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652 Chappel Avenue, Calumet City, IL 60409
$360,000 Contingent
652 Chappel Avenue, Calumet City, IL 60409View this property at 652 Chappel Avenue, Calumet City, IL 60409
652 Chappel AvenueCalumet CityIL60409
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Property Description
This six-unit income property in Calumet City offers an enticing investment opportunity with its four two-bedroom units and two large one-bedroom units, all featuring decks, shared laundry facilities, ample parking, and additional storage units. Boasting a near 10% cap rate, it presents a compelling choice for investors seeking stable returns. The property's long-term market tenants and guaranteed rental income through subsidies further enhance its appeal, ensuring consistent cash flow. Situated strategically and well-maintained, it stands as a valuable asset in the real estate market, promising both growth and income potential. With convenience amenities like parking and storage units alongside its attractive rental units, this property holds promise for seasoned investors and newcomers alike, offering a blend of security and profitability in a competitive market.***Highest and Best Friday 12pm All offers on a CAR multi unit contract, proof of funds. Thank you***
Full Property Details
Full Property Details for 652 Chappel Ave
General
- Price: $360,000
- HOA FEE: $250
- Taxes: $17,393 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12009208
- Updated: 4/15/2024
- Added to Site: 24 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Calumet City
- County: Cook
- Township: Thornton
- Driving Directions: east/west on Michigan City Rd to Chappel, south to property.
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Hot Water, Baseboard
Utilities
- Trash: 90
- Onsite: Sanitary Sewer, Storm Sewer Available, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Composition, Tar and Gravel
- Stories/Levels: 3
- Square Feet: 6,078
- Current Bldg. Use: Multi-Family
- Year Built: 1976
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 7,380
- Lot Dimensions: 60 x 123
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $250
- Insurance Fee: $357
- Operating Expenses: $27,157
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1976
- Tax Amount: $17,393
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 64
- Pays Trash: 90
Disclosures and Reports
- Property ID: 29123210600000
Listed by Baird & Warner
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Schools
Schools serving 652 Chappel Ave
School Districts:Dolton Sd 149, Thornton Township Hsd 205
Rating | Name | Grades | Distance |
---|---|---|---|
1655 153rd St, Calumet City, IL 60409 | 1-6 | 0.3 mi | |
15121 Dorchester Ave, Dolton, IL 60419 | PK-6 | 0.6 mi | |
1650 Pulaski Rd, Calumet City, IL 60409 | 7-8 | 0.3 mi | |
1650 Pulaski Rd, Calumet City, IL 60409 | 7-8 | 0.3 mi | |
17101 S Park Ave, South Holland, IL 60473 | 9-12 | 2.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 652 Chappel Ave
Date
Details
Price
Change
Source
4/06/2024
Listed
$360,000
50%
MLS
10/10/2019
Sold
$240,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 652 Chappel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,394
-7%
$21,973
-12%
2021
$18,709
10%
$25,093
—
2020
$17,056
-7%
$25,093
-12%
2019
$18,434
—
$28,401
—
2018
$18,352
4%
$28,401
—
2017
$17,634
22%
$28,401
17%
2016
$14,491
3%
$24,218
—
2015
$14,071
-3%
$24,218
-5%
2014
$14,538
15%
$25,494
6%
2013
$12,677
—
$23,975
-4%
2012
$12,681
—
$25,043
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 652 Chappel Ave
652 Chappel Avenue, Calumet City, IL 60409 (MLS# 12009208) is a Commercial property. 652 Chappel Avenue is currently listed for $360,000 and was received on April 06, 2024. Want to learn more about 652 Chappel Avenue? Do you have questions about finding other Commercial real estate for sale in Calumet City? You can browse all Calumet City real estate or contact a Coldwell Banker agent to request more information.