Chicago, IL 60637 5938-40 S Calumet Avenue
$998,900
8 more
Presented By: Charles Rutenberg Realty of IL
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Beds • 8
Home Details
Vintage 1920's 8 unit apartment building in the South Side's emerging Woodlawn quadrant. All units have generous room sizes, nine foot ceilings, oroginal restored hardwood floors. All eight units have separate gfa furnaces and hot water tanks. The apartment mix consists of A: 5, 4 bedroom, 1 bath units, B. 1, 3 bedroom, 1 bath unit; C. 1 1 bedroom, 1 bath unit; D. 1 studio unit. All units are leased. Cap rate on property is 8.7 Note the spacious lot dimensions. Property has a large gated rear yard for tenant enjoyment . some parking off the alley
Presented By: Charles Rutenberg Realty of IL
Interior Features for 5938-40 S Calumet Avenue
Other Interior Features
BasementFinished
Total Fireplaces
General for 5938-40 S Calumet Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Concrete, Stone
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
Current UseMulti-Family
Days on Market360
DirectionsMLK DR. south from 55th St. Right on 60th to Calumet (first right), property on west side of street.
ElectricCircuit Breakers
Electric Expense780
Fuel Expense
Gross Income139440
Insurance Expense4967
MLS AreaCHI - Washington Park
MaintenanceExpense5200
Net Operating Income111397
NumberOfUnitsTotal8
Operating Expense28643
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofTar and Gravel
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount7664
Tax Year2021
Tenant PaysElectricity, Heat, Hot Water
TownshipHyde Park
Trash Expense1600
UtilitiesSanitary Sewer, Sewer-Storm Available, Water-Municipal
Virtual TourClick here
Water Sewer Expense2762
Year Built1920
ZoningCOMMR
Exterior for 5938-40 S Calumet Avenue
ExteriorBrick, Stone
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X170
Additional Details
Price History
