Address
5219 S Calumet Avenue, Chicago, IL
Price
$ 4,125,000
Property Attributes
  • MLS#11977392
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Washington Park
  • NeighborhoodWashington Park
  • Zip60615
  • Style
  • Year Built1903
  • Taxes$ 37736
  • Price$ 4,125,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property 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

Price History
2/28/2024 Listed $4,125,000

General Features

Year Built 1903
Tenant Pays Heat,Hot Water
Stories 4
Tax Year 2022
Gross Income 415440
County Cook
Net Operating Income 289891
Operating Expense 113777
Insurance Expense 13753
Property Type Commercial Sale
MaintenanceExpense 8850
Status Active
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.
City Chicago
Total Units 26
MLS Area CHI - Washington Park
Street Name Calumet
Tax Annual Amount 37736
Electric Expense 3176
Fuel Expense 213
Trash Expense 4837
Water Sewer Expense 12978
Additional Parcels Y/N No
Days on Market 41
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 70' X 197'

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60615

Price
AVG $1.78M
$4.13M
Taxes
AVG $14,731
$37,736
Visits
AVG 176
301
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1903