437 Prairie Ave - Apartments FOR SALE


Calumet City, IL 60409
$750,000 USD
312-361-1647
437 Prairie Ave, Calumet City, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/10
null | 8.62% Cap Rate

437 Prairie Ave
Calumet City, IL 60409


HIGHLIGHTS

  • Strong Rental Market
  • Value-Add Opportunity
  • Strong School District
  • Convenient Suburban Location

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 437-439 Prairie Avenue in Calumet City, Illinois (the “Property”). The Property is improved by a 3-story multi-family building that contains nine (9) rental units comprised of three (3), 1-Bedroom/1-Bathroom units and six (6), 2-Bedroom/1-Bathroom units with 8,000 square feet of living area in 9,000 square feet of gross area. The well-maintained brick apartment building was constructed in 1970 on a 0.22-acre parcel of land with ten (10) on-site parking spaces. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to IL Route 83 and Interstate 94 and is convenient to I-294, I-80, and US Routes 20, 41 and 6, as well as several Metra Stations. The quick highway and train access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

9

PRICE/UNIT

$83,333

CAP RATE

8.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9-Unit Residential Apartment Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-6

APN/PARCEL ID

29-12-126-003-0000,29-12-126-004-0000

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.