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5938-40 S Calumet Avenue, Chicago, IL 60637
$998,900
5938-40 S Calumet Avenue, Chicago, IL 60637View this property at 5938-40 S Calumet Avenue, Chicago, IL 60637
5938-40 S Calumet AvenueChicagoIL60637
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Property Description
Vintage 1920's 8 unit apartment building in the South Side's emerging Woodlawn quadrant. All units have generous room sizes, nine foot ceilings, oroginal restored hardwood floors. All eight units have separate gfa furnaces and hot water tanks. The apartment mix consists of A: 5, 4 bedroom, 1 bath units, B. 1, 3 bedroom, 1 bath unit; C. 1 1 bedroom, 1 bath unit; D. 1 studio unit. All units are leased. Cap rate on property is 8.7 Note the spacious lot dimensions. Property has a large gated rear yard for tenant enjoyment . some parking off the alley
Full Property Details
Full Property Details for 5938-40 S Calumet Ave
General
- Price: $998,900
- HOA FEE: $5,200
- Taxes: $7,664 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11812675
- Updated: 4/15/2024
- Added to Site: 319 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. south from 55th St. Right on 60th to Calumet (first right), property on west side of street.
- Location Details: Empowerment Zone, Enterprise Zone, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Trash: 1600
- Onsite: Sanitary Sewer, Storm Sewer Available, Municipal Water
Structural Information
- Construction: Brick, Concrete, Stone
- Exterior Const.: Brick, Stone
- Foundation: Concrete Perimeter
- Roof: Tar and Gravel
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1920
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
Lot Features
- Lot Dimensions: 50 x 170
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Maint. Fee: $5,200
- Insurance Fee: $4,967
- Operating Expenses: $28,643
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1920
- Tax Amount: $7,664
- Tax Year: 2021
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 780
- Pays Trash: 1600
Disclosures and Reports
- Documents Avail.: Leases, Tax Bill
- Property ID: 20153040310000
Listed by Charles Rutenberg Realty of IL
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Price & Sales History for 5938-40 S Calumet Ave
Date
Details
Price
Change
Source
12/02/2023
Price Reduced
$998,900
-16.69%
MLS
8/15/2023
Price Reduced
$1,199,000
-3.23%
MLS
6/19/2023
Listed
$1,239,000
145.35%
MLS
1/16/2020
Sold
$505,000
—
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 5938-40 S Calumet Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,840
2%
$38,000
—
2021
$7,664
16%
$38,000
28%
2020
$6,599
-2%
$29,621
-12%
2019
$6,763
2%
$33,661
—
2018
$6,649
-4%
$33,661
4%
2017
$6,954
7%
$32,303
—
2016
$6,470
9%
$32,303
—
2015
$5,919
9%
$32,303
11%
2014
$5,409
2%
$29,153
—
2013
$5,302
1%
$29,153
—
2012
$5,231
—
$29,153
—
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 5938-40 S Calumet Ave
5938-40 S Calumet Avenue, Chicago, IL 60637 (MLS# 11812675) is a Commercial property. 5938-40 S Calumet Avenue is currently listed for $998,900 and was received on June 19, 2023. Want to learn more about 5938-40 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.