7345 S Calumet Avenue Chicago, IL $ 520,000
7345 S Calumet Avenue
$ 520,000
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7345 S Calumet Avenue

Chicago, IL, 60619
$ 520,000
Bedrooms12 Baths4.0

Monthly Estimate*

$ 3,632

7345 S Calumet Avenue, Chicago, IL 60619 - Image 1
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7345 S Calumet Avenue, Chicago, IL 60619 - Image 3
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7345 S Calumet Avenue, Chicago, IL 60619 - Image 6

Multi-Family Home for sale in Chicago, IL

for $520,000 with 12 bedrooms and 4 full baths. This home was built in 1920 on a lot size of 0.24.

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.

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Multi-Family Active

Price

$ 520,000

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,424

Style

Lot Size

0.24

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11988448

Features
Exterior
Model 4 FLAT
Water Source Lake Michigan Public
Total Parking 3
Lot Dimensions 67X160
Lot Size Acres 0.24
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick
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General
Sewer Public Sewer
Heating Natural Gas Steam
Possession Closing Tenant's Rights
Zoning MULTI
Garage Spaces 3
Year Built 1920
Township Hyde Park
Tax Year 2021
Percent Ownership Fee Simple
Gross Income 51756
County Cook
Net Operating Income 18382
Insurance Expense 2400
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 24
Status Active
Directions KING DRIVE TO 73RD ST WEST TO CALUMET SOUTH TO ADDRESS
City Chicago
High School District 299
MLS Area CHI - Greater Grand Crossing
Waterfront Y/N N
Street Name Calumet
Tax Annual Amount 4424
Electric Expense 525
Fuel Expense 4172
Water Sewer Expense 2472
Additional Parcels Y/N N
Days on Market 56
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Full Unfinished
Street Suffix Avenue
Total Bedrooms 12
Total Baths 4
Bedrooms Possible 12
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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* Excluded Features
List By
Kiser Group Realty Inc

Broker

asklar@kisergroup.com

Email

Affordability Calculator

$4,001
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,632
Monthly Property Taxes
$369
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$520,000 Listed Price

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7345 S Calumet Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $520,000 with a lot size of 0.24. 7345 S Calumet Avenue has 12 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 60619 which is in Chicago, IL