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146 157th St 12 Unit Apartment Building $800,000 ($66,667/Unit) 10.95% Cap Rate Calumet City, IL 60409
Investment Highlights
- Prime Location: Situated on the Illinois/Indiana border
- Modern Updates: Freshly painted units, hardwood floors throughout
- Strong Rental History: Long-term tenants and consistent cash flow
- Solid Construction: All-brick building with newer furnace and brand-new hot water tanks
- Utilities: Separate gas and electric meters for each unit
- Upside Potential: Opportunity to add value and increase returns
Executive Summary
Investment opportunity: 12-Unit multifamily building An exceptional investment opportunity, well-maintained property, situated in a high-demanded area of Illinois / Indiana border. This solid brick building features a newer furnace, new hot water tanks, units freely painted, 6 one bed room units, 6 studio units, & the potential for a unit below level. This opportunity offers stable rental income & strong tenant appeal. Each unit is spacious, hardwood floors, separate gas & electric meters. Strong rental history with long term tenants, minutes away from major highways, transportation, shopping & near Indiana border. Perfect for both seasoned investors & newcomers looking to expand their portfolio with a turkey asset. Do not miss this opportunity to own a cash-flowing property with upside potential. Contact us today to schedule a private tour *Agent interest
Property Facts
| Price | $800,000 | Building Class | C |
| Price Per Unit | $66,667 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 14,440 SF |
| Cap Rate | 10.95% | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.21/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $800,000 |
| Price Per Unit | $66,667 |
| Sale Type | Investment |
| Cap Rate | 10.95% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,440 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.21/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $900.00 | - |
| 1+1 | 6 | $950.00 | - |
1 1
Property Taxes
| Parcel Number | 30-17-210-016-0000 | Improvements Assessment | $49,419 |
| Land Assessment | $2,440 | Total Assessment | $51,859 |
Property Taxes
Parcel Number
30-17-210-016-0000
Land Assessment
$2,440
Improvements Assessment
$49,419
Total Assessment
$51,859
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Presented by
Open Path Realty
146 157th St
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