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5838-40 S Calumet Avenue, Chicago, IL 60637
$690,000 Contingent
5838-40 S Calumet Avenue, Chicago, IL 60637View this property at 5838-40 S Calumet Avenue, Chicago, IL 60637
5838-40 S Calumet AvenueChicagoIL60637
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Property Description
Desirable 6 unit building in the rapidly emerging Woodlawn quadrant. Minutes from Hyde Park, University of Chicago, future Obama library and the Lakefront. All units are identical, with the second & third floors having large private wrought iron balconies bringing in a touch of the outdoors. Large rear fenced yard for tenant enjoyment. All rooms are generously sized, with excellent closet space. Yearly expenses are low- all tenant paid utilities . All units leased. 9% cap rate attractive to investors.
Full Property Details
Full Property Details for 5838-40 S Calumet Ave
General
- Price: $690,000
- HOA FEE: $6,000
- Taxes: $8,209 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11917136
- Updated: 3/19/2024
- Added to Site: 191 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: MLK Dr. southbound to %9th St. Right to Calumet. Northbound on Calumet to property
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Trash: 1800
Structural Information
- Construction: Brick
- Exterior Const.: Aluminum Siding
- Stories/Levels: 3
- Year Built: 1909
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Dimensions: 50 x 170
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $6,000
- Insurance Fee: $4,080
- Operating Expenses: $27,727
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1909
- Tax Amount: $8,209
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 480
- Pays Trash: 1800
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Tax Bill, Operating Statement
- Property ID: 20151230180000
Listed by Charles Rutenberg Realty of IL
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Price & Sales History for 5838-40 S Calumet Ave
Date
Details
Price
Change
Source
10/25/2023
Listed
$690,000
1280%
MLS
8/04/2010
Sold
$50,000
—
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 5838-40 S Calumet Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$1,857
2%
$8,999
—
2021
$1,815
34%
$8,999
48%
2020
$1,350
1%
$6,060
-9%
2019
$1,343
2%
$6,682
—
2018
$1,320
-21%
$6,682
-14%
2017
$1,671
7%
$7,764
—
2016
$1,555
9%
$7,764
—
2015
$1,423
104%
$7,764
106%
2014
$699
2%
$3,769
—
2013
$685
1%
$3,769
—
2012
$676
—
$3,769
—
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 5838-40 S Calumet Ave
5838-40 S Calumet Avenue, Chicago, IL 60637 (MLS# 11917136) is a Commercial property. 5838-40 S Calumet Avenue is currently listed for $690,000 and was received on October 25, 2023. Want to learn more about 5838-40 S Calumet Avenue? Do you have questions about finding other Commercial real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.