Log In/Sign Up
Your email has been sent.
551-561 Wentworth Ave 36 Unit Apartment Building $3,000,000 ($83,333/Unit) 8.81% Cap Rate Calumet City, IL 60409



INVESTMENT HIGHLIGHTS
- Strong Rental Market
- Convenient Suburban Location
- Value-Add Opportunity
- Transit Oriented Location
- Strong School District
- Attractive, Low Maintenance Brick Buildings
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois (the “Property”). The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed in 1968 on 0.52-acres of land with twenty (20) on-site parking spaces. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
PROPERTY FACTS
| Price | $3,000,000 | Building Class | C |
| Price Per Unit | $83,333 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 36,000 SF |
| Cap Rate | 8.81% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MF | ||
| Price | $3,000,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 8.81% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 30-08-405-036-0000 | Improvements Assessment | $116,968 |
| Land Assessment | $9,102 | Total Assessment | $126,070 |
PROPERTY TAXES
Parcel Number
30-08-405-036-0000
Land Assessment
$9,102
Improvements Assessment
$116,968
Total Assessment
$126,070
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
551-561 Wentworth Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
