5838-40 S Calumet Avenue Chicago, IL ^$ 690,000

5838-40 S Calumet Avenue

^$ 690,000

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5838-40 S Calumet Avenue

Chicago, IL, 60637

^$ 690,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 4,820

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5838-40 S Calumet Avenue, Chicago, IL 60637 - Image 8

Multi-Family Home for sale in Chicago, IL

for $690,000 with 2 bedrooms. This home was built in 1909.

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.

Multi-Family Contingent

Price

^$ 690,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 8,209

Style

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11917136

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1909

Electric Circuit Breakers

Tenant Pays Electricity Heat Hot Water

Stories 3

Township Hyde Park

Tax Year 2022

Gross Income 95964

County Cook

Net Operating Income 68237

Operating Expense 27727

Insurance Expense 4080

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions MLK Dr. southbound to %9th St. Right to Calumet. Northbound on Calumet to property

City Chicago

Total Units 6

MLS Area CHI - Washington Park

Street Name Calumet

Tax Annual Amount 8209

Electric Expense 480

Fuel Expense 600

Trash Expense 1800

Water Sewer Expense 3600

Additional Parcels Y/N N

Days on Market 188

Standard Status Active Under Contract

Exterior

Lot Dimensions 50X170

Exterior Aluminum Siding

Interior

Street Suffix Avenue

Basement Unfinished

* Excluded Features

List By

Charles Rutenberg Realty Of Il

Broker

rdooley940@sbcglobal.net

Affordability Calculator

$5,504

Per Month

Monthly Principal & Interest: $4,820
Monthly Property Taxes: $684
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,879

Percent of Sale Price 6%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/26/2023	$690,000		Listed Price

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5838-40 S Calumet Avenue, Chicago, IL, 60637 is a Multi-Family Home for sale at $690,000. 5838-40 S Calumet Avenue has 2 bedrooms, 0.0 baths, and was built in 1909. The property's zip code is 60637 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/23/2024.

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5838-40 S Calumet Avenue

Multi-Family Home for sale in Chicago, IL

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