4957 S Calumet Avenue
Chicago, IL 60615

More
Photos »

Tools & Resources:

Description

BRONZEVILLE / GRAND BOULEVARD - FOR SALE: Fully gut-rehabbed 15-unit multifamily property located in the Grand Boulevard section of Bronzeville. The building consists of fifteen (2BD/1BA) units, each updated with in-unit washer/dryers and individual furnaces. Major capital improvements include a new roof, new plumbing, new electrical, and updated hardware throughout. The property offers minimal operating expenses, with ownership responsible for water only. An excellent opportunity to acquire a turnkey, low-maintenance asset in a strong Chicago rental market.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60615
• Year Built: 1902
• Stories: 3
• Units: 15 units
• Lot Size: 6534 sq ft lot
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Directions: Take I-90 E/I-94 E toward the Dan Ryan Expressway. Continue to Exit 56B for 47th St. From there, follow 47th St, then head south on Michigan Ave, continue east on 50th St, and follow it to Calumet Ave.
• Electric Expense: 360
• Gross Income: 284280
• Gross Rent Multiplier: 9.85
• Heat/Ventilation: Individual Furnaces
• Insurance Expense: 12000
• Main Type: Commercial Sale
• Maintenance Expense: 4500
• Operating Expense: 72924
• Outdoor Parking: Parking-Street
• Tax Annual Amount: 34421
• Tax Year: 2024
• Total Monthly Income: 23690
• Type Multi-Family: Corridor-Exterior Entrance
• Washer/Dryer Lsd (Y/N): Yes
• Water Sewer Expense: 6000