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$3,000,000

Est. payment - /mo

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0.52 Acres Lot

Active

559 Wentworth AVE Calumet City, IL 60409

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12547131

Maintenance Fees $18,500

Year Built 1968

Annual Tax Amount $62,653

Tax Year 2024

Lot Size 0.520 Acres

Lot Dimensions 200X125

Property Sub-Type Multi Family 5+

Property Description

CURRENT 9 CAP RATE - Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois. The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units. About half of the units have been recently renovated, and they property is fully stabilized with full occupancy. Property current taxes are locked in for $65,000 per year through the Affordable Housing Special Assessment Program giving clear site to maintained great cash flow for the future. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

Location

State IL

County Cook

Area Calumet City

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Listed by Anthony Spangler of Horvath & Tremblay IL, LLC

Nearby School & Business

SCHOOLSPROPERTIES

Elementary Schools 20

7

Grissom Elementary School

Public | KG - 8
6

Thomas Jefferson Elementary School

Public | PK - 5
5

Lincoln Elementary School

Public | PK - 8
5

Lafayette Elementary School

Public | PK - 5
4

Clay Elementary School

Public | PK - 8
4

Kenwood Elementary School

Public | KG - 5
4

Abraham Lincoln Elementary School

Public | PK - 5
4

Thomas a Edison Elementary School

Public | PK - 5
4

Frank O'Bannon Elementary School

Public | PK - 5
3

Carol Moseley Braun School

Public | 1 - 6
3

Burnham Elementary School

Public | PK - 8
3

Reavis Elementary School

Public | KG - 5
3

Columbia Elementary School

Public | KG - 5
2

Wentworth Intermediate School

Public | 3 - 5
1

New Beginnings Learning Academy

Public | KG - 6
1

Caroline Sibley Elementary School

Public | KG - 6
1

Hoover Elementary School

Public | PK - 5
1

Lew Wallace Elementary School

Public | PK - 5
1

Washington Irving Elementary School

Public | PK - 5
1

Maywood Elementary School

Public | PK - 5

Middle Schools 8

5

Wentworth Jr High School

Public | 6 - 8
5

Hammond Academy of Science & Tech

Public | 6 - 12
3

Donald E Gavit Mdl/High School

Public | 6 - 12
2

School of Fine Arts

Public | 6 - 8
2

Henry W Eggers Elementary/Md School

Public | 6 - 8
1

Creative Communications Academy

Public | 6 - 8
1

S T E M Academy

Public | 6 - 8
1

Schrum Memorial School

Public | 6 - 8

High Schools 6

5

Thornton Fractnl No High School

Public | 9 - 12
1

Hammond High School

Public | 9 - 12
1

East Chicago Central High School

Public | 9 - 12
0

American School

Private | 9 - 12
0

Area Career Center

Public | 9 - 12
0

Bishop Noll Institute

Private | 9 - 12

School and business data provided by Attom Data.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106