live-in property while generating income from the other apartments. This property includes two 2bds/1bth units and four 1bd/1bd units. Property also comes equipped with a private 6 car parking lot (no additional PIN): create assigned spaces to max your full rental income. Property is priced to sell: renovated, sold comparable multi families in Calumet City sold for an average of $310,000! The average market rent for a renovated 2bed unit in Calumet City is $1200, renovated 1bed units can potentially boast $1000. The current building configuration can potentially bring a non-occupying owner $76,800 in gross annual income! Located just a few short blocks from downtown Calumet City, minutes from, shopping, restaurants and public transport. Hurry, don't miss out! **property is sold AS-IS** Property is fully vacant and EZ to show!
Property Map
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Property Details
Utilities
Heating
Cooling
Water
Sewer
Additional Information
Parking
6 Parking Spaces
Payment Calculator
Listing History
12-13-2022
Listed at $130,000
07-01-2023
Status changed to Expired
Last Modified 7/1/23 12:05 AM
Nearby Transportation
I 90 East
2.0 mi
I 94 West
2.2 mi
I 90 West
2.2 mi
I 94 East
2.4 mi
I 294 North
2.9 mi
I 80 West
2.9 mi
Hwy 6 West
2.9 mi
Hwy 394 South
2.9 mi
I 80 East
2.9 mi
I 294 South
2.9 mi
For More Information
(312) 528-9200
For more information about 348 154th, Calumet City, IL 60409 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Straight-A Realty, LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.