535 FREELAND AVE Save Request In-Person Tour Request Virtual Tour
Calumet City,IL 60409
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $63
MLS Listing ID 12190938
Bedrooms 2
Full Baths 1
Year Built 1923
Annual Tax Amount $7,087
Tax Year 2023
Property Description
This is an excellent investment opportunity to have an acquisition as a buy and hold rental or to do a rehab. This property features all hardwood floors on the main level, vinyl windows, a large living room with a separate dining room, and large square footage in the bathroom. The basement runs the full length of the home, and the attic can be turned into a second floor with a bungalow up. This home already has a structural engineer report required by the Village to create a second floor. This home has a large fenced in back yard and a 1 car garage. This home is being sold as is, where is. Analysis Rehab AVR 240K 4 bed 2 bath. $88 Per RSF/Sale Valuation: 240K | $303/RSF/Equity Multiple : 1.210x/ Profit : 101.56% Rental Analysis: holding period 10 years Rentals run between $1,200 and $1,300, 1 year cap rate 10%, 10 year Sale Cap Rate : 12.24% This is an excellent investment. Anaysis of all figures available upon request.
Location
State IL
County Cook
Area Calumet City
Interior
Heating Natural Gas,Forced Air
Cooling None
Exterior
Garage Detached
Garage Spaces 1.0
Waterfront false
Roof Type Asphalt
Building
Lot Description Fenced Yard
Dwelling Type Detached Single
Sewer Public Sewer,Other
Water Public
New Construction false
Schools
School District 155 ,155, 155
Others
Special Listing Condition None