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1617 Memorial Dr
Calumet City, IL 60409
Multifamily Property For Sale
·
12 Units

Property Facts
| No. Units | 12 | Building Size | 4,267 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Building Class | C | Year Built | 1960 |
| Lot Size | 0.10 AC | Parking Ratio | 2.81/1,000 SF |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,267 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 2.81/1,000 SF |
About 1617 MEMORIAL DR , CALUMET CITY, IL 60409
This is a 12-unit investment offering located in a quiet community of Calumet City. The composition of units is 10-two bedrooms and 2-one bedrooms. The property is located on the south-west corner of Memorial Drive in Calumet City. The property has individual furnaces to each unit; the expense of heating the units are the responsibility of the tenants. The property is currently fully occupied and in excellent condition. The rents have room for increases. The property fully cash-flows after debt service and is stabilized. The cap rate is 10.6%. Calumet City is a city in Cook County, Illinois, United States. The ZIP code is 60409. Calumet City (commonly referred to locally as "Cal City") was founded in 1893 when the villages of Schrumville and Sobieski Park merged under the name of West Hammond since it lies on the west side of the Illinois-Indiana line from Hammond, Indiana. In 1924, West Hammond officially became Calumet City after its citizens voted to change the name in 1923. In addition to being bordered to the east by Hammond, it is also bordered by Burnham and Chicago to the north, Lansing to the south, and South Holland and Dolton to the west. A landmark and point of pride among Cal City residents is the pair of large water towers painted like the popular "Have a Nice Day" smiley faces.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 29-12-419-002-0000 | Improvements Assessment | $15,522 |
| Land Assessment | $1,719 | Total Assessment | $17,241 |
Property Taxes
Listing ID: 12582560
Date on Market: 5/16/2018
Last Updated:
Address: 1617 Memorial Dr, Calumet City, IL 60409
The Multifamily Property at 1617 Memorial Dr, Calumet City, IL 60409 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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