551-561 Wentworth Ave - Apartments FOR SALE


Calumet City, IL 60409
$3,000,000 USD
312-361-1647
551-561 Wentworth Ave, Calumet City, IL for Sale
$3,000,000 USD
Apartments - FOR SALE
1/10
null | 8.81% Cap Rate

551-561 Wentworth Ave
Calumet City, IL 60409


HIGHLIGHTS

  • Strong Rental Market
  • Transit Oriented Location
  • Convenient Suburban Location
  • Strong School District
  • Value-Add Opportunity
  • Attractive, Low Maintenance Brick Buildings

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois (the “Property”). The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed in 1968 on 0.52-acres of land with twenty (20) 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 Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

36

PRICE/UNIT

$83,333

CAP RATE

8.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

MF

APN/PARCEL ID

30-08-405-036-0000

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.