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$ 400,000
Est. payment /mo
Active Under Contract
5341 S Calumet AVE Chicago, IL 60615
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12491804
Year Built 1907
Annual Tax Amount $9,036
Tax Year 2023
Lot Dimensions 50x170
Property Sub-Type Multi Family 5+
Property Description
WASHINGTON PARK - FOR SALE: Exceptional value-add opportunity in Chicago's Washington Park neighborhood. This 6-unit building features six (3BD/1BA) apartments, all currently vacant and ready for a full gut rehab. Once renovated, the property offers significant rental upside with strong demand and income potential for 3-bedroom units in the area. The layout also provides an opportunity to add two garden apartments. Key features include two 2-car garages and a sizable backyard lot. Ideally located minutes from the University of Chicago, public transit, and ongoing neighborhood development projects. Perfect for investors or developers seeking a high-upside reposition.
Location
State IL
County Cook
Area Chi - Washington Park
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Daniel Breiter of Horvath & Tremblay IL, LLC