Chicago, IL 60619 7345 S Calumet Avenue

7345 S Calumet Avenue Chicago, IL - Image 17345 S Calumet Avenue Chicago, IL - Image 27345 S Calumet Avenue Chicago, IL - Image 3
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Presented By: Kiser Group Realty Inc
  • MLS# 11988448
  • 02/25/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 12
  • Baths • 4
  • Garage • 3

Home Details

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.
Presented By: Kiser Group Realty Inc

Interior Features for 7345 S Calumet Avenue

Bedrooms

Bedrooms Possible12
Total Bedrooms12

Bathrooms

Full Baths Building4
Half Baths Building
Total Baths4

Other Interior Features

BasementFull
BasementUnfinished
Total Number of Units4

General for 7345 S Calumet Avenue

Additional Parcels Y/NNo
CityChicago
CountyCook
Days on Market107
DirectionsKING DRIVE TO 73RD ST WEST TO CALUMET SOUTH TO ADDRESS
Electric Expense525
Elementary School District299
Fuel Expense4172
Garage Spaces3
Gross Income51756
HeatingNatural Gas, Steam
High School District299
Insurance Expense2400
MLS AreaCHI - Greater Grand Crossing
MaintenanceExpense400
Middle/Junior School District299
Net Operating Income18382
New ConstructionNo
Percent OwnershipFee Simple
PossessionClosing, Tenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount4424
Tax Year2021
Total Rooms24
TownshipHyde Park
Water Sewer Expense2472
Waterfront Y/NNo
Year Built1920
ZoningMULTI

Exterior for 7345 S Calumet Avenue

ExteriorBrick
Garage OnsiteYes
Garage OwnershipOwned
Garage TypeDetached
Lot Dimensions67X160
Lot Size Acres0.24
Model4 FLAT
Total Parking3
Water SourceLake Michigan, Public

Additional Details

Price History

Worth Clark

Price $520,000
MLS#11988448
List Date 02/25/2024
Property Type Multi-Family
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