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HomeSmart Realty
486 Buffalo Avenue, Calumet City, Illinois 60409
- $899,996
- List Price
- $899,996
- Price Change
- ▲ $100,000 1790927251
- MLS#
- 12605135
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Calumet City
- Neighborhood
- Calumet City
- Days On Market
- Unknown
Property Description
Well-maintained 12-unit apartment building represents an excellent investment opportunity, combining an attractive unit mix with established rental income. The property includes FOUR spacious 2-bedroom units and EIGHT 1-bedroom units, providing a balanced selection of residences that supports strong and consistent rental performance. The property is currently generating solid rents, with two-bedroom units renting for $1,100 per month and one-bedroom units renting for $1,000 per month, resulting in an attractive estimated annual income of $148,800. This building is well suited for both experienced investors and those seeking to expand their portfolios. In addition, to its existing income stream and stable tenant base, the property offers opportunities for increased cash flow through future rental adjustments or operational improvements. Its 12-unit configuration also provides investors with multiple sources of rental revenue within a single property, making it a compelling option for those seeking an established multifamily asset with additional value potential. Conveniently located near the Illinois-Indiana border, the property provides access to shopping; the Metra train station; entertainment; educational; cultural establishments; and major highways. These nearby transportation and other options add to the property's overall convenience and accessibility. Trane high efficiency economical heating system. Whether the objective is to acquire a turnkey investment with current rental income or pursue opportunities to enhance future performance, this 12-unit apartment building presents a compelling investment opportunity in a growing rental market.
Additional Information
- Tax Year
- 2024
- Year Built
- 1960
- Lot Dimensions
- 50 x 125
- Air Conditioning
- Wall Sleeve
- Sewer
- Public Sewer
- Basement
- Yes
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