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Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12061973
Sold Date 10/09/24
Year Built 1978
Annual Tax Amount $19,997
Tax Year 2022
Lot Dimensions 7500
Property Description
Discover the perfect blend of residential charm and commercial potential with this meticulously rehabbed property in the heart of Calumet City. Nestled on a picturesque, tree-lined street, this commercial gem offers a unique opportunity for savvy investors or business owners seeking a prime location. Boasting a total of 6 units, this property features a thoughtful mix of living spaces, including 1 spacious one-bedroom unit and 5 generously sized two-bedroom units. Each unit has been tastefully updated with stunning hardwood laminate flooring throughout, creating a warm and inviting atmosphere. Designed with modern convenience in mind, the units are equipped with brand-new stainless steel appliances, ensuring a seamless and stylish living experience for tenants. The inclusion of heat in the rental fees adds an extra layer of comfort and value, while the individual wall A/C units provide personalized climate control for each resident. Offering exceptional energy efficiency and cost-savings, the property boasts a state-of-the-art boiler heating system, ensuring low gas bills and reducing the overall operational expenses for the building. Additionally, the on-site laundry room and boiler room generate an impressive $6,000 in annual revenue with just one set of machines, presenting an attractive source of passive income. Complementing the impressive interior features, the property offers ample private paved parking for tenants, with 6 dedicated spaces conveniently located in the rear. This added convenience ensures a hassle-free living experience for residents and their guests. Situated in a prime location, this property offers a unique blend of residential tranquility and commercial potential, making it an exceptional investment opportunity. Don't miss your chance to own this stunning rehabbed gem - schedule your viewing today and experience the perfect combination of style, convenience, and profitability.
Location
State IL
County Cook
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Rubber
Building
Structure Type Brick
Others
HOA Fee Include Heat,Water,Parking
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Kenyon Gamble • Jean Pierre Realty Int'l
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959