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5219 S Calumet Avenue,  Chicago IL, 60615

(Active)
$4,125,000
|
|
MLS# 11977392
Last Updated: 5/15/2024 4:32 PM
Description for 5219 S Calumet Avenue Chicago, IL 60615
5219 S. Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and just one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba, and five (5) 3Bd/1Ba units. All units are incredibly spacious and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides investors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1,673,420 - 4.97% Rate - 5 Years Remaining
Price
$4,125,000
Cook
11977392
Active
Description
5219 S. Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and just one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba, and five (5) 3Bd/1Ba units. All units are incredibly spacious and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides investors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1,673,420 - 4.97% Rate - 5 Years Remaining
Listing Information
Property Type: Multi-Family, Business Opportunities, 3+ Story
1903 4
26 Total
Neighborhood
Room Information
Exterior / Lot Features
70' X 197'
Driving Directions
Going west on E 51st Street, turn left before the 51st CTA Train Stop to go southbound onto S Calumet Ave, where the property sits just before E 53rd Street.
Financial Considerations
20103060260000
$37,736
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60615 has a population of 2,781,445.

The median household income in Chicago, Illinois 60615 is $51,887. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60615 is 38 years.

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Courtesy: Kiser Group Realty Inc
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/15/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/15/2024 4:32 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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